The Egyptian Cabinet headed by Eng. Sherif Ismail, is considering adjusting natural gas prices of some agreements signed with foreign oil companies operating in the Egyptian petroleum sector.
Qatar has officially inaugurated its $1.5b Laffan Refinery 2 (LR2) in Ras Laffan, which has a capacity to refine 146,000b/d of condensate from the North Field.
According to Meed Insight’s Mena Oil and Gas Report 2017, about $294b of oil, gas, and petrochemicals projects are in the pre-execution phase across the countries in the Middle East and North Africa (MENA) region.
The Egyptian oil and gas sector has established the main portage of the pipeline designed to pump natural gas to the industrial zone located in East Qantara City.