gas | Egypt Oil & Gas - Part 27
Ezz Steel Records $71m Net Loss between January and September
Ezz Steel, Egypt’s largest steel producer had a net loss of EGP 559.1m ($71.4m) between January and September 2015 due to currency and energy shortages.
EGAS: Gas Fulfillments to Fertilizer Plants Return to 100%
EGAS announced that the gas capacity pumped to fertilizer plants has been restored to 100% of fulfillment of contractual obligations, after dropping to 85% due to reduced capacity in the national gas network.
Tanzania Attracts Investors over Gas-to-Power Project
Several potential investors have shown strong interest in 600 MW gas-to-power project in Mtwara, Tanzania, run by a US-based Company, Symbion Power.
Turkey-Israel Rapprochement Targets Mediterranean Gas
Turkey and Israel have outlined contours of a long-delayed deal to repair their diplomatic ties after a five-year rift, paving the way for a bilateral agreement on Mediterranean gas pipeline.
Netanyahu Approves Leviathan Deal on National Security Grounds
Israeli Prime Minister, Benjamin Netanyahu signed a deal giving final approval for the development of the Leviathan natural gas field off Israel's coast.
Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects
Oman Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex.
Egypt-Israel Suit to Be Resolved through Negotiations
The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
Nigeria Approves $2b Fuel Subsidy, NNPC Advocating Deregulation
Nigeria announced it had approved a $2b (N407.07b) fuel subsidy package, including payments to oil marketers for accrued arrears from the two fiscal years, 2014 and 2015.
