News / Egypt

First Egyptian-Chinese plant to manufacture oil rigs in Suez

Chinese and Egyptian officials laid foundation stone for a joint project to manufacture oil drills, which is the first land oilrigs plant in the Middle East region.

Shell opens Egyptian field to ONGC

Royal Dutch Shell has offered India's state-run Oil & Natural Gas Corporation (ONGC) a 33% stake in an exploration field off Egypt, Indian media reported today.

Egypt expected to produce 8 tons of gold next year

After the success of the 1st International Bid-Round for gold exploration in Egypt, which was offered in July 2006 and resulted in signing six agreements with international companies to explore and produce gold, the Egyptian Mineral Resources Association (EMRA) is currently finishing the procedures of offering new gold exploitation and mineral resources Bid-Rounds.

QAPCO opens regional warehouse in Egypt

Qatar Petrochemical Company (QAPCO) has announced it officially inaugurated its regional warehouse in Al-Adabia, Egypt.

BG to spend $3bln on Egypt gas plans

BG Group, the biggest supplier of liquefied natural gas to the US, said it planned to spend more than $3 billion exploring for and producing natural gas in Egypt by the end of the decade, according to reports by Bloomberg.

Fahmy inaugurates INTERGAS 2007 Conference

Eng. Sameh Fahmy, Egyptian Minister of Petroleum, inaugurated the 4th International Conference and Exhibition for Oil and Gas (Intergas IV), which was attended by Mohamed Bin Dhaen El Hameli, UAE's Energy Minister and President of OPEC, Sheikh Ali El Sabbah, Kuwaiti Oil Minister, and delegations from 49 states participating in the conference and the accompanying exhibition.

Eni to invest $12 billion in Egypt

Italian producer Eni intends to invest $12 billion in natural gas operations in Egypt over the next five years, the Egyptian Ministry of Oil said today.

Transglobe Energy announces well results at Nuqra Block 1, Egypt

The Narmer #1 exploration well was drilled to a total measured depth of 2,701 meters (8,860 feet) and subsequently plugged and abandoned.

Fahmy: new initiative to bolster Euro-Mediterranean cooperation

Eng. Sameh Fahmy, Egyptian Minister of Petroleum and Andrea Cannito, the European Union President's envoy discussed the work program of bolstering cooperation of the Mediterranean Basin states, comprising Italy, France, Portugal, Spain, Egypt, Libya, Algeria, Tunisia, and Morocco, through an economic perspective achieving the targeted interest of all parties.

SUMED: LE 1.2 billion Egyptian revenue from petroleum transportation

The Arab Petroleum Pipeline Co (SUMED) recorded exceptional figures in its net profit which counted for LE 1.2 billion and the quantity of crude oil shipped last year.

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