Egypt | Egypt Oil & Gas - Part 442
$12 Billion for BP Egypt Gas Development Project
British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop five trillion cu ft of gas resources and 55 million barrels of condensates.
Petroleum Ministry: Stabilizing Local Production and Import Programs for Butane
Hamdi Abdel Aziz, the Ministry of Petroleum's official spokesman confirmed the stabilisation of domestic production of butane from refineries and fields of production, in addition to the stabilisation of butane imports.
Petroleum and Mineral Projects for March Economic Summit
The Ministry of Petroleum and Mineral Resources announced in a press release the projects that will be presented in the Economic Summit taking place in Sharm el-Sheik on the 13th of March.
New Solar Power Plant Launched in Siwa Oasis
The first solar power plant with a capacity of 10 megawatts will be inaugurated on Thursday in the Siwa Oasis in the Western Desert of Egypt.
Energean to Dig Two Wells by June 2016 in West Kom Ombo
Energean Oil & Gas is launching a new six-million-dollar investment programme in Egypt, aiming to locate a hydrocarbon field in the West Kom Ombo block, which covers an area of 20,948 square kilometres.
Egypt Revises Debt Payment Plan for Oil Companies
Egypt aims to fully repay its $3.1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry.
Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments
The Egyptian Arab Land Bank ( EALB ) contributes $14 million to the state-owned Egyptian General Petroleum Corporation (EGPC)'s loan, chairman Abdel Meguid Mohy El-Din told Amwal Al Ghad on Sunday.
Oil Minister: New LNG Import Deals for Egypt Expected
Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total, and is close to paying BG Group more for the gas it produces offshore, its oil minister said on Monday.
