Egypt | Egypt Oil & Gas - Part 253

Egypt, Greece, Cyprus Establish East Mediterranean Gas Forum

Egyptian President Abdel Fattah El Sisi has agreed with his Cypriot counterpart, Nicos Anastasiades, and Greek Prime Minister Alexis Tsipras to establish an Eastern Mediterranean gas forum to be headquartered in C ...

Enppi to Issue GDRs on London Stock Exchange

The Egyptian government plans to issue global depository receipts (GDRs) for Engineering for the Petroleum & Process Industries (Enppi) on the London Stock Exchange (LSE).

GE Wins Contract for Dabaa Nuclear Plant

GE Power Company announced winning a contract to deliver turbine island equipment for Egypt's El Dabaa nuclear power plant.

WorleyParsons to Provide Project Management Consultancy for Assiut Hydrocracking Complex

WorleyParsons won a four-year contract from Assiut Oil Refining Co. (ASORC) to provide project management consultancy for the Assiut Hydrocracking Complex, which is located in Upper Egypt.

Energean Oil & Gas Appoints Iman Hill COO

Energean Oil & Gas announced appointing Iman Hill as new Chief Operating Officer (COO) effective November 1st, 2018.

Petroleum Exports Profit Increases by 33.14% YOY

Egypt's petroleum exports profit increased by around 33.14% year-on-year (YOY) as the country exported petroleum worth $8.773 billion in fiscal year (FY) 2017/18, compared to $6.5895 billion during 2016/17.

HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited

HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC).

Mostorod Refinery to Decrease Egypt’s Diesel Imports by 50%

Egypt will start trial operations at the Mostorod refinery complex in December 2018 and prepare for the actual operations to start in Q1 2019 which will contribute to decreasing diesel imports by 50% as the refine ...

Enppi Signs Deal to Manage IPO

Engineering for the Petroleum & Process Industries (Enppi) has signed a contract with three banks to manage the company's initial public offering (IPO) on the Egyptian Exchange Market (EGX).

Egypt Adds 40 Tcf of Natural Gas to Reserves from 2016-18

Egypt has successfully added 40 trillion cubic feet (Tcf) of natural gas to reserves from four major projects during the period from 2016 to 2018, Lamia Abou Shahba, Department Manager of Gas Regulatory Affairs at ...

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