News / Egypt

Egypt gas still not flowing to Israel

The Israeli Ministry of Environment announced that Egypt's supply of gas to Israel will not be resumed as anticipated following an attack on an oil pipeline in Northern Sinai on 5 February.

Israel-Egypt gas exporter says turmoil won’t damp sales outlook

Yosef Maiman, part owner of the Egyptian-Israeli natural-gas pipeline, said turmoil in the Middle East won't stop the joint venture's fuel sales from more than doubling to $1 billion by 2014.

BP reserves drop 1% after asset sales in Egypt, U.S., Canada

BP Plc said its proved recoverable crude oil and natural gas reserves fell 1.2 percent last year on disposals in Canada, Egypt and the U.S.

Will Hess leave Egypt for good?

Hess Corporation, an integrated oil company based in USA, decided that it would sell its shares in its concession area in the Mediterranean Sea.

El Hamra to drill a new well

El Hamra Oil Company is preparing to drill a new exploratory well in the company's acquisition area in North East El Alamein, located in the Western Desert field.

ZAFCO to increase production

Zafarana Oil Company (ZAFCO) evaluates the south extension of the geological formation of the Zafarana field in the Gulf of Suez concession.

GEMPETCO evaluates the seismic data

Gemsa Petroleum Company (GEMPETCO) is currently working on reassessing some of the data collected from the 3D seismic survey of some of the company's fields.

WASPETCO: no problems with partner

Wadi El Sahl Petroleum Company (WASPETCO) denies any problem with the partner as some newspapers claimed that the company's operations were postponed due to the clashes, said an official to Egypt Oil & Gas Newspaper.

Abu Qir deepen in the Mediterranean

Abu Qir Petroleum Company studies the possibility of drilling a new exploratory well in its acquisition area in the Mediterranean.

PetroAmir and SUCO to join forces

PetroAmir is preparing to cooperate with Suez Oil Company (SUCO) to implement a new project to extent the natural gas pipeline produced during the coming period. The procedure is a part of the company's new fiscal plan of the year 2010-2011.

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