Egypt | Egypt Oil & Gas - Part 266

Egypt’s Natural Gas Production Increases by 20.5% YoY

Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017.

Siemens Completes Beni Suef Power Plant

Siemens has completed the construction of the 4800 MW power plant in Beni Suef, and has conducted performance testing.

EL Sayed Ismail Appointed New Head of Petrosalam

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has appointed El Sayed Abdel Rahman Ismail as the new head of the Petrosalam Petroleum Company.

EGPC to Borrow $850M to Repay IOC Debts

The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).

Egyptian Petroleum Products Consumption Falls 16% YoY

Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2018.

El Molla Meets with Dana Gas CEO

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Dana gas CEO, Patrick Allman-Ward, to discuss the company’s natural gas development and production projects in its onshore concess ...

Enppi Appoints Legal Adviser Ahead of IPO

Engineering for the Petroleum & Process Industries (Enppi) has appointed Zaki Hashem & Partners law office to provide legal advice for its upcoming initial public offering (IPO).

Tharwa Petroleum to Drill in North Sinai’s Noor Concession

Tharwa Petroleum Company is waiting for official approval for exploration and production (E&P) in the Noor concession in order to start drilling work.

Egypt to Reach Petroleum Products Self-Sufficiency in 3 Years

Egypt will achieve self-sufficiency in petroleum products in three years, Egyptian Minister of Petroleum, Tarek El Molla, has announced.

SDX Energy to Abandon Kelvin-1X Well

SDX Energy has announced that Egypt's Kelvin-1X exploration well at South Disouq concession is non-commercial due to low gas saturation.

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