Latest in Tag: Gas Highlight
Latest in Tag: Gas

Shell, Apache to start first shale gas production next February: EGPC Chairman
Second well in Apollonia field to be linked to national gas network in 2H of 2016

Court acquits SPAP members of protest charges in Al-Sabbagh case
“Verdict proves that police intentionally used force without necessity,” says defence lawyer

Cabinet poll claims 67% of Egyptians believe country is heading in right direction
Despite deteriorating security situation, the poll claims to find supportive public opinion

60m cubic feet monthly gas production cannot be compensated: EGAS official
Egypt’s current production is at 4.35bn cubic feet, says senior official

Technical studies for Cypriot gas imports to be finished by June
Private sector may participate in deal, Gas Utility Regulatory Authority will issue importing licences

700m cubic feet of gas to be imported daily from Cyprus by 2017: EGAS
Marine pipeline will be established to Aphrodite field within three years

Al-Sisi signs cooperation agreement with Greece, Cyprus
Foreign Ministry official criticises Al-Sisi while on European tour, Al-Sisi tells Spanish newspaper he has prevented Egypt from descending into civil war

EGAS studies preparing Adabiya Port to receive 2nd gasification ship
The official added that the second ship will have more than 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume will reach 140,000 to 170,000 cubic feet.
Petroleum Ministry owes EGP 100bn to Finance Ministry
Petroleum agreements add interest rate on dues of government’s partners
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …

Government should repay all fuel dues to foreign partners: Official
An oil company official said the government should repay full dues to foreign partners and approve gas price amendments that have been agreed upon to stimulate investments in the sector. Egypt will face stability in oil and gas production rates during fiscal year 2015/2016 as a result of a number of companies reducing their investments, …

Egypt, Jordan sign gas sector MoU: Petroleum ministry
Discussions held on expanding Iraqi gas pipelines to reach Egypt through Jordan to benefit from Iraq’s oil and gas supply
$23.5bn agreements signed in oil, gas, mining sector at Summit
Largest contribution in the sector made through BP
BG to sign petroleum deal worth $4bn
British Gas (BG) is set to sign a deal with the Egyptian government on Sunday during the Economic Summit, with investments estimated at $4bn. The company received $350m from the Egyptian government, after the latter’s decision to pay its delayed debts to foreign energy companies. Egypt delayed paying the dues for oil and gas companies …

Dana Gas to pump additional $350m in Egypt until 2018
Gas output to increase by 170mn cubic feet per day by 2017

BG says it believes Egypt’s debts will be paid off
BG looks forward to continuing over 25 years of investments in the country

Negotiations with Eni to execute $5bn project in next 3 years: Petroleum Minister
695,000 barrels of oil production, 4.7bn feet of gas daily for FY 2015/2016

Mehleb blames ‘mobs’ over butane gas crisis ahead of Economic Summit
LPG cylinder shortage has been increasing since beginning of 2015
Israel confirms negotiations continuing over Egypt’s supply gas
A petroleum ministry delegation visited London, and secretely met Noble and Delek representatives, says official

BP signs project developing 5tn cubic feet of gas resources
West Nile Delta project underlines BP’s commitment to Egyptian market, company said
$6bn foreign company investments in FY 2015/2016: El Molla
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.

In Video: Egypt oil and gas conference discusses energy issues
Video by Omar Korashi and Mohamed Anwar
Petroleum Ministry, EGX negotiations to fund, structure oil companies: Minister
We are studying ways to benefit from EGX to structure companies needing financial development without burdening state treasury, says Sherif Ismail

Mediterranean gas import negotiations resume: EGAS Chairman
Egypt is said to have signed an agreement with Cyprus to buy natural gas to fulfil the local market’s needs.

Petroleum ministry informed ahead of Israel gas negotiations: BG
Arafa held meeting with petroleum officials to discuss importing gas from Tel Aviv to Egyptian plants, official says

Dana Gas daily production in 2014 was 40,000 barrels of oil
Company’s CEO describes the latest development as “game-changing”

ITG close to agreement with oil companies to recycle electronic waste
We aim to recycle 100 tonnes a month during 2015, says CEO

Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi
Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms

Al-Sisi in Abu Dhabi for high-stakes energy summit
UAE allocated more than $10bn in development aid to Egypt in 2014 alone, says Emirati Embassy in Cairo
35% expected savings in petroleum subsidies due to low oil prices: Petroleum minister
Consultations to take place with Iraq to receive Iraqi oil, negotiations will decide amount, timing, and price