Egypt | Egypt Oil & Gas - Part 402
EGAS Completes Drilling 4th Well in Zohr Field
The Egyptian Natural Gas Holding Company (EGAS) Chairman, Mohamed El Masry, has announced that his company has completed drilling the fourth well in Zohr natural gas field, in the Mediterranean Sea.
TAQA Arabia Considers Constructing New 50MW Power Plant
Egypt’s largest private sector energy distribution company, TAQA Arabia, is considering establishing a new 50MW-capacity solar power plant. It will come in addition to the existing 50 MW solar plant project that the ...
Italy’s Eni to Start Drilling Offshore Cyprus in 2017
The CEO of Italian oil and gas company Eni, Claudio Descalzi, has announced that exploratory drilling off Cyprus’ southern shore will be initiated in 2017.
Saipem Wins EPCI Contract to Develop Zohr
Italy’s offshore contractor Saipem has won an engineering, procurement, construction, and installation (EPCI) contract in the Zohr gas field in the Mediterranean Sea. The contract, that is worth more than $1.77b, sta ...
CBE Notes $3.7b Decrease in Egypt’s Export Proceeds
As a result of the declining oil prices that are witnessed on a global scope, Egypt’s export proceeds have decreased by $3.7b during the first nine months of fiscal year (FY) 2015/2016.
Egypt Reduces Debts to IOCs to $3.4b
Egypt has reduced the arrears it owes to foreign oil companies by $100m to $3.4b in 2015/2016, compared to the previous year, declared the Petroleum Minister, Tarek El Molla.
Snam SpA Expects Egypt to Resume Gas Exports
Europe’s biggest natural gas infrastructure company, Snam SpA, announced that Egypt is likely to resume natural gas exports thanks to the major discoveries that were made off its shores in the recent years.
GE, Harbin Agree to Establish $8b Coal-Fired Plant in Egypt
US’s General Electric (GE) and China’s Harbin Electric have agreed to establish an $8b coal-powered electricity station that will run at a power of 6,510 MW in Egypt.
