“We are seeking to directly import crude oil from Iraq. We already use Iraqi oil but we get it from international markets but we hope to have a direct government to government agreement,” Egypt’s Petroleum Minister Tarek El Molla said
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Egyptian nitrogen fertiliser complex commissioned
Thyssenkrupp hands over Egypt’s largest nitrogen fertiliser complex.
Egyptian new wells: 517 mmcfd of gas in H1 2016
The new wells are located in concession areas joint between International Oil Companies (IOC) and Egyptian oil sector firms at the Mediterranean Sea, Nile Delta, and Western Desert
IOC’s flock to Egypt for oil exploration bids
Companies involved in the process include Royal Dutch Shell, BP, Apache Corp, and Apex International Energy with exploration contracts signed to date worth around $200mn
Eni to cut stake in Egypt’s Zohr gas field to 50%
Eni, whose cash flow fell 19% in the third quarter, is committed to selling $5.30bn of assets in the next two years to help fund investments
BP buys stake in Eni’s Zohr gas field in Egypt
The deal gives Eni much-needed cash as part of its 5bn euro divestment plan to continue investing and paying dividends despite weak oil prices
Dana Gas to review Egypt investment
Dana has been hamstrung in recent quarters as it awaits receivables owed in both Egypt and Iraqi Kurdistan, following political and economic turbulence in both places which have delayed payments.
Egypt has alternatives to Saudi oil
Aramco’s October oil deliveries to Egypt were suspended, but Saudi has not yet clarified the reason behind the delay. In addition, Aramco has not yet informed the Egyptian government whether the November deliveries would be dispatched.
Egypt mulls enquiry into Saudi oil non-delivery
Egyptian General Petroleum Corporation tasked with finding out the reasons behind the October non-delivery and gauge the scenario for the November shipment from Aramco
Egypt launches tender for 96 LNG cargoes
State-run EGAS has released tender documents bidding to secure 96 LNG shipments in 2017 and 2018; foreign players show interest