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Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well
Well’s production to be connected to Al-Obayed’s gas processing plant, owned by Dutch Shell
Foreign partners’ share in petroleum fields increases to $750m on monthly basis
Increase in oil prices globally. linking new wells to production are reasons: official
Egypt negotiates Israel gas company to settle $1.75bn arbitration case
Completion of arbitration cases before start of gas transfer to Egypt beginning 2019
Egypt will not repay any amounts in Eastern Mediterranean gas arbitration settlement: Shoaib
Jordan gas line to be utilised to transfer Israeli gas in case of increased quantities
Egypt, Israel energy companies sign $518m deal to buy control of gas exports pipeline
The three companies signed a deal to buy a 39% shares in pipeline owner Eastern Mediterranean Gas Co., according to a statement released by Delek Drilling on Thursday
$3bn saved by Egypt’s gas importation halting in 2018/2019
State paid about $280m monthly, says source
Shell to connect 100m cubic feet of gas from 9B phase to production in October
110m cubic feet decline in gas production from Borollos, Rashid fields, says source
Arrears owed to foreign partners to be fully repaid by end 2019: Minister of Petroleum
No approvals have been granted to the private sector to import gas so far
Monthly oil and gas import bill falls to $550m: Petroleum minister
Egypt achieves self-sufficiency of gas by end of 2018, says El-Mulla
Israel blocks fuel, gas transferring into Gaza despite ceasefire
Crossing is only one between Gaza, Israel for goods transport, along with Egypt’s Rafah
Egypt is keen on boosting cooperation gas-producing neighbours, including Israel
Gas will be peacemaker in region, says petroleum minister
Gas production in first four months of this year amounted to 24.6m tonnes
Osama El Bakly, chairperson of the Egyptian Natural Gas Holding Company (EGAS), said that production of gas in the first four months of 2018 reached about 24.6m tonnes. El Bakly told Daily News Egypt that the volume of natural gas consumption reached 24.9m tonnes, whereby the household, electricity, and industry sector account for most of …
President’s second mandate: Challenges and opportunities
Economic reform policies top issues, political reform hoped for
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Parliament approves oil, gas exploration agreement in North Sinai maritime zones
The Egyptian Parliament’s energy committee approved an agreement for oil and gas exploration in the North Sinai maritime concession area (NOOR) in the Mediterranean Sea. The deal is between the Italian company Eni and the Egyptian Natural Gas Holding Company (EGAS). MP ElSayed Hegazy, a member of parliament’s energy committee, told Daily News Egypt that …
EGAS aims to increase revenues to EGP 2bn next year
The chairperson and managing director of the Egyptian Natural Gas Holding Company (EGAS), Yasser Salah El-Din, said that the company aims to increase its civil and mechanical works to EGP 250m and increase the company’s total revenues to EGP 2bn in 2018/2019. That is a targeted increase in annual business value estimated at EGP 300m. …
Reforms, gas, oil laws attract investments to Egypt: Shell executive vice president
Sami Iskander, Shell executive vice president, said that investment in the oil sector has faced many challenges, notably the decline in prices in 2014 and 2015, but there are indicators of improvement that increase investment opportunities in Egypt, especially after reforms in the sector along with laws on gas and investment that attracted large companies …
Israeli gas imports suspension lawsuit: Another stumbling block to Egypt’s energy hub aspirations
Cairo Administrative Court referred on Tuesday a lawsuit demanding the suspension of the approval of natural gas imports from Israel, for violating the Egyptian Constitution and Law No 196 of 2017 regulating the gas market to the State Council Commissioner Authority (SCCA). The lawsuit alleges that allowing natural gas imports from the “Zionist entity” endangers …
Yorktown to sell Egypt-based oil, gas company Merlon International
The New York-based private equity firm Yorktown Partners is reportedly planning to sell its Egypt-focused oil and gas company Merlon International, Reuters reported on Saturday. According to the reports, the firm aims to raise up to $400m, and the sale will be run by Citigroup, with expected bids planned to be concluded by July. Merlon …
Egyptian oil, gas companies integral part of Egyptian-Jordanian joint cooperation
Jordanian Egyptian Fajr will establish north Jordan gas pipeline to supply Jordanian power stations in 2020
Op-ed review: Trump’s Jerusalem policy, gas deal with Israel
Writers continue to debate political opposition in light of upcoming presidential election
Egypt ‘scored goal’ in becoming regional energy hub: Al-Sisi
Egyptian consumption of gas, diesel, gasoline at $1.3bn per month, says president
No reduction in prices of gas supplied to factories: Petroleum Ministry
Objectors to prices can resort to importing, say sources
Eastern Mediterranean gas hub: source for regional harmony or dissension
The Eastern Mediterranean region has become a hotspot of international energy discussions in the last decade, following a series of large-scale gas discoveries off the coasts of Egypt, Cyprus, and Israel. To utilise such potential, with confirmed reserves of about 2,000bn cubic metres (bcm) of gas, plenty of export and regional cooperation scenarios are being …
Egypt gas sector experiencing renaissance: report
Rising gas production to boost GDP by more than 2.5% over coming years
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …
Investment Ministry cooperates with EBRD to develop Egypt’s gas infrastructure
EBRD’s investments in Egyptian energy projects reached €2.7bn
EGYPS 2018, North Africa’s largest oil, gas industry platform to begin February
EGYPS 2018, North Africa’s largest oil & gas industry platform is scheduled to kickstart in February, in its second annual edition, under the patronage of President Abdel Fattah Al-Sisi. The platform aims to bring together the region’s key stakeholders shaping the energy industry’s future. “With abundant resources, some of the most competitive production costs worldwide, …
Egypt’s mega Zohr field production start record-breaking success: BP, Eni
Egypt’s natural gas production to reach 5.4 bcf/day, says El Molla
First gas import license to be granted in 2018
An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas Market Regulatory Authority will be announced next month, while next month will also see …
Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk structure that qualifies Egypt to become a regional energy hub. It owns the Sumed …