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Egypt to increase gas production to 5.3bn cubic feet after linking part of Shorouk’s production in 2017
Project will only offset the natural decline of fields production, says official
The company is to pump 2.6bn feet of gas per day to power plants
EMG has not been paying for gas in 10 months, we warned about terminating contract several times, says former minister
On Sunday, IEC said it has no further announcements than the ones made on 6 December, in which it said it will act to collect the awarded amount
Company acquired 22.75% in the North Alexandria concession as well as 2.75% in West Mediterranean Concession
Talks on gas imports were suspended after the Swiss court’s decision to fine Egypt $1.7bn to compensate Israeli companies
The ministry, EGAS were ordered to compensate two Israeli companies USD 1.7bn
Egypt currently produces 4.15bn cubic feet of gas per day, compared to 4.5bn cubic feet last year.
We support the government’s decision, says businessman Alaa Arafa
Egypt will continue to import gas even after Zohr field discovery to secure urgent needs, says El Molla
Dolphinus’ is expected to receive 4 BCM of gas per year over 10-15 years with final agreement
12 contracts signed in pipeline sector
The official added that Eni will complete the plan for developing the new exploration site in three years, and will drill 20 wells in the concession area in the deep waters to implement the development process.
The official said that Shell requested form the EGPC to agree on the price of the shale gas that will be produced from the area for the first time in Egypt, because the cost of the project will be high and the process of extraction is significantly different than regular sources.
Both parties discussed forming a gas hub in eastern Mediterranean Sea to make Egyptian transport and export facilities available for nearby discoveries, says Italian giant
The decrease in Brent’ prices negatively affected offers by foreign companies to explore in deep waters, says official
Value of crude obtained daily from foreign companies declines to $380m
The value per share reached €15.2 after company’s CEO announced that he expected investments worth 6bn to $10bn for development of field
We have reached an agreement with Eni over Noras field gas, with production estimated at 500m cubic feet daily, says minister
Strike targeted a “den of apostates”, IS supporters said
Recent gas discovery is positive credit for Egypt, says report
Segment of investments will be allocated to implement projects aiming to increase oil and gas production
Despite year-on-year decline, Consumer Price Index (CPI) increased 0.6% in July 2015 compared to preceding month
Well’s original oil records about 15m barrels, adds approximately 5m barrels to oil reserves
Egypt’s President Abdel Fattah Al-Sisi met with Helge Lund, the Chief Executive Officer of British Gas (BG), to discuss the company’s current activities in Egypt and its plans to increase its investments. The meeting was also attended by Petroleum Minister Sherif Ismail, according to an official statement by the presidency. The BG executive congratulated the …
The company received seven offers for five exploration sites of approximately 23,200 sqkm with at least $100.3m investments
The gas flow between Iran and Turkey has been shut down after an explosion on a natural gas pipeline in the Turkish province of Agri. The country's energy minister has suggested that Kurdish rebels were to blame. The fire, which began Monday in Turkey's eastern Agri province was quickly brought under control, Turkey's energy minister Taner Yildiz said on Tuesday….