News / Egypt

Japanese, Korean firms to build diesel plant in Egypt

Japanese and South Korean firms have won a $1.8 billion contract to build a diesel oil refinery in Egypt to respond to rising car demand in the emerging economy, said the Japanese company.

Reliance may invest $10 bn in Egyptian oil sector

Reliance Industries is thinking of investing about $10 billion in Egypt's oil, petrochemicals and plastics industries, a company spokesman has said.

PetroJet wins International Tender to Execute Potash Project in Jordan

PetroJet has won the International Tender offered by the Jordanian Potash Company to execute its $85 million project, announced the Egyptian Ministry of Petroleum.

Egyptian Ministry of Petroleum seals plastic and potash deals

The Ministry of Petroleum ended the week on a high note, approving new Indian investments in different petroleum domains and acquiring a Jordanian bid to produce potash.

Transforming the Arab gas Pipeline to an Arab Gas Network and link it with the European one

Eng. Sameh Fahmi, Minister of Petroleum held talks with Eng. Sufian Al-Allaw, Syrian Minister of Petroleum and Mineral Resources, Dr. Khaled El Shereda, Jordanian Minister of Energy and Mineral Resources, Mohamed El Safadi, charge Lebanese Minister of Energy.

Egyptian government to reduce energy subsidies

The Egyptian government will cut energy subsidies by gradually increasing the price of natural gas over the next three years, announced Minister of Trade Rachid Mahmoud Rachid in a press conference.

Aker Kvaerner wins Al Zaafarana Platform in Egypt

Aker Kvaerner has been awarded a contract for operation, management and maintenance of the Al Zaafarana FPSO offshore Egypt by operator Gemsa Petroleum Company and partners. The contract value is NOK 200 million for a five year contract period effective from September 1, 2007. Options for contract extensions are included in the contract.

Dana Gas Announces Additional Discoveries in Egypt

Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced a new gas and condensate discovery from its Dabayaa-1 exploration well in the West Manzala Exploration Concession in 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.

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