Egypt | Egypt Oil & Gas - Part 422

Egypt Raised Electricity Prices on High Usage Households

Egypt raised electricity prices on Thursday for mid-to-high household usage by an average of 19 percent for the 2015-2016 fiscal year, the electricity ministry said.

Contractor Awarded $500m by BP and DEA for North Alexandria

Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.

EGAS to Provide More Gas for Power Generation

Various areas have witnessed power outages over the last few days, despite the 1,200 MW surplus in electricity production, and the pumping of approximately 133m cubic metres of gas and oil equivalent daily by the Egy ...

EGAS Issues Regulations Governing Private Sector Importation of LNG

EGAS issued its directives governing the private sector importation of liquefied gas, which include providing data on the importer (the applicant), the source of imported gas, potential gas consumers and technical sp ...

Studies for Importing Cypriot Gas Completed

Enppi has completed the technical and financial studies for the import of gas from Cyprus, the results are currently under review by EGAS to begin extending the maritime pipeline to Cyprus for imports to commence.

5288 Extra Barrels of Crude Oil Discovered in 2015

Crude oil and derivatives production rates from new petroleum discoveries made during the period from January to July totaled 5288 b/d in Egypt.

Italy’s Edison to Build 180MW Power Plant in Egypt

Egyptian investment company Qalaa Holdings and Italian gas company Edison signed a Joint Development Agreement on Thursday to build a 180 MW power plant in Egypt.

Sherif Ismail: Egypt Strikes 3 New Gas Discoveries

Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of 21.2 million barrels of oil and 11 billion cubic feet of gas.

BG Egypt Appoints New President

BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday.

Ministry of Petroleum: Egypt to Sign 9 Agreements Worth $2.2bn

Nine petroleum agreements of about $2.2 billion will be finalized soon, according to a Ministry of Petroleum. The nine agreements include an agreement with the Tunisian HBS international oil company with investments ...

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