Egypt
Egypt to cut fuel subsidies 43% as gov’t seeks to reduce deficit

Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news...

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Intergas VII – Oil, Gas & Petrochemicals Conference & Exhibition

Intergas VII – Oil, Gas & Petrochemicals Conference & Exhibition 24 – 26 November 2015, Royal Maxim Palace Kempinski, Cairo, Egypt http://www.intergas-egypt.com/ Key Players of...

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Egypt: Eni achieves giant gas discovery in the Mediterranean offshore Egypt

Italian Oil Company Eni declared some days ago the Mediterranean’s biggest-ever and the world’s 20th largest gas discovery offshore Egypt, in the Zohr field located in the Shorouk Block...

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Egypt: Inauguration of the Newly expanded Suez Canal

Achieving one of his key goals, Egyptian President Abdel Fattah al-Sisi has succeeded in completing a major investment of $6 billion to extend the Suez Canal water way which allows larger amounts of...

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Eni makes important tight gas discovery in the Egyptian Nile Delta

Eni has made an important gas discovery in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta, 120 kilometers north-east of Alexandria, Egypt. Preliminary...

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Apache’s New Technology Yields ‘Strong’ Drilling Results in Egypt

Apache Corporation reported Tuesday strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial...

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New production for Egyptian market to start following BG, BP deal

BG Egypt signed a tie-in agreement with BP Egypt and RWE DEA that will enable the increase of the supply of energy to the Egyptian domestic network through the utilization of BG Egypt’s...

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Egypt, Eni sign investment agreement

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail and Eni’s CEO, Claudio Descalzi, signed a head of agreement aimed at the development of the oil and gas resources of the...

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Egypt finalizes LNG supply deal with Gazprom

Egypt finalizes LNG supply deal with Gazprom Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized. According to a ministry statement, Egyptian...

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Shell to start supplying LNG to Egypt in 2015

Shell’s senior executive revealed that the Dutch giant will start supplying Egypt with 1 million metric tons of LNG per year starting in 2015. Speaking at a summit in Dubai, Shell’s Middle East...

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