Egypt | Egypt Oil & Gas - Part 470

BP Egypt announces Seth first gas

On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.

RWE Sale of Egypt Gas Assets Said to Stall Amid Turmoil

A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country's turbulent political transition deters potential buyers from bidding for the German utility's offshore gas fields there, according to people ...

Apache Spuds Dry Hole in Sallum

American operator Apache Corporation drilled a new exploratory well last march, situated in the Western Desert. The operation comes in consistence with Apache's drilling plan for the 2011-2012 fiscal year.

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.

Page 470 of 474

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