Egypt

Dutch Shell to Start Seismic Surveys in Newest Concession Block in Egypt

Dutch Shell is preparing oil and gas exploration work in Egypt as part of its first seismic surveys in its newest concession area in the Abyad region, North Matrouh.

Coal Power Generation Coming to Egypt from Abu Dhabi

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt.

UAE Based Dana Gas Promised Full Repayment by Egyptian Government by 2016

Dana Gas, an energy firm based in the United Arab Emirates, could recover all of its outstanding arrears from the Egyptian government by next year, its Group Chief Executive Patrick Allman-Ward said.

Egypt’s EGPC to Invest for First Time Outside Country in Iraq/Kuwait Deal

Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company's first foray into upstream work outside of Egypt, the Egyptian oil minister said on Sunday.

Oil Prices Push Gulf Equity Markets Down, March Summit Push Egypt Stock Up

Gulf equity markets may stay depressed on Monday after oil prices extended losses and corporate news provided little encouragement

Chile’s ENAP to Build 90 Km Pipeline in Egypt’s Western Desert

A subsidiary of Chile's state owned oil company ENAP plans to spend $30 million to build a 90 km oil pipeline in the Western Desert, the country's ambassador announced on the recent economic summit in Sharm El Sheikh.

GE Delivers 34 Gas Turbines to Egypt

General Electric said in a statement on Friday it had delivered 34 gas turbines to Egypt out of a planned 46 turbines total as part of a project to provide 2.6 gigawatts of power to the grid by May 2015.

$21 Billion Worth of Oil Deals Signed by Egypt

Egypt signed two oil and gas deals worth a total of $17 billion Saturday on the sidelines of the economic conference, and another $4 billion deal is scheduled to be signed Sunday.

Gulf Energy Firms Pledge Renewable Gigawatts at March Summit

Leading Gulf-based energy firms Masdar and Acwa Power has signed Memorandums of Understanding (MoU) with the Egyptian Electricity Holding Company to develop up to 4 Gigawatts of renewable and natural gas power genera ...

BP to Invest $12 Billion in Egypt

British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

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