Egypt | Egypt Oil & Gas - Part 452

Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel

Egypt's finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products.

Defense Ministry approves tender for gas exploration in Mediterranean

The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to offer a tender for international companies to explore for gas in the Mediterranean Sea fo ...

Egypt studies USD 6 billion oil refining and petrochem projects

Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.

Clean Energy Development in Egypt

Egypt was once an exporter of oil and gas, but now it is struggling to meet its own energy needs. The growth in energy consumption is a response to the country's economic expansion, industrialization, and change in ...

Egypt Seeks to End Fuel Subsidies by 2018

Egypt may gradually scrap subsidies on oil products by 2018, introducing coupons for gasoline and diesel as part of the phaseout, the independent newspaper Al Masry Al Youm reported, citing unidentified officials.

EMG shareholders sue Egypt over treaty violations

International shareholders in East Mediterranean Gas (EMG), the company that oversaw the now defunct Egyptian-Israeli natural gas deal, said on Thursday they were suing the government of Egypt for violating three bil ...

Kuwait Energy Invests $400 Million in Egypt

Kuwait Energy is estimated to have pumped approximately $400 million of investments into the Egyptian petroleum sector, as the company increases exploration and production activities in the country.

Jordan says Egypt gas cuts cost Amman $2 bln

Energy-poor Jordan warned on Monday that cut-offs in unstable Egyptian gas supplies could cost the kingdom more than $2 billion this year.

ExxonMobil work in Egypt suspended amid strike

In front of the factory of ExxonMobil, in the industrial city of the 10th of Ramadan, workers posted banners saying ''No to contracts of forced labour or tyranny,'' and ''The free people of 10th of Ramadan ask for eq ...

Ukraine to increase oil production through development of shelf and fields in Egypt

Ukraine is planning to increase its own oil production, first and foremost, through the development of the Subotynske oil field on the Ukrainian shelf of the Black Sea and oil fields in Egypt, where Naftogaz of Ukrai ...

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