Red Sea | Egypt Oil & Gas - Part 5
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast, Reuters reporte...
Egypt to Offer First E&P Bid Round for Red Sea
Egypt will launch the first oil and gas exploration and production (E&P) bid round in the Red Sea before the end of 2018 upon seismic reflection data processing, said Minister of Petroleum Tarek El Molla, accordin...
Egypt Expects $10B Petroleum Sector FDI in FY 2018/19
Egypt expects foreign investors to pump $10 billion in foreign direct investment (FDI) into the country’s petroleum sector in FY 2018/19, oil minister Tarek El Molla told El Watan. The minister said that the sec...
Saudi Arabia Reopens Red Sea Shipping Lane
Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb , Reuters reported on August 4. The kingdom temporarily halted petroleum shipments through the lane after two oil tankers were attacke...
Ministry of Petroleum to Offer New Exploration Tenders
Minister of Petroleum Tarek El Molla announced on July 31 that the ministry is planning to increase investment opportunities for oil and gas exploration by offering new tenders for the Red Sea and West Mediterranean a...
Saudi Arabia Halts Red Sea Shipments After Houthi Attack
Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen’s Houthi movement, Reuters reported. Two very large crude carriers (VLCCs), each with a ca...
Winner of Hamrawein Power Plant Tender To Be Announced June 13
The Ministry of Electricity will announce on June 13 the winning consortium to build the 6,000-megawatt coal-fired power plant in the Red Sea port of Hamrawein, an official source at the ministry told Amwal Al Ghad. T... TGS Completes Red Sea Seismic Survey
TGS has finished collecting data from a 10,000-km 2D seismic survey in Egypt’s Red Sea, Offshore Magazine reported. The company is expected to present the final data in December 2018. The survey was conducted in line ...
