Oil & Gas News
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Egypt signs oil and petroleum agreements worth $506 million
The agreements are for exploration and production in its eastern desert and western deserts with TransGlobe Energy Corporation and Pharos Energy.
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Egypt inaugurates largest petroleum complex in Upper Egypt
The Assiut Gasoline Production Complex is “one of the state’s strategic projects, within the framework of development plans in Upper Egypt.
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Egypt is key LNG supplier to Turkey in 2021
Egypt is a key supplier of liquefied natural gas (LNG) to the Turkish market, with seven cargoes shipped in the fourth quarter of 2021.
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States of East Mediterranean Gas Forum against climate change
The state members of the East Mediterranean Gas Forum (EMGF) agreed to cooperate to develop initiatives addressing climate change ahead of COP27.
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Egypt’s non-oil commodity exports jump by 40%
Egypt’s non-oil commodity exports rose by 40 percent in the first nine months of 2021 to record USD 29.7 billion, compared to the USD 21.2 bln in 2020
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Egypt, Israel sign MOU to increase gas supplies
Egypt and Israel signed on Thursday a Memorandum of Understanding (MoU) to increase natural gas supplies from Israel to Egypt for re-export.
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Egypt's non-oil exports to EU rise by 38%
The hike was the result of high demand on Egyptian products from 23 European countries, most notably Italy, Spain, Germany, and the Netherlands.
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Eni announces 3 new oil and gas discoveries in Egypt's Western Desert
All of the three wells add a total production of about 6000 barrels of oil equivalent per day.
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Egypt, Greece discuss green economy, sustainable development
Egypt and Greece organized the Mediterranean Forum for Green Economy and Sustainable Development “Circle the Med”, from 18 to 22 October.
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Egypt constructs gas pipeline in Western Desert
Egypt has started the construction of a gas pipeline in the Western Desert with an expected capacity of 15 million cubic feet of gas per day.
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Dana Gas’s KRI, Egypt collections double
Its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED938 million).
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Egypt’s cooperation in oil sector records $1.12bn
Egypt’s Ministry of International Cooperation's development cooperation portfolio includes six projects in the petroleum sector.
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Egypt increases gasoline prices by 25 piasters per litre
The prices of industrial-use mazut and the diesel fuel were kept unchanged.
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Egypt announces settling of claims over restarted Damietta LNG plant
Last month, Egypt's petroleum minister had announced the restarting of the plant.
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Egypt’s Petroleum Minister, BP discuss joint business, international oil prices
BP’s Dev Sanyal affirmed company’s confidence in Egypt's investment-attracting climate.
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Egypt, Iraq discuss reconstruction program for oil exchange
Egypt is discussing contributing to Iraq’s reconstruction program in exchange for oil and contracting companies into the Iraqi market.
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Eni and BP announce new gas discovery in Egypt
The discovery is in the Abu Madi West Development Lease at the Greater Nooros region, with initial reserves of over four trillion cubic feet of gas.
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Egypt brings online new crude pipeline at al-Hamra port
The Hamra petroleum port lies around 120 kilometers west of Alexandria, Egypt’s second-largest city, and is run by the Western Desert Operating Petrol
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UAE's Dana Gas pledges proceeds of Egypt sale to repay sukuk
The sale of Dana’s exploration and production assets in Egypt could be complicated by the recent plunge in oil prices.
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Egypt did not import any liquefied natural gas in 2019
Egypt stopped importing LNG in September 2018 after major discoveries of gas fields in Egyptian territory in recent years.