News / Egypt
PGNiG begins exploration for oil in Egypt
PGNiG opens its branch office in Egypt, which will search for oil in the country at a cost of $200-300 million. Egypt gets USD174.5m for energy and water projects
Egypt is receiving two loans worth a combined EUR120m from the European Investment Bank to develop renewable energy and water projects. The first loan of EUR50m (USD72.7m) will support the development of the Gabal el Zait offshore wind farm Aminex drills ahead at South Malak-1 onshore Egypt
Aminex has provided an update on the South Malak-1 well in the West esh el Mellaha concession, onshore Egypt. Egypt to raise energy prices for non-intensive industries
Egypt will decrease subsidies on natural gas and electricity to non-energy intensive industries, the local press reported, raising prices 26 percent by the beginning of 2010, announced Amr Assal, chairman of the Industrial Development Authority. Beach Updates Drilling in North Shadwan Concession
Beach Petroleum provides an operational update on its drilling Egypt. In the Gulf of Suez’s North Shadwan Concession, The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2117 metres in the South Gharib Formation. The primary reservoir target is the Nubia Formation. Oil price fall could derail Mideast rebound: IMF
The Middle East can look forward to solid growth this year and next, but a fall in crude prices could undermine prospects for oil exporters and importers alike, the IMF warned on Thursday. Conflict or cooperation themes debated at Shell Energy Dialogues in Egypt
An overview of the energy mix and how it will evolve mid-century, given the impacts of factors like population growth and economic prosperity, was the main issue discussed in the Future Energy Scenario forum hosted by Shell Egypt under the auspices of the Minister of Petroleum Eng. Sameh Fahmy, and in collaboration with the Egyptian Petroleum Association (EPA). KEC gets $50m to develop assets
The International Finance Corporation (IFC), the World Bank's private sector lender, will lend $50 million to Kuwait Energy to help the company develop its oil and natural gas assets in Egypt and Yemen. 
