The International Monetary Fund (IMF) reached a staff-level agreement with the Egyptian government on October 30, paving the way for the release of the fifth loan tranche of $2 billion.
Shawcor presented its flexpipe to a team of engineers working in the Egyptian General Petroleum Corporation (EGPC) at the company's headquarters in Cairo on October 29.
Middle East Oil Refinery (Midor) has signed the final contracts for a $1.2 billion syndicated loan from Italy’s CDP, France's BNP Paribas, and Crédit Agricole.
Egypt is expected to begin operating the 100-MW first phase of the electricity link with Sudan by the end of this year, according to government sources.
Eni has started drilling the ninth well at the Zohr natural gas field.
Apache has invested more than $1 billion in the Egyptian oil and gas sector during 2018, David Chi, vice-president and general manager of Apache Egypt, has said.
Egypt’s natural gas reserves increased by 33.3% reaching around 90 trillion cubic feet (Tcf), compared to 60 Tcf in 2015, as the country added new natural gas fields, including Zohr and Atoll, to production.
British gas company Dragon LNG will receive a liquefied natural gas (LNG) shipment from Egypt at the end of October.
Egyptian petroleum minister, Tarek El Molla, met with Petronas CEO, Wan Zulkiflee, to review the company's future investments in the Egyptian oil and gas sector.
Talks between Eni and Naturgy regarding the re-opening of the Damietta liquefaction plant are at an "advanced stage".
