petroleum | Egypt Oil & Gas - Part 9
Egypt’s Natural Gas Production to Drop by 3.6% in 2017/2018
Egypt’s Petroleum Ministry expects the country’s natural gas production to drop by 3.6% to 4.85 bcf/day in FY 2017/18 from 5.03 bcf/day in FY2014/15, while demand is expected to rise by 24% from 5.98 bcf/day to 7.42 ...
Industry Leaders Meet to Plan Production Optimization Convention
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
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
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
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
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
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
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.
