Egypt | Egypt Oil & Gas - Part 450
Egypt’s Private Sector Allowed to Import Gas
Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said, a step that could encourage private investment in the energy sector while easing ener ...
Egypt to Launch $3bn Tender to Import LNG
Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3bn of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said.
Egypt’s $7.5 Bn PetroChem Project Attracting International Banks
Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximbank).
Petroleum Ministry: No Truth to Rumors of Fuel Price Increase
The Ministry of Petroleum and Mineral Resources denied that it currently had any intention to increase prices of petroleum products.
Sinai and Eastern Desert Tenders Awaiting Security Clearance
The Egyptian Mineral Resources Authority (EMRA) is waiting for a security approval to begin a bidding round for exploration tenders for multiple locations and many different kinds of metals in the Eastern Desert and ...
Adnoc’s Contract to Supply Egypt with Petroleum Products Ends June
In statements made to Al-Bourse, EGPC Head Tariq Al-Mulla announced that EGPC's contract with UAE company Adnoc expires in June, adding that there were no new negotiations with Adnoc to renew the contract.
DEA Reduces Stake in Egypt’s West Nile Delta Concession; Sells to BP
DEA Deutsche Erdoel has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its joint venture partner and operator BP in order to better balance its portfolio.
State-Owned Gas Company Loses EGP 17.3m
Government-owned natural gas projects company Egypt Gas has registered EGP 17.3m losses in the first quarter (Q1) of 2015, compared to EGP 73.1m recorded profits in Q4 2014, the company announced on Sunday.
