US Apache's joint venture in Egypt, Khalda Petroleum, reduced the cost of oil produced from its concession located in the Egypt's Western Desert from $5 to $4.5 per barrel during the first quarter of fiscal 2016/2017.
Egyptian Prime Minister, Sherif Ismail, met with Senior Shell Executive, Sami Iskander to discuss existing and potential opportunities in Egypt's oil and gas exploration.
Kuwait Energy Oil and Gas Exploration Company is currently planning to finalize a reserve-based lending (RBL) loan facility of up to $100m to fund Egypt's Abu Sennan, Area A, Burg El Arab and East Ras Qattara fields.
Egypt's fuel imports bill reduced by 9% due to decrease consumption of power plants, vehicles, and demand in general during the winter months when compared to the warmer summer season.
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the ministry will not reprice its contracts with the renewable energy companies under the energy purchasing feed-in tariff (FiT) ...