News / Egypt

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.

RWE hits dry

RWE Dea drilled two new wells in its acquisition area in North Edko, which showed low economical gas reserves and poor quality, as the gas contains more than 8% of CO2.

Petrogulf to rise in Gebel El Zeit

Petrogulf is awaiting the Egyptian General Petroleum Corporation (EGPC) approval on the drilling plan for the year 2010-2011. The company is planning to drill an exploratory well in its acquisition area in Gebel El Zeit with investments of $9 million.

Univar entity in Egypt fully operational

Univar, a leading global chemical distributor, announced today that Univar Egypt LLC, based in Cairo, Egypt is now fully operational. The new entity includes office and warehouse space and will be headed by Ahmed Fakhr El-Deen.

NOSPCO expects more from its Mediterranean field

North Sinai Petroleum Company (NOSPCO) concluded its installation operations and geological studies, according to the company's schedule for the month of July 2010.

NORPETCO ready for 2nd water injection phase

North Bahariya Petroleum Company (NORPETCO) is preparing for the second stage of the Water Injection project in the Bahariya layer, to convert two producing fields to work on the Water Injection operation.

NOSPCO to hit new layers

North Sinai Co. For Petroleum - Nospco is preparing to open new layers in the producing fields in the company's acquisition areas.

Sea Dragon Boosts Production in Egypt

Sea Dragon provided updates on its operations in Egypt about Kom Ombo and NW Gemsa Concessions.

Melrose has open mind on takeover

The chief executive of Melrose Resources has said its majority shareholder would be open minded about a bid for the firm, and noted that assets in places like Egypt, where the company operates, are in demand.

Solar plans lit up by $5bn fund

Countries in the MENA region with little or no oil and gas deposits are endowed with abundant sunlight and sparsely occupied land - resources that could make the region a renewable energy powerhouse.

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