News
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Rosneft to Consider Stake in Shorouk Concession
Russia’s Rosneft announced that its board of directors will discuss buying up to 35% of stake in Shorouk Concession ,…
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Egypt Accepted 6 IOCs’ Oil, Gas Bids for $200m
The Egyptian General Petroleum Corporation (EGPC) has announced results of the bid rounds for the exploration and production of oil…
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El Molla Reviewed Petrobel’s Nedoco Progress
A press release to Egypt Oil&Gas stated that the Egyptian Minister of Petroleum, Tarek El Molla, received a report from Belayim…
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Third FSRU Delayed until Further Notice
The Egyptian Minister of Petroleum, Tarek El Molla, announced the postponement of the third floating and storage regasification unit (FSRU)…
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Zohr Pipeline Obtained Environmental Approvals
The Egyptian Ministry of Environment approved the study to build a 220km pipeline with a 26 inche diameter in order…
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BP to Buy 10% Stake in Zohr
UK’s BP reached an agreement with Italian Eni to buy a 10% stake in Egypt’s Shourouk Concession which includes Zohr field…
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Gabal El Zeit Showed Potential Hydrocarbon Reserves
UK’s Vega Petroleum Company conducted production tests on Gabal El Zeit area discovery EGZ-1X in the Gulf of Suez area in…
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Egypt Linked Sadat City to Gas Network
In cooperation with Egypt Gas Company, the Sadat City Development Authority has started installing pipelines in order to pump gas…
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Apache to Invest $909m in Egypt
US Apache will invest $908.9m in drilling 97 new wells in Egypt’s Western Desert during fiscal year 2016/2017. The company…
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Egypt Paid EGP 1b to Eni
The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues…