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Qatari liquefied gas shipments to be sent to foreign distribution companies on Thursday according to previously agreed-upon time frames.
Port facilities are not yet capable of importing liquefied gas, but such shipments will allow authorities to allocate more of the fuel supplies to the local market.
The company described the environment for investment in Egypt as “challenging”.
The Begonia-1 well is the 25th discovery in Egypt since 2007
Cement companies are working to reduce emissions through new initiatives in line with Kyoto Protocol
The transport and logistics of the shipments are currently under discussion between the two countries.
The same day in Menufiya, a policeman was injured after residents blocked the Cairo-Alexandria road, in protest against the failure to secure fuel quotas which were promised by the governor.
Egyptian Natural Gas Holding Company (Egas) awarded eight licences for gas exploration on 16 April and said it would potentially be offering at least 10 more this year.
The Electricity Ministry would first make available $200m in funds in order to purchase and distribute 400,000 tonnes of mazut fuel oil as part of a strategic reserve for the country’s electricity stations.
The European Bank for Reconstruction and Development proposes a $40m loan for Kuwait Energy to drill for oil
Syria blames Israel for Sunday’s airstrike near Damascus; UN investigators say no conclusive evidence links Damascus to the use of chemical weapons
Minister of Electricity and Energy says Egypt and UAE are establishing nuclear power reactors
So far holding company receives bids from BP, Sea Dragon, Edison, Dana Gas and Pura Vida
Sameh Fahmy to be retried on the case of exporting gas to Israel
Microbus drivers still striking, taxis return to work
As the diesel crisis worsens, Mahalla drivers respond by blocking the city’s main roads
By Philip Whitfield Notice the traffic? Given up going out? Carrying a doggy bag on the shopping run? Good news. Nobody will be able to afford to drive soon. Everyone’s money will be spent paying the gas bill and keeping cool in ice baths. Who dares flick on the air-con? Bit chilly? Snuggle up in …
Egypt’s fuel shortages are forcing many businesses to shut down, sparking tensions between consumers at gas stations as they park their cars for hours waiting for gas
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
Roads leading to villages south of the city were blocked by tyre fires ignited by protesters.
Private sector to operate as a private contractor in the transport of natural gas
Results of the bid round to be announced in the first half of January 2013
A new bid round is to be issued to private sector companies to participate based on a new model
Algeria is the main liquefied butane supplier to Egypt, as stipulated in the agreement between the two countries
Minister of Petroleum, Osama Kamal, refused to comment on the matter
Hope to overcome issues of pipeline sabotage and Egyptian domestic demand
The Kuwaiti government, represented by the Kuwait Fund for Arab Economic Development (KFAED), has a signed a deal to loan 17 million Kuwaiti Dinars ( $60 million) to aid the expansion and development of the Egyptian natural gas distribution grid. In the presence of Prime Minister Hesham Qandil, the Minister of Planning and International Cooperation …
Tony Blair sponsors talks which could solve Palestinian Authority’s financial problems
Orascom for Construction Industries (OCI) announced yesterday that the General Authority of Investment and Free Zones (GAIF) approved OCI’s proposed valuation split methodology for the demerger of its construction group from its fertilisers group. GAIF approved on Saturday to split OCI’s standalone assets and liabilities on book value basis as at 31 December 2011, an …
Orascom for Construction Industries’ (OCI) results showed a net decrease as at 30 June, although they project a positive outlook. This year’s first half results show that the company’s net income dropped by 42.6 percent to EGP 1.3 billion versus EGP 2.2 billion in the first half of 2011. However, this year’s quarter-to-quarter results show …