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.
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.
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.
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.
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.
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.