Egypt | Egypt Oil & Gas - Part 422
Egypt’s Sisi Meets with Eni’s CEO
President Abdul Fattah al Sisi met with Eni's CEO Claudio Descalzi.
Rosneft to Supply Egypt with Natural Gas
Petroleum Minister Sherif Ismail has inked an agreement with Russian company Roseneft to supply amounts of LNG to Egypt for the upcoming two years, reported All Africa.
Falling Brent Prices Push IOCs to Cut Production in Egypt
The Ministry of Petroleum announced the stabilization of crude oil production at 695,000 b/d during the current fiscal year in the context of foreign partners continuing to reduce their exploration investments.
Egypt Cancels Tender for Prepaid Smart Electricity Meters
The Ministry of Electricity announced the cancellation of a tender for supplying 50,000 smart electricity meters that were needed for the South Cairo Electricity Distribution Company.
Aminex Shifts from PSAs to Royalty Payments in Egypt
Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.
EGAS Begins to Collects Dues Worth EGP 4B
A source at EGAS informed Al-Borsa that the dues owed to the gas holding company has reached EGP 4b with 60% of this sum coming from the government sector alone.
Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda
Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage.
Siemens $1.75b Maintenance Contract Approved
Amwal Al-Ghad reported on Wednesday the Egyptian Cabinet ratified a $1.75b maintenance contract with Germany’s Siemens.
