Egypt | Egypt Oil & Gas - Part 403

Hurghada Oil Spill Spreads Across 6 KM in The Red Sea

Egypt's Environment Ministry's committee reported that crude oil slicks in the Red Sea region of Gabal al-Zeit, were already floating over 6 km in the seas off northeastern Hurghada. In cooperation with the nature-re ...

EETC to Collect 3rd Aswan Solar Energy Installment

The Egyptian Electricity Transmission Company (EETC) has addressed the solar energy companies’ investors in Aswan to pay the third installment of the EGP 10m cost-sharing agreement that links the solar power plants w ...

EEHC, Recovered Energy to Sign Energy Efficiency Contract

The Egyptian Electricity Holding Company (EEHC) will ink an agreement with Recovered Energy, in July 2016, to invest $30m in increasing the efficiency of the Sixth of October Power Plant.

Egypt Receives $650m Fuel Shipments from Saudi Arabia

As part of the five-year agreement that Egypt has with Saudi Arabia to contribute in supplying the country’s fuel needs, Egypt has received shipments of petroleum products worth approximately $650m in May and June 20 ...

Shell Reveals $342m Investment Plans in Egypt

Royal Dutch Shell has announced its new plans for the coming fiscal year (FY) 2016/2017 in Egypt. The Anglo-Dutch oil and gas giant sets its eyes on investing $342m in drilling 33 wells in its concession areas that a ...

Egypt Agrees to Import Iran’s LNG

Egypt has agreed to recommence importing Iran's liquefied gas (LNG), according to an Iranian official, following the permit issued by Cairo for Tehran to transfer crude oil to European countries through its SuMed pip ...

Nostra Terra to Start Collecting East Ghazalat Revenues

UK’s Nostra Terra has confirmed that its subsidiary, Independent Resources Egypt (IRE), has now been formally registered with the Egyptian General Petroleum Corporation and is on track to start receiving revenue shar ...

Schlumberger Wins $170m Zohr Development Contract

The world’s largest oilfield services company, Schlumberger Limited, has declared that its subsidiary, OneSubsea, has won a $170m contract from Egypt’s Petrobel, to help with the development of Egypt’s Zohr offshore ...

Egypt, Jordan Discussed Energy Projects

Egypt’s Minister of Petroleum, Tarek El Molla, and Jordan’s Energy and Mineral Resources Minister, Ibrahim Saif, discussed the mechanism of implementing energy and natural gas cooperation protocols between the two Ar ...

BP, EGAS Sanction Atoll Field Development

BP has announced that along with its regional partner, the Egyptian Natural Gas Holding Co. (EGAS), it has sanctioned a fast-track scheme to develop the Atoll gas field Phase 1 project in Egypt.

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