SH | Egypt Oil & Gas - Part 14
EGAS Announces Results of Mediterranean Bid Round
EGAS announced the result of the 2015 international exploration Mediterranean bid round, reported Egypt Oil & Gas. The results include four bids for four blocks in the Mediterranean, with a total investment of $30...
Ministry of Petroleum: Strategic Gasoline Reserves Enough for 15 days
In a statement to Egypt Oil & Gas, Hamdi Abdel Aziz, the Ministry of Petroleum’s official spokesman, confirmed that the country’s strategic reserve of gasoline is sufficient for 15 days. He added that curre...
Ministry of Petroleum Offers Incentives to Investors
In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors. Of these measures, one of the most imp...
250,000 Households to Be Connected to National Gas Grid in 2015
In a statement made to Egypt Oil & Gas, an EGAS official reveled that connecting 250,000 households to the national gas grid is in progress, and to be finalized during the current year. This move comes as part of ...
Tarek El Molla: Energy is the Engine for Development and National Aspirations
Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that there were priorities laid out by the petroleum sector, such as onshore and offshore exploration, especially in the deep layers in the Nile Delt...
Egypt Saved EGP 30b as Oil Prices Dip
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the current global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the governm...
EGAS to Resume Gas Supply to Factories Gradually
EGAS still is refraining from supplying to MOBCO, Misriya 1 and 2, Nasr, Helwan, Alexandria, and APEC fertilizer factories thanks to the continued rising fuel demands of power plants, an EGAS official explained in st...
Amr Mostafa: Fuel Strategic Reserve Partially Depleted
In a statement made to Egypt Oil & Gas, EGPC Vice Executive Chairman for Operations, Amr Mostafa said that while the quantities of fuel pumped to stations during the feast (Eid-Al-Adha) were sufficient to meet the...
