Egypt | Egypt Oil & Gas - Part 450
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.
Egyptian Investment Minister Expects FDI to Double, Promises Greater Reforms
Egypt expects the amount of foreign investment it attracts to double to $8 billion this fiscal year and is preparing a string of reforms to raise that further in coming years, its investment minister said on Monday.
EFG Hermes To Invest $100 Million in Egyptian Renewable Energy
The Egypt-based major investment bank EFG Hermes Holdings intends to make investments worth $100 million in renewable energy in Egypt, a top company official said.
Ministry to Increase LPG Cylinders Supply by 150%
Petroleum Minister Sherif Ismail has agreed to increase the pumping of Liquified Petroleum Gas (LPG) rates to 150% to resolve the crisis of LPG cylinders in many governorates, said Supply and Internal Trade Minister ...
Ganoub El-Wadi Makes New Oil Discovery
Ganoub El Wadi Petroleum Holding Company announced a new petroleum discovery 30 km from Hurghada.
