ExxonMobil Considers Logistics Center in Damietta Port

Damietta Port Authority (DPA) Chairman Tariq Shaheen has discussed investment opportunities with a delegation from ExxonMobil.

Delek Drilling Seeks Acquiring Stakes in Egyptian Liquefaction Plants

The company wants to buy parts of either Idku or Damietta liquefaction facilities as a part of its deal with Egypt to liquefy gas and export it to global markets.

Europe Invested $650m In Power Plant Upgrades

Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.

Tamar, UFG Negotiating Gas Pipeline

Israeli Tamar Partnership and the Spanish energy company Union Fenosa Gas (UFG) are holding talks on a possible pipeline gas supply deal reviving the 2014 memorandum of understanding that has since been halted over t ...

Orascom’s 250MW Power Plant to Begin Operations

Egypt’s ongoing efforts to boost its energy capacity received an early Ramadan lift as the contractor Orascom Construction announced that it has completed the first phase of the West Damietta power plant two weeks early.

New gas discovery in North Damietta

BP Egypt announced on Saturday a significant gas discovery in Salamat well which is the first well in the North Damietta Offshore Concession granted in February 2010 and operated by BP.

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