News / Egypt
APICORP sells 12% stake in Egypt-based ACBC
The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organization of Arab Petroleum Exporting Countries (OAPEC), has signed an agreement to shed its 12% stake in the Egypt-based Alexandria Carbon Black Company (ACBC) to the Aditya Birla Group, the majority shareholder of the company. Egyptian gas to reach Turkey via Syria
Syria's Minister of Oil and Mineral Resources, Sufian Allawi stated that the Egyptian gas would reach Turkey via Syria at the beginning of next year through the four outlets of the Arab Gas Pipeline. Flagsol Constructs Concentrating Solar Power Plant in Kuraymat Region
Flagsol, a subsidiary company of Solar Millennium, has constructed the first Concentrating Solar Power Plant in the Kuraymat region of Egypt. This 150 MW hybrid power plant will utilize natural gas and concentrated solar power and would be operated continuously. OAPEC sets 2011 budget at $7.28 million
The 85th session of the ministerial council of the Organization of Arab Petroleum Exporting Countries (OAPEC) approved its 2011-estimated OAPEC budget of $7.28 million, which is 4% up from that of the last year. NOSPCO reveals its 2nd stage of field development plan at the Mediterranean Sea
The North Sinai Petroleum Company announced the start of the second development plan of its marine fields, which serves its plan to explore and develop more gas production. NORPETCO kicks off 2011 plans
North Bahariya Petroleum Company (NORPETCO) is preparing to conduct a new study during the new development plan of 2010-2011 in its acquisition area in the Western Desert. Beach to Kick Off Abu Sennan Drilling
Beach Energy reported that a four well drilling program at Abu Sennan in Egypt will commence with the first well spudding mid to late December. Sea Dragon Provides an operational update on Egypt
Sea Dragon Energy Inc. is pleased to provide the following update on its Operations in Egypt. 
