News / Egypt
Egypt: 64% oil discoveries in the past five years
Egypt achieved the highest rate of oil discoveries compared to discoveries of all OAPEC countries where Egypt has accounted for 64% of total volume of discoveries during the past five years, according to the latest report on the oil activity. Hellenic Petrol sells drilling rights in Egypt
Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home. Priority for Development – Egypt Satisfying Local Needs of Gas
In order to confront increasing demand on natural gas in Egypt, a decision has been taken for extending natural gas supplies to all governorates in a period of seven years. Top priority would be given to satisfying the local needs of gas in the various sectors. Egypt gas deal overshadows Israel Tamar project
Subsidiaries of conglomerate Israel Corp are to buy Egyptian natural gas in a 20-year deal worth between $5 billion and $10 billion that adds to uncertainty over the future of Israel's own Tamar gas development. Al-Amal in business with Petrojet and Enppi
Al-Amal Petroleum Company assigned the implantation of developing Al-Amal field, located in Gulf of Suez, to the Petroleum Projects & Technical Consultations Co. (Petrojet) and the Engineering for the Petroleum & Process Industries (Enppi). The project total cost is expected to reach $245million, and it is included in the fiscal plan of 2010-2011. Eshpetco to start its new drilling plan
Esh El Mallaha Petroleum Company (Eshpetco) offers a bid in order to rent a new rig to start conducting its drilling plan for the current fiscal year of 2010-2011 in its acquisition area of West Esh El Mallaha field in Hurghada. Energizing the Egyptian Future
Egypt's International Economic Forum held a seminar in Sky Resort in New Cairo yesterday and it was organized under the motto ''Energizing Egypt's Future: The Outlook for Oil & Gas''. Azerbaijan, Egypt to discuss oil and gas cooperation
Azerbaijan and Egypt will discuss cooperation in the oil industry during Energy Minister Natig Aliyev's visit to Cairo on 14 to 18 December. 
