Oil & Gas News
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Sixty percent of Egypt’s gas exports went to Europe
The Egyptian Ministry of Petroleum announced Egypt has exported 60 percent of its natural gas production to Europe for the first time in history.
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Careem, iCheck, and Cargas partner to convert cars to natural gas with payment facilities
iCheck succeeded in converting 1,000 cars to run on clean energy in Sharm El-Sheikh before COP27.
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ADC, Jordanian-Egyptian Fajr company sign natural gas agreement
The first phase of the deal includes supplying 1,800 dunums of the industrial zone with gas at a capacity of 90,000 cubic metres per hour.
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Khaled Abu Bakr, Executive Chairman, Taqa Arabia: Interview
The Egyptian gas network is considered reliable according to Khaled Abu Bakr. In the interview, he talks about his assessment of the future.
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Egypt's Egas issues two new sell tenders
The Egyptian Natural Gas Holding Company, or Egas, has issued two new sell tenders, as weaker domestic demand continues to drive an export boost.
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Egypt, Italy scale up cooperation to boost LNG exports to Europe
Italy’s Eni produces more than 50% of the Egyptian natural gas, El-Molla said.
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ITFC provided the petroleum sector with $10.8B in finances since 2008
the extended cooperation between the ITFC and the Egyptian General Petroleum Corporation (EGPC) began in 2008 by providing up to $200 million per year
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Natural gas reaches Jazirat El Hamoudi village in Qena
This brings the number of villages that the Haya Karima initiative has helped in Qena to 24.
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Natural gas extended to 24 villages in Qena under ‘Decent Life’
He noted that efforts are underway to extend natural gas to other villages immediately after finalizing sanitation projects.
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Egypt, Azerbaijan to boost bilateral energy cooperation
El Molla reviewed the projects being worked on in the field of petrochemicals in Egypt and the opportunities for investment available in the sector.
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El Molla highlights the ministry’s keenness to resolve complaints
The Ministry of Petroleum and Mineral Resources has achieved response and resolution rates in complaints received by the system since its inception.
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El Sisi holds natural gas talks with Eni’s CEO
From his side, El Sisi urged for the expansion of research, exploration and production activities and efforts.
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Egypt’s president orders expanding gas exploration activities with Italy’s Eni
During the meeting, Sisi reviewed Eni’s current and future plans for gas exploration and production in Egypt.
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Eni makes a new gas discovery in Egypt
This discovery proves it right for betting on Egypt’s offshore area, it was also recently awarded other blocks like North Rafah & North-East Al-Arish.
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Wintershall Dea makes new natural gas discovery in East Damanhour block
It should be noted that the Disouq gas project is operated by DISOUCO, a Joint Venture between Wintershall Dea and EGAS.
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Egyptian Oil, Gas exports to increase 30.6% by 2022/23
The WB stated that Egypt’s current account deficit in FY2021/22 narrowed to 3.5% of GDP, compared with 4.4% in FY2020/21.
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Petroleum projects exempted from investment rationalization decision
El Molla added that the companies that entered into partnerships with the Ministry of Petroleum usually cover initial investments in new projects.
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One-year extension for Shelf Drilling jack-up rig in Egypt
The contract for the 1982-built, MODEC-designed jack-up, includes a one-year option period.
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Apex acquires six concessions in Egypt’s Western Desert
Apex also acquired a 25% interest from IEOC in the East Obaiyed concession and will acquire a 25% interest in the South West Meleiha concession.
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Egypt commits to IMF to slow projects, increase fuel prices
In a letter of intent to the IMF dated Nov. 30, the government said it sought the support after the war in Ukraine increased existing vulnerabilities.