Latest in Tag: Ministry of Petroleum Highlight
Latest in Tag: Ministry of Petroleum
Agreement signed converting 2,000 cars to run on natural gas
210,000 cars running on natural gas, 180 supply stations and 74 conversion centres created between 2012 and 2014
Dana Gas could delay Egypt’s payment of dues: CEO
Egypt still owes $165m to Dana, Patrick Allman-Ward says
Initial agreement with Gazprom for 35 LNG shipments: Petroleum minister
Delegation from Sonatrach will visit Egypt at the end of January to negotiate quantities to supplied from 2016-2020
Transport ministry, Suez Canal Authority reject Port Said pier allocation to import gas: Petroleum ministry
Ain Sokhna port to accommodate two ships, as Port Said is not economically feasible, says Dahi
Algeria’s Sonatrach to send Egypt 6 gas shipments in 2015
Each shipment will comprise 125,000 cubic metres of LNG
Fuel oil supplies non compliant with specifications behind increased summer electricity
The source said that during the summer, fuel suppliers offered fuel at $600 per tonne, with sulphur rates higher than required in the bid.
Petroleum ministry to add 80m cubic feet of gas to production daily throughout December
Two wells owned by Petrobel will be connected this month, with each well producing 40m cubic feet of gas per day
Petroleum ministry refuses to adjust gas prices for North Alexandria BP Project
Expectation BP will not abide by its commitment to begin production by 2017
British Gas postpones project due to late payment of government dues: Egygas official
Extension of Borollos fields project delayed until early 2016, claims official
Project to convert cooking oil into diesel to be announced this month: Hanafy
The minister highlighted that the money owed to foreign partners has reached $4.9bn.
Shell will not proceed with deep water research, exploration in Egypt
Shell and Apache to conduct experiments on shale gas production in the Western Desert
No agreement reached for LNG arrivals by end of 2014
Government delayed signing with Hog Energi, led to lack of supply during September, says Ministry of Petroleum
Government jeopardising EGPC finances: Petroleum ministry source
Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official
Government negotiates with Apache and British Gas to gas prices adjustments
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 Ministry of Petroleum revealed that negotiations are underway with British Gas to re-price gas for the B9 stage project. This …
New mining law violates constitution: Federation of Industries
Federation claims law overlooks opinion of civil and industrial society experts and scholars in mineral resources
Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
Petroleum companies operating in Egypt have reduced gas production: Ministry report
Delayed payment of debts to foreign partners threatens Egyptian gas production, says report
World Bank approves $500m loan for home gas delivery
The Ministry of Petroleum is looking to increase domestic natural gas usage to ration butane consumption, which makes up a large portion of subsidies on petroleum products.
Government adjusts gas price from ‘Desouq’ project
130m square feet of gas to be linked to national gas grid in September 2014
Raising fuel prices increases corruption and burden on the poor: Petroleum expert
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
EGAS to offer limited international tender on gas for electricity imports
The tender will be awarded before the end of the year for the gas supply to begin in January 2015.
EIEC launches campaign urging Egyptians to lower electricity consumption
The initiative aims to decrease electricity consumption in households, commercial and industrial sectors by 20% this summer
Government agencies owe Ministry of Petroleum over EGP 150bn
Debts owed to the Ministry of Petroleum by other government agencies decreased to approximately EGP 156bn at the end of March, compared to EGP 172bn in February, after the Ministry of Finance paid part of its debts
Egypt obtains Russian gas at lower prices
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia
Egypt imports 12 shipments of liquid gas, averaging $17 per 20m BTUs
One shipment is about 170,000 cubic metres.
Government forced to import coal to fend off 2018 gas production crisis: Ministry of Petroleum
Egypt owes foreign partners $6bn to foreign partners for research and development in oil and gas
Petroleum ministry prepares bourse listing of new petrochemicals companies
By Muhammad Adel After amending the listing rules of companies in the Egyptian stock exchange, the Ministry of Petroleum is preparing an initial public offering (IPO) of new petrochemicals companies, said Samir Azer undersecretary of the Ministry of Finance. Following a meeting between Minister of Petroleum Sherif Ismail and chairman of EGX Mohamed Omran, the …
Ministry of Petroleum requests $4bn to import fuel for power plants
12 shipments of liquefied gas represent only 3% of one day summer’s consumption
Nile Delta natural gas well starts production
Field is part of the Disouq natural gas project in northern Egypt, operated by Germany’s RWE Dea oil and gas firm
Egypt to construct deepwater drilling rig via $900m from Bank of Japan
Ministry of Petroleum says the project will be carried out by the Egyptian Drilling Company