Egypt | Egypt Oil & Gas - Part 337

Egypt’s Petroleum Products, Gas Consumption Rose

Egypt consumed about 73.36m tons of petroleum products and natural gas during the fiscal year (FY) 2014/2015, compared to 73.04m tons in FY 2013/2014, an increase of 0.43%, according to CAPMAS.

France Offers $75.8m Gas Grant to Egypt

The French Development Agency (AFD) has offered Egypt a $75.7m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households.

Qalaa’s New Oil Refinery to Cut Import Bill

Egyptian Qalaa Holdings is positive that its new mega refinery will reduce the country’s dependence on oil imports, according to what its Chairman, Ahmed Heikal, said in an interview.

Egyptian Cabinet Approves Nuclear Cooperation with Riyadh

The Egyptian cabinet has officially approved cooperation with Saudi Arabia in peaceful usage of nuclear power and on nuclear security.

El Molla Foresees Increase in Natural Gas Production

Egypt's Oil Minister, Tarek El Molla, said that the country will increase its natural gas production to between 5.5 and 6bcf/d by the end of 2019. Egypt currently produces 3.9bcf/d of natural gas.

SDX Energy’s North West Gemsa Well Flows Oil

SDX Energy, an international oil & gas exploration and production company with assets in Egypt and Cameroon, brings a new oil production well at the North West Gemsa concession of Egypt's Eastern Desert in operation.

Jordan to Boost Energy Cooperation with Algeria, Egypt, Palestine

Jordan signed multiple agreements with Algeria, Egypt, Palestine on energy investment and mineral resources exploration on hope of boosting co-operation in the growing sectors.

Israel, Egypt Expected to Compromise on Gas Deal

Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal for export of Israeli offshore gas to Egypt.

Russia Loans Egypt $25b to Build Nuclear Power

Russia will loan Egypt $25b to finance building and operating a nuclear power plant in the country. Egypt's President, Abdel Fattah Al Sisi approved the loan, which would be paid off over 35 years.

Egypt to Settle $400m Dues to Shell, BG

Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phas ...

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