BP Announces Second Major Natural Gas Discovery in Egypt’s East Mediterranean

• Monday, 9th March 2015
• by Egypt Oil & Gas

PRESS RELEASE, BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6t ...

EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.

• Monday, 9th March 2015
• by Egypt Oil & Gas

The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014.

New Chinese Investments Worth $250 Million for Petroleum Sector

• Monday, 9th March 2015
• by Egypt Oil & Gas

PRESS RELEASE Sherif Ismail, Minister of Petroleum and Mineral Resources, received a delegation from Star Oil & Gas Limited (SOG), the Chinese partners in the International Drilling Material Manufacturing Co. (IDM) ...

$12 Billion for BP Egypt Gas Development Project

• Saturday, 7th March 2015
• by Egypt Oil & Gas

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

• Thursday, 5th March 2015
• by Egypt Oil & Gas

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

• Thursday, 5th March 2015
• by Egypt Oil & Gas

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

• Thursday, 5th March 2015
• by Egypt Oil & Gas

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

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

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

• Tuesday, 3rd March 2015
• by Egypt Oil & Gas

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

• Tuesday, 3rd March 2015
• by Egypt Oil & Gas

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.