Egypt to End FSRU Contract Mid-September
Egypt will dispense with one of two rented Norwegian Höegh Gallant floating storage and regasification units (FSRU) in mid-September 2018 due to adding new wells to production.
Egypt | Egypt Oil & Gas - Part 261
Halliburton Appoints New VP for Egypt, Libya
Eng. Osama Halim, who has more than 25 years of experience in the oil and gas sector, has been appointed the new Vice President Egypt & Libya for Halliburton.
Petroleum, Finance Ministries Agree Real Estate Tax Standards for Petroleum Sector
The petroleum and finance ministries have agreed on the standards for calculating real estate taxes on petroleum and mineral facilities.
Agiba Petroleum Invests $237M in 2017/18
Agiba Petroleum Company invested $237 million during fiscal year (FY) 2017/18.
Natural Gas Production Increases by 19.4% YOY
Egyptian natural gas production increased by 19.4% year-on-year (YOY) to reach 3.805 million tons in June 2018, compared to 3.187 million tons in June 2017.
Egypt to Reopen Damietta LNG Facility
The Ministry of Petroleum has reached an agreement with its partners in the Damietta liquefaction plant to gradually re-open the facility and export natural gas produced from Zohr in 2019.
Government Official: Egypt Signs Oil Hedging Deals with Citibank and J.P. Morgan
Egypt has signed hedging contracts with American banks J.P. Morgan and Citibank to secure against fluctuating oil prices, according to a government official.
Qalaa Holdings Looks to Increase Shares in ERC
Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), according to the company's managing director.
Petrobel Beats FY 2017/18 Production Targets
Belayim Petroleum Company (Petrobel) beat its fiscal year 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day.
Petrobel Drilled 35 Wells in 2017/18
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.
