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