News / Egypt
Egypt to participate in India’s petroleum, natural gas conference
Egypt’s Ministry of Petroleum agreed to participate in the international conference on petroleum and natural gas to be held in India this coming November. Fahmy visits the Suez Company for vocational safety equipment
Eng. Sameh Fahmy, Minister of Petroleum, checked the work progress at the Suez Company for Vocational Safety Equipment; the first Egyptian company for manufacturing personal protection equipment of clothes, shoes, and other safety equipment to cover the needs of the petroleum sector. Fahmy: Al Hamra Terminal to become a “World Export Hub”
Al Hamra Specialized Oil Terminal, one of the most significant and strategic oil sites for crude oil shipment and export, to be developed to accommodate nearly 225 thousand barrels per day (bpd) from the Western Desert instead of 185 thousands bpd, said Eng. Sameh Fahmy, Egyptian Minister of Petroleum. Saipem awarded four drilling contracts in Egypt and Nigeria
Saipem has been awarded four new drilling contracts worth a total of US $510 million. The contracts are for the charter of Saipem's Scarabeo 4 and Scarabeo 3 offshore drilling rigs in Egypt and Nigeria respectively, along with the charter of six onshore rigs in Saudi Arabia. KS Energy to acquire the Sneferu from Egyptian Drilling
KS Energy Services has entered an agreement to acquire the Sneferu jackup from Egyptian Drilling for US $108.1 million. Sumed set to become center of international crude oil exchange
The Arab Petroleum Pipelines Co. (Sumed) will establish five new storage tankers at Sidi Kreir, the loading terminal at the northern end of the Sumed pipeline, increasing its storage capacity to 20 million barrels of oil per day. RWE Dea announces extension of Egyptian Gulf of Suez Concessions
RWE Dea Suez GmbH and EGPC, the Egyptian General Petroleum Corporation, signed agreements allowing for the extension of the Gulf of Suez Offshore and the North Belayim Offshore Concessions by a further ten years. Egypt signs eight oil and natural gas deals worth $660 million investment
Egypt's Ministry of Petroleum signed eight exploration and amendment agreements for oil and natural gas exploration worth US $660 million with several foreign firms including BP, Austria's OMV and Norway's Statoil. 
