Rasheed | Egypt Oil & Gas

Natural Decline of Burullus, Rasheed Fields to Reach 10 mmscf

The production of Burullus and Rasheed natural gas fields is to decline to 10 million standard cubic feet (mmscf) monthly, as estimated by the Egyptian Natural Gas Holding Company, due to delays in fields’ devel...

BP to Produce 600mcf of Gas in Northern Alexandria

The British Petroleum (BP) intends to produce 600mcf of gas per day from Taurus and Libra fields in Northern Alexandria by the end of April. BP will pay 30 cents for each million cubic feet processed for the station o...

Shell Cut Burullus, Rasheed Investments

A source from the petroleum sector stated that Royal Dutch Shell reduced its investments in Burullus and Rasheed gas fields to $158.9m for maintenance and operating expenses over the current fiscal year, reported Dail...

Egypt’s El Beheira Governorate Mulls Solar Projects

The Egyptian governorate of El Beheira has received offers to construct solar energy power plants in Wadi El Natrun and Rasheed worth EGP 1.7b, with capacities ranging from 20 MW to 50 MW, over the course of two years...

Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b

The total amount of dues that are owed by the Egyptian Ministry of Petroleum to British Gas (BG) and Shell, in return for their shares in the gas produced at El-Borollos and Rasheed fields, have increased to $1.1b, fr...

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