Ministry of Petroleum: Petrochemical Plants to be Launched in the New Suez Canal Annex

• Monday, 10th August 2015
• by Egypt Oil & Gas

The Ministry of Petroleum announced that it is working on preparing feasibility studies for a number of refining and petrochemical projects that will be included the new Suez Canal Axis Development plan, reported Dail...

Minister of Petroleum: Natural Gas Linked to New Ismailia

• Sunday, 9th August 2015
• by Egypt Oil & Gas

Sherif Ismail, Minister of Petroleum and Mineral Resources, said in a press release that Sinai Gas had completed the natural gas connection to the city of New Ismailia. He added that this was part of the state’s plan ...

EGPC, Suez Canal, CBE Drowning in Dues

• Thursday, 9th July 2015
• by Egypt Oil & Gas

Tax arrears from the Egyptian General Petroleum Authority (EGPC), Suez Canal and the Central Bank of Egypt (CBE) have reached EGP 35bn, Tax Authority Head Abdel Moneim Matar said on Tuesday. He also noted that the amo...

Ships Collide in Egypt’s Suez Canal

• Sunday, 19th April 2015
• by Egypt Oil & Gas

Two container ships collided in Egypt’s Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said. Traffic resumed after the Danish-...

Italcementi CEO: Moving to Coal and Renewables in Egypt

• Monday, 23rd March 2015
• by Egypt Oil & Gas

Italcementi, Suez Cement’s mother company, is currently focusing on energy source diversification at its Egyptian facilities, the mother company’s CEO Carlo Pesenti told Daily News Egypt. Pesenti said the company will...

Houthis Seek Control of Strategic Strait

• Monday, 9th February 2015
• by Egypt Oil & Gas

Attention is increasingly fixed on the Houthis’ advance in Yemen. Since last summer, the rebel group has laid siege to the capital Sanaa. Last month, they seized the presidential palace. This past weekend, they took o...