Oil | Egypt Oil & Gas - Part 39

Islamic State Selling Oil “Through Turkey”

The Islamic State (IS) is selling most of its illegally acquired oil through Turkey and Kurdish areas, according to a former counterterrorism officer with the Central Intelligence Agency, reported Russia Today.

Stiff Sentences for Nigerian Fuel Smugglers

Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.

PetroSA CEO Under Investigation in South Africa

South Africa's state oil company PetroSA said on Friday it had terminated its CEO’s contract

BP Beats Profit Estimates for Q3, Boost by Refining.

British oil major BP beat profit estimates for its third quarter earnings report,

Energean Appoints New Country Manager Egypt

Energean Oil & Gas, an exploration and production company focused on the Mediterranean and North Africa, has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt, reported Oil & Gas Financial Journal.

GPC to Boost Production by 5,000 b/d

Ahmed Jiddawi, Chairman of the General Petroleum Company (GPC) production department, said that his company has devised a new production plan meant to up production to approximately 5000 b/d of crude oil. This was af ...

Tarek El Molla: Egypt to Issue New Bid Rounds Soon

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry plans to issue several bid rounds for exploration throughout the year, by EGAS, EGPC, and Ganoub El Wadi petroleum holding company, ...

Tarek El Molla: Egypt to Continue Gas Imports for 5 Years

Tarel El Molla, Minister of Petroleum and Mineral Resources, said that that petroleum sector continues importing natural gas for the coming 5 years to meet the needs of electricity, and the local market, reported Egy ...

Energean Oil & Gas to Start Seismic Surveys in West Kom Ombo

Energean Oil & Gas has appointed AGS–Afro to conduct a 2D seismic survey in its West Kom Ombo concession area, in support of the company’s new $6m investment program in Egypt.

OPEC Driving US Shale Downturn

The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg

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