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You are here:  Home  >  Articles by Mohamed Adel
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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  /  688 Comments

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

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Tender to be offered for $1.5bn loan this November: El Molla

  /  November 8, 2014  /  Business  /  No Comments

Ministry hopes to pay nearly $1bn of debts to foreign partners by year-end, says EGPC chairman

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EGAS, Hoegh sign LNG agreement

  /  November 3, 2014  /  Business  /  No Comments

Norwegian firm beats Malaysian, American and Dutch companies to win international tender

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EGAS has suspended gas supplies to EBIC since August

  /  November 2, 2014  /  Business  /  No Comments

Ministry of Petroleum gives priority to fertiliser factories that sell on local markets

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No agreement reached for LNG arrivals by end of 2014

  /  November 1, 2014  /  Business  /  No Comments

Government delayed signing with Hog Energi, led to lack of supply during September, says Ministry of Petroleum

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Marina tourist centre tender to take place early 2015: Housing minister

  /  October 29, 2014  /  Business  /  No Comments

Ministry planning to build 100,000 hotel rooms for tourists in north coast

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No backtracking on rice exports at EGP 2,000 per tonne

  /  October 29, 2014  /  Business  /  No Comments

Expected returns set at $1bn for exporters and $280m in returns for state due to export fee

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Sanmar aims for increased Egyptian investments in Egypt

  /  October 29, 2014  /  Business  /  No Comments

Company projects approximately $1.3bn investment and $150m injected into expansion of PVC production for 2015

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Carbon Holdings negotiating $400m Emirati investment in Tahrir Petrochemical Complex

  /  October 27, 2014  /  Business  /  No Comments

UAE may donate shares in the project to Egyptian government

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Government jeopardising EGPC finances: Petroleum ministry source

  /  October 25, 2014  /  Business  /  No Comments

Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official

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Government negotiates with Apache and British Gas to gas prices adjustments

  /  October 19, 2014  /  Business  /  No Comments

The Ministry of Petroleum is engaged in negotiations with British Gas, Apache, and other foreign companies to adjust gas prices for new projects linked with production in the near future. A senior official with the read the rest…

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EGPC offers tender for loan this month to pay a portion of dues to foreign oil and gas companies

  /  October 13, 2014  /  Business  /  No Comments

Petroleum ministry aims to pay $2bn-3bn of foreign dues by year-end

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At least 4 solar power stations to be established for government institutions to work with renewable energy – tenders out for 4 more : Onera chairman Wael El Nashar

  /  September 28, 2014  /  interviews  /  No Comments

Amid Egypt’s energy crisis and worsening power outages, the government has indicated that new and renewable energy could be part of the solution. The Daily News Egypt conducted an interview with Wael El Nashar, board read the rest…

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