News / Egypt
Apache invests more in the Western Desert
Apache Corporation won the endorsement of the Egyptian General Petroleum Corporation (EGPC) to originate a pipeline with the capacity of 24 inch, from Abu Al Gharadiq to Dahshur 220 km along and $550 million total cost. West Dikirnis Phase II Development Completed
During the first half of 2010, Melrose continued its active exploration and development work programme on its Egyptian acreage comprising the Mansoura, South East Mansoura and Qantara concessions onshore in the Nile Delta and the frontier Mesaha exploration concession in southern Egypt. Cairo goes nuclear as resources dry up
Despite a rise in discoveries of oil and natural gas, authorities in Cairo said they need to pursue nuclear power as their country runs out of fossil fuels. KBR Bags Second Contract for West Nile Delta Development
KBR has been selected by BP to undertake the second stage of concept selection and definition for the onshore terminal and export pipelines for BP's West Nile Delta Development in Egypt. Citadel of Egypt may sell investment, List Taqa shares as market improves
Citadel Capital Corp. may sell at least one investment by year-end and list one of its oldest energy units by June, the chief financial officer of Egypt’s largest publicly traded private equity firm said. Apache Hits Paydirt in Egypt’s Faghur Basin
Apache reported two new oil discoveries and a significant appraisal in the Faghur Basin in the far southwest of Egypt's Western Desert oil and gas province. Egypt to Enhance Oil Refining Industry
Egyptian Petroleum Minister, Eng. Sameh Fahmi said the international successive developments showed how important is the oil refining industry as it is one of the most important strategic industries to secure the needs of the local market of oil products and the export of the surplus. Egypt mulls re-buying its own gas from Israel at a seven times higher price
The Egyptian daily Al-Shaab reports that the Egyptian government, pressed by widespread popular unrest over power shortages caused by an insufficient domestic gas supply to power stations, is mulling the possibility of re-buying approximately 1.5 billion cubic meters of natural gas already supplied to Israel. 
