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EGAS offers 16 Mediterranean & Nile Delta blocks in oil & gas bid round
Oil & Gas

EGAS offers 16 Mediterranean & Nile Delta blocks in oil & gas bid round

The Egyptian Natural Gas Holding Company (EGAS) launched the 2018 bid round for oil & gas exploration on 16 concession areas: 13 blocks in the Mediterranean Sea and three concessions in the onshore Nile Delta region. The Egyptian Ministry of Petroleum announced in an Al Ahram newspaper advertisement that the deadline for receiving bids for … Continue reading

India’s Dhunseri Petrochem buys ECHEM’s stake in Egypt joint venture
Oil & Gas

India’s Dhunseri Petrochem buys ECHEM’s stake in Egypt joint venture

India’s Dhunseri Petrochem has bought the Egyptian Petrochemicals Holding Company (ECHEM)’s share of their joint venture, the Egyptian Indian Polyester Company (EIPET), according to a regulatory filing by Dhunseri on the Bombay Stock Exchange. Dhunseri will buy ECHEM’s 23% stake in EIPET in seven installments over the next four years. The company did not disclose the … Continue reading

Kuwait Energy looking to sell Egypt assets – sources
Oil & Gas

Kuwait Energy looking to sell Egypt assets – sources

Kuwait Energy looks to spin-off Egyptian assets: Kuwait Energy has hired investment bank Perella Weinberg Partners to advise on possibly divesting its stakes in Egypt and Iraq, sources close to the matter tell Reuters. Plans include spinning off Egypt assets that include interests in four oil and gas fields, including the Abu Sennan concession. Kuwait … Continue reading