Egypt | Egypt Oil & Gas - Part 310

LNG Imports to Cease Next Year

Egypt will cease importing liquefied natural gas (LNG) before the end of 2018, the Minister of Petroleum and Mineral Resources, Tarek El Molla, stated.

Cost of Fuel Subsidy Program Rises 68%

The cost of Egypt's fuel subsidies rose 67.86% year on year (Y.o.Y.) for the first quarter of the fiscal year.

Egypt Opens New Butane Warehouses

In preparation of higher butane consumption during the winter months, Egypt has taken steps to bolster its distribution capabilities.

Egypt, Cyprus Explore Opportunities for Cooperation

Egyptian and Cypriot officials met to discuss hydrocarbon cooperation

EGPC, Trident Petroleum Ink $2.4M E&P Deal

The Egyptian General Petroleum Corporation (EGPC) signed a $2.4 million exploration and production (E&P) agreement with Trident Petroleum Company for the drilling of four new wells in Magawish Block in the Gulf of ...

PetroTrade Seeks EGP 2.5B Loan

PetroTrade is in talks for an EGP 2.5 billion loan.

Bonatti Group Wins Onshore-Service Contract for Zohr

The Bonatti Group won a contract for electrical and developmental work at the Zohr natural gas field.

Consideration of Bids for Egypt-Saudi Interconnection Project Postponed

Saudi Arabia and Egypt agreed to postpone the consideration of bids on electricity lines and transmitters for the Egypt-Saudi Arabia Interconnection Project until January.

Atoll Field Still on Track for Production in 2017

The BP-operated Atoll natural gas field remains on track to begin production in 2017.

Total Acquires 5% Stake in Idku LNG Project

Total announced that it purchased a 5% stake in the first train of the LNG project in Idku

Page 310 of 459

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