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$6bn foreign company investments in FY 2015/2016: El Molla

  /  February 25, 2015  /  Business  /  No Comments

Total foreign investment, which is being pumped this year, is estimated at $7.5bn.

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BG delays linking 150m cubic feet daily for production to 2016

  /  February 18, 2015  /  Business  /  1 Comment

Foreign partners postpone linking several wells until end of re-pricing with government, says EGAS

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Petroleum ministry signs contract with Gazprom for 35 gas shipments

  /  February 10, 2015  /  Business  /  No Comments

Sonatrach delegation to visit Egypt by end of week to negotiate supply quota from 2016 to 2020

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No increase in Egypt’s gas production in FY 2015/2016: EGAS

  /  February 8, 2015  /  Business  /  No Comments

Foreign companies to postpone linking of wells before re-pricing, decline of 1.2bn cubic feet in annual gas production in fields

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Mediterranean gas import negotiations resume: EGAS Chairman

  /  February 2, 2015  /  Business  /  No Comments

Egypt is said to have signed an agreement with Cyprus to buy natural gas to fulfil the local market’s needs.

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Petroleum ministry informed ahead of Israel gas negotiations: BG

  /  February 1, 2015  /  Business  /  No Comments

Arafa held meeting with petroleum officials to discuss importing gas from Tel Aviv to Egyptian plants, official says

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Electricity ministry owes EGAS EGP 53bn for gas deliveries: EGAS Chairman

  /  January 31, 2015  /  Business  /  No Comments

The Ministry of Electricity demanded a maximum of approximately 149m cubic metres of daily gas to stations during the summer, says Abdel Badie

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Initial agreement with Gazprom for 35 LNG shipments: Petroleum minister

  /  January 13, 2015  /  Business  /  No Comments

Delegation from Sonatrach will visit Egypt at the end of January to negotiate quantities to supplied from 2016-2020

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$2.7bn needed to complete Egyptian Refining Company project implementation: Commercial Director

  /  January 12, 2015  /  Business  /  No Comments

Contract signed to supply diesel production to EGPC at global prices for 25 years

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Gas supplies to cement plants permanently stopped, fuel oil sent instead: EGAS

  /  January 11, 2015  /  Business  /  No Comments

Operating Helwan, Al-Qawmeya, and Al-Katameya plants only due to their link to Gharadiq field

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Transport ministry, Suez Canal Authority reject Port Said pier allocation to import gas: Petroleum ministry

  /  January 10, 2015  /  Business  /  No Comments

Ain Sokhna port to accommodate two ships, as Port Said is not economically feasible, says Dahi

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Idku plant LNG exportation collapses 2014: BG official

  /  January 4, 2015  /  Business  /  No Comments

Decrease gas production and domestic market needs cause sharp exportation decline

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Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn

  /  December 16, 2014  /  Business  /  1 Comment

Fuel oil, which is supplied into markets, is currently not subsidised, says expert

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EGAS to link 16 gas production wells during FY 2014/2015

  /  December 16, 2014  /  Business  /  2 Comments

Total local production to increase by 200m cubic feet

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Offers received from BP, Vitol, Trafigura, and Golar LNG for gas import tender: EGAS

  /  December 15, 2014  /  Business  /  No Comments

A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies. The official added that read the rest…

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EGAS to launch international tender to import 500m cubic feet of gas daily

  /  December 10, 2014  /  Business  /  No Comments

Second LNG vessel to be received in Port Said by next March

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Talks underway with Cyprus to import gas through marine pipeline: Ismail

  /  December 9, 2014  /  Business  /  No Comments

In a press statement, Ismail said that a delegation from the Egyptian Natural Gas Holding Company (EGAS) was sent to Cyprus to conduct technical discussions on the subject.

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Fuel oil supplies non compliant with specifications behind increased summer electricity

  /  December 6, 2014  /  Business  /  1 Comment

The source said that during the summer, fuel suppliers offered fuel at $600 per tonne, with sulphur rates higher than required in the bid.

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Petroleum ministry to add 80m cubic feet of gas to production daily throughout December

  /  December 3, 2014  /  Business  /  3 Comments

Two wells owned by Petrobel will be connected this month, with each well producing 40m cubic feet of gas per day

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Gas exploration bid to be offered early 2015 in 11 areas

  /  December 2, 2014  /  Business  /  1 Comment

Three areas in the Delta and eight in the Mediterranean Sea will be offered by EGAS for exploration and research

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Continuing decline in Brent prices positively impacts Egyptian economy

  /  December 1, 2014  /  Business  /  1 Comment

“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla

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Petroleum ministry refuses to adjust gas prices for North Alexandria BP Project

  /  November 30, 2014  /  Business  /  2 Comments

Expectation BP will not abide by its commitment to begin production by 2017

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Government hopes to pay full debts owed to foreign partners over coming 6 months

  /  November 25, 2014  /  Business  /  No Comments

Debts owed to foreign companies have plagued all governments since 2008

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Dana Gas signs agreement with petroleum ministry to increase gas production

  /  November 25, 2014  /  interviews  /  No Comments

$270m in investments over seven years to increase production, company will be repaid all dues by 2018

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Petroleum ministry to open bids for shale gas exploration in 4 areas in Western Desert

  /  November 22, 2014  /  Business  /  1 Comment

Agreement with foreign partners to increase duration of projects to more than 20 years, says EGAS official

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Government to re-pump gas to EBIC

  /  November 18, 2014  /  Business  /  No Comments

EGAS pumps 60% of factories’ fuel needs after Sawiris donates EGP 2.5bn to Long Life Egypt fund

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British Gas postpones project due to late payment of government dues: Egygas official

  /  November 18, 2014  /  Business  /  1 Comment

Extension of Borollos fields project delayed until early 2016, claims official

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Gaz de France, British Gas to sign agreement to link West Borollos field to Delta processing station

  /  November 16, 2014  /  Business  /  1 Comment

The French energy group will add 100m cubic feet of production by 2018

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EGPC will bear LNG import expenses through June: El Molla

  /  November 10, 2014  /  Business  /  No Comments

The Ministry of Petroleum faced a financing crisis for LNG shipments for the coming year due to the Ministry of Finance’s refusal to provide the necessary financial liquidity.

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Shell will not proceed with deep water research, exploration in Egypt

  /  November 9, 2014  /  Business  /  1,613 Comments

Shell and Apache to conduct experiments on shale gas production in the Western Desert

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