NBD Egypt Supports EGAS in an EGP1.8b Deal

• Monday, 15th May 2017
• by Dr. Mahinaz El-Baz

Emirates NBD Egypt announced that it has participated in an EGP 1.8b syndicated loan deal in favor of the Egyptian National Gas Holding Company (EGAS) to help significantly boost gas production in Egypt. NBD Egypt’s c...

Egypt Aims to Cut LNG Imports

• Sunday, 14th May 2017
• by Dr. Mahinaz El-Baz

Egypt is holding talks with its LNG suppliers to defer contracted shipments this year. The North African Country aims to cut back on purchases in 2018, as surging domestic gas production squeezes out demand for costly...

El Molla Issues New Promotions

• Wednesday, 10th May 2017
• by Dr. Mahinaz El-Baz

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued promotions and transfers in the petroleum sector. Belayim Petroleum Company (Petrobel)’s Assistant Chairman for Exploration,Geologi...

Total to Drill at North Mahalla Concession by May

• Tuesday, 2nd May 2017
• by Dr. Mahinaz El-Baz

France’s Total Company is set to start drilling the first exploration well in North Mahalla onshore concession in the beginning of May 2017. Seismic scans of the concession indicate reserves of 3tcf to 5tcf of n...

EGAS Funded by 9 Banks

• Thursday, 20th April 2017
• by Sarah Samir

The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from a consortium consisting of nine Egyptian and Arab banks, reported Amwal Al Ghad. Banque Du Caire acts as the lead arranger, facili...

Egypt to Stop Burning Natural Gas by July

• Monday, 3rd April 2017
• by Dr. Mahinaz El-Baz

An Official source at the Egyptian Natural Gas Holding Company (EGAS) stated exclusively to Egypt Oil&Gas that it was decided to prohibit burning natural gas equivalent that is produced from all fields in differen...

El Molla Issues New Promotions

• Sunday, 2nd April 2017
• by Dr. Mahinaz El-Baz

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued promotions and transfers in the petroleum sector. Eng. Mohamed Abdel Azim, Chairman of Khalda Petroleum Company, was appointed as t...

Egypt’s Gas Demand to Reach 4.1bcf/d in Summer

• Wednesday, 22nd March 2017
• by Sarah Samir

The Egyptian Ministry of Electricity and Renewable Energy estimated the amount of oil and gas it will need during summer 2017 at 4.1bcf/d of gas, 23,000 tons/d of mazut, and 3,000 tons/d of diesel, reported Al Borsa. ...

El Molla Follows Up Progress of Zohr Field

• Tuesday, 21st March 2017
• by Dr. Mahinaz El-Baz

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Port Said Governorate to inspect the work progress at Zohr field as a part of following up the new gas development project, Al Ahram in...

Rosneft to Provide 10 LNG Cargoes to Egypt

• Tuesday, 21st March 2017
• by Dr. Mahinaz El-Baz

A trading unit of Russia’s largest oil producer Rosneft Trading SA (RTSA) has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company (EGAS) in 2017. The first ...