Egypt | Egypt Oil & Gas - Part 408
Egypt Reconsiders Lowering Gas Price for Factories
The Egyptian government had announced that it is reconsidering its decision to sell natural gas to the iron factories at $4.5 per 1mBtu instead of the current price of $7 per 1mBtu, in order to reduce the price of st ...
Dana Gas Records 50% Profit Decline in Q1
Abu Dhabi-listed company Dana Gas, which produces natural gas in Egypt and Iraq, reported a 50% decline in profit in Q1 as sales slumped due to lower hydrocarbon prices and 12% output fall.
Egypt Negotiating South Korean $3b Investment
South Korea aims to increase its investments in Egypt to $3b mainly in renewable energy, electricity, and desalination.
Rosneft to Ship LNG to Egypt
Egypt will receive the first of nine agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft in May, an official at the state gas board Egyptian Natural Gas Holding Company (EGAS) told the press.
Energean Completes Survey in West Komombo Concession Area
Greece's oil producer, Energean Oil & Gas has completed a new 2D seismic s urvey over the West Baliana interior rift basin in the Northern region of the West Komombo-Block 3 concession area, onshore Egypt.
UAE Allocated $4b in Support to Egypt
The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.
Kuwait Seeking Oil Technical Staff in Egypt, India
Kuwait National Petroleum Company (KNPC) has appealed to Egypt and India with a request to provide technical staff to work on oil facilities in the country during the recently announced general strike of the local oi ...
Egypt Considered Prone to Sign IMF Loan
Egypt may sign a five-year loan deal with the International Monetary Fund (IMF) during the IMF and World Bank biannual meetings in mid April.
