Egypt | Egypt Oil & Gas - Part 418

Egypt Fuel Subsidies to be Distributed Only by Smart Cards

Khalid Abdul Ghani, Director of the Smart Card system for distribution of petroleum products, confirmed that all data for those eligible for fuel subsidies – 5.6m citizens – has been handed over to the traffic author ...

Egypt to Begin Gas Imports from Cyprus by 2018

In an interview with Daily News Egypt, Sherif ismail announced that economic studies to import gas from the Aphrodite gas field in Cyprus are underway. This came after ENPPI completed all technical studies. "It is pl ...

Egypt Pays $600m of IOC Debt

In an interview with Daily News Egypt, Tarek El-Molla confirmed the reduction of Egypt's debt to foreign oil companies to the current $2.9b.

IEOC to Connect Mega Egyptian Gas Discovery to Port Said

IEOC, a subsidiary of Eni, will extend a 195km pipeline from Zouhr well Block 9 to the city of Port Said, reported Egypt Oil & Gas (EOG). Work on the pipeline will begin with development operations early next year.

Egypt to Issue Tender for 300,000 Tons of Fuel

Sources at EGPC told Egypt Oil & Gas (EOG) that a tender for importing 300,000 tons of fuel and diesel will be issued end of September. The decision comes as part of the government's plan to have a 15 day stock of a ...

Eni to Start Development of Shorouk Block in January

Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company.

Eni’s Gas Discovery May Be Double Initial Estimates

Sources at EGAS told Egypt Oil & Gas (EOG) that according to the seismic data of Eni's massive Zouhr discovery, the potential reservoir is estimated at 60 TCF, rather than 30 TCF. Accurate estimates of the full res ...

Update-2: EGAS to Gain 60% Share of Eni’s New Gas Find in Egypt

EGAS Chairman Khaled Abdel Badie told Daily News Egypt that the agreement with Italy’s Eni will see Egypt’s share of gas production from the Shorouk franchise increase to over 60%. this will occur after the foreign p ...

Update 1: Eni Provides Full Report on Mega-Gas Find in Egypt

The Ministry of Petroleum and Mineral Resources announced in a press release that the petroleum Minister, Sherif Ismail, received a report from Eni Chief Executive Claudio Descalzi concerning the company's deepwater ...

Egypt to Sign Dabaa Nuclear Station Agreement Next Week

Minister of Electricity and Renewable Energy Mohamed Shaker announced that the ministry is currently holding negotiations with Russian experts to complete the remaining aspects of the establishment of Dabaa nuclear s ...

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