Egypt | Egypt Oil & Gas - Part 442
Petrojet Wins $185m Contract for Iraq Gas Project
Egypt’s state-owned Petrojet has been awarded a $185m contract to build the first gas-processing plant for Iraq’s Siba oilfield, operated by Kuwait Energy, reported Amwal al Ghad.
MIDOR Signs $1.4 bn Deal to Expand Refinery
Egypt’s state-run petroleum refinery MIDOR has signed two deals worth $1.4 billion with US-based engineering company UOP to raise its capacity.
Egypt’s Bond Rating Upgraded to B3
For the first time since 2012 credit ratings provider Moody's upgraded the Egyptian government's bond rating to B3.
Egypt to Export Gas by 2020
With all the news on Egypt's struggles to meet its own energy needs Prime Minister Ibrahim Mahlab announced that Egypt has a well-defined future energy strategy.
UPDATE: New Well a Success in Western Desert, States Kuwait Energy Press Release
Kuwait Energy ("the Company") an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the exploration well ASH- ...
Egypt Stocks Fall as Yemen Conflict Escalates
Egypt stocks plummeted on Sunday for the second consecutive session as the regional conflict in neighbouring Yemen pushed local investors to sell.
Chairman of Egypt’s EGAS Visits Cyprus to Discuss Gas Imports
Egypt and Cyprus have activated the exchange of information between the two sides to start the technical and economic studies for the marine pipeline importing gas from Cyprus’ Aphrodite gas field.
Industry to Issue New Operating Licenses amidst Energy Crisis
The Ministry of Industry and Foreign Trade announced yesterday that it is working on new regulations for issuance of operating licenses for the steel and cement industries.
