EGAS Signs MoU for Cyprus Pipeline

The Egyptian Natural Gas Holding Company (EGAS) signed a Memorandum of Understanding (MoU) with Cyprus Hydrocarbons Company (CHC) in the fields of petroleum and natural gas.

Eni Signs $5 Billion Agreement for Oil and Gas Development in Egypt

The Egyptian Minister of Petroleum and Mineral Resources Sherif Ismail and Eni's CEO Claudio Descalzi signed Saturday a Head of Agreement, aiming at the development of the oil and gas resources of the Country while p ...

Dana Gas Affirms Commitment to Egypt at March Summit

Dana Gas will invest $350 million (Dh1.28 billion) in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the company’s chief executive said on Saturday.

Europe Losing LNG Imports Due to Increased Egypt Demand

Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas pric ...

Egypt’s Ganoub El Wadi Announces Extension of Bid Round Until May

Ganoub El Wadi Petroleum Holding Company (Ganope) announces an extension for the deadline to submit proposals to compete in its 2014 International Bid Round to explore for oil and gas.

Solar Energy Firm Terra Sola to Invest $3.5 Billion in Egyptian Projects

Leading solar power project developers are flocking to Egypt’s solar power market, which is set for a massive expansion.

Egyptian Petroleum Ministry Announces Increased Production by Petrobel

Press Release, In light of the petroleum sector’s policy of speedy execution of new natural gas field development projects and linking them to production to meet the growing needs for domestic consumption, the fourth ...

Agreement on Shale Price with Shell Egypt and Apache

Egypt has set the price of shale gas expected to be extracted from a recent concession to foreign firms at $5.45 per million British thermal units (mmBtu), an official at the oil ministry said on Monday.

BP Announces Second Major Natural Gas Discovery in Egypt’s East Mediterranean

PRESS RELEASE, BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6t ...

EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.

The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014.

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