Egypt | Egypt Oil & Gas - Part 355
Three Firms to Bid on ENPPI’s Shares
CI Capital, Beltone Financial and Arqaam Capital will compete for ENPPI’s IPO.
Egypt Strengthens Gas Production
BNP PARIBAS stated in a study that Egypt is a world-class hydrocarbon area with active drilling in four basins.
Egypt Increases Smart Card Program Participation
E-Finance's Smart Cards Manager, Khaled Abdel Ghany, stated that 12,000 Egyptian citizens recently applied for fuel smart cards.
Egypt to Pay $2b Compensation to Israel
Swiss court ruled that Egypt should pay a $2b compensation to Ampal-American Israel Corporation for the damage caused by the cessation of natural gas exports from Egypt to Israel in 2012.
Egypt to Receive Oil Shipment from Iraq
Iraq started loading a tanker with 2mb of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.
Egypt to Hire IPO Adviser
Egyptian authorities are in talks with local and international investment banks to be advisers for the IPO program.
EETC to Contract Al Fanar for Solar Projects
The Egyptian Electricity Transmission Company (EETC) will sign a power purchase agreement with Saudi Arabian Al Fanar Company.
Rockhopper Starts New Exploration Well in Egypt
Rockhopper Exploration and Kuwait Energy started drilling a new well in the Abu Sennan Concession.
