Industry Leaders Meet to Plan Production Optimization Convention

• Monday, 26th January 2015
• by Egypt Oil & Gas

Several prominent figures from the oil and gas industry met last week once again for the Production Optimisation Convention steering committee, organised by Egypt Oil & Gas and is taking place in April.

Mostorod Refinery Project to Utilize $2.7 Billion in 2015/2016

• Tuesday, 13th January 2015
• by Egypt Oil & Gas

Approximately $2.7 billion will be utilised throughout 2015 and 2016 to complete the implementation of the Egyptian Refining Company’s (ERC) project in Mostorod, according to Wael Al-Orabi, the company’s Commercial D ...

Saudi and Venezuela Work Together to Recover Falling Oil Prices

• Monday, 12th January 2015
• by Egypt Oil & Gas

Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco To ...

35% Savings on Petroleum Subsidies Due to Oil Prices Decline

• Monday, 12th January 2015
• by Egypt Oil & Gas

Savings on petroleum product subsidies will reach an estimated 35% of the current value of EGP 100 billion for the FY 2014/2015 budget if current oil prices continue as is, Minister of Petroleum Sherif Ismail said.

Eni Signs New Concession Agreement in The Western Desert

• Sunday, 11th January 2015
• by Egypt Oil & Gas

Italy's Eni has signed a new concession agreement to operate in the South-West Melehia block in the Western Desert of Egypt, as Cairo continues to look to international operators to boost its flagging production.

Transport Ministry and Suez Canal Authority Refuse to allocate Port Said Pier for LNG Boat

• Sunday, 11th January 2015
• by Egypt Oil & Gas

A senior Ministry of Petroleum official said the Ministry of Transportation and Suez Canal Authority refused to allocate a pier at Port Said to receive a second regasification boat. The boat would allow shipments of ...

Kuwaiti Oil Drops to $47.36

• Wednesday, 7th January 2015
• by Egypt Oil & Gas

The price of Kuwaiti oil went down by $3.99 Monday to $47.36 per barrel compared to $51.35 last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.

Electricity Sector’s Debts Repayment to Petroleum Ministry Scheduled

• Tuesday, 6th January 2015
• by Egypt Oil & Gas

Egypt's Petroleum and Electricity Ministries have reached an agreement to reschedule debts owed to the Ministry of Petroleum by the electricity sector in the upcoming months. The debts have reached EGP 44 billion.

Dana Petroleum appoints new Managing Director in Egypt

• Wednesday, 24th April 2013
• by Egypt Oil & Gas

Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business.

Editorial Retraction: Error in January Issue Regarding Vega Petroleum Limited

• Sunday, 3rd February 2013
• by Egypt Oil & Gas

Vega Petroleum Limited (VPL), a privately owned exploration and production company, established in the British Virgin Islands with its principals from the Middle East, announced today that it has successfully receive ...