Egypt | Egypt Oil & Gas - Part 332
Oil Expert: IMF Loan is a Trap
'The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,' said Ibrahim Zahran, a petroleum expert, in an exclusive inter ...
Descalzi: Eni Is Keeping Balance by Lowering Costs
In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.
Oil Minister Appointed New Heads of Three Petroleum Companies
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of three petroleum firms.
GASCO Mulls $605m Investment in Gas Projects
GASCO studies a project to transport gas from Raven field in the North of Alexandria worth $105m and investing $500m in the second phase of a project to boost ethane-propane production in Western Desert.
Weatherford Egypt Witnesses Workers’ Protest
Fifty workers at Weatherford Egypt, an energy service company, staged a sit-in protest in front of the company's headquarter in Cairo, raising objections to a recent decision by the company to terminate their employm ...
Egypt: Fuel Prices Will Not Rise over IMF Loan
During negotiations with the IMF, the Egyptian government confirms that no changes will occur to current fuel prices and other reform efforts.
Egypt, France Sign $76.5m Gas-to-Homes Agreement
Egypt and France have signed a grant agreement worth $76.5m to be allocated to gas-to-homes projects, according to the Ministry of International Cooperation's official website.
ECCE Mulls EGP 2b Investment in Solar Energy
The Egyptian energy company ECCE is to funnel investments worth EGP 2b towards the development of solar power plant and a factory for the production of solar cells.
