Petroleum Minister: 40% Price Increase for DEA Extracted Gas

• Monday, 23rd March 2015
• by Egypt Oil & Gas

Egypt has agreed to pay Germany-based DEA 40% more for the natural gas it extracts in the Nile Delta Desouk region, the oil ministry said on Monday. The agreement marks the latest move by Egyptian authorities to impro...

Russian Billionaire Mikhail Fridman Buys RWE DEA Production Unit

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

German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday. The terms...

Iran oil exports to Germany halted: reports

• Thursday, 12th April 2012
• by Egypt Oil & Gas

Iranian oil exports to Germany have stopped and imports of EU products have been reduced as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday. “Iran has ceased ...