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Oil & Gas
BP Egypt

BP to process 650 mcf/d of North Alexandria gas at Shell’s Burullus processing plant

Posted: October 18, 2016 at 6:25 pm   /   Oil & Gas

BP’s agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source. BP signed an agreement with Royal Dutch Shell to process 650m cubic feet of […]

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ERC Mostorod Refinery to be completed in Q1 2017

Posted: October 18, 2016 at 6:23 pm   /   Oil & Gas

The Egyptian Refining Company’s Managing Director, Mohamed Saad, stated that the company will complete its refining project in Mostorod within the first quarter of 2017, with the aim of addressing supply gaps in the petroleum […]

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Two LNG importers agree to extend payment deadline

Posted: October 18, 2016 at 6:21 pm   /   Oil & Gas

Two unnamed international LNG importers have reportedly agreed to extend the payment deadline for its shipments to five months from a current three, unnamed sources from EGAS tell Al Shorouk. Oil Minister Tarek El Molla […]

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INSTOK representatives meet with Petroleum Minister to discuss investments in Egypt

Posted: October 17, 2016 at 2:30 pm   /   Oil & Gas

Norwegian oil and gas industry association INTSOK sat down with Petroleum Minister Tarek El-Molla to discuss potential investments in the petroleum and natural gas sectors, according to a ministry statement. (Source: Enterprise.press)

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Wall Street Journal: Egypt presses oil companies for more time to pay for fuel

Posted: October 16, 2016 at 1:01 pm   /   Oil & Gas

The Wall Street Journal reports that EGPC called a meeting on Wednesday to ask energy suppliers to give it six months instead of the usual three to pay for LNG, crude and petroleum product orders […]

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total

Total to invest $200 million in Egypt, up from initial reports of $100 million

Posted: October 16, 2016 at 12:58 pm   /   Oil & Gas

Total is set to invest USD 200 mn in Egypt over the next five years, the cabinet announced, according to Reuters’ Arabic service. Al Mal had pegged the investment value at USD 100 mn on […]

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shell

Shell investments in FY 2015-16 increased by 15% to reach $450 million

Posted: October 13, 2016 at 2:02 pm   /   Oil & Gas

Royal Dutch Shell has increased its investments in Egypt by 15% y-o-y to reach USD 450 mn, during FY 2015-2016, Oil Minister Tarek El Molla following a meeting with Andrew Brown, Shell’s global upstream director, […]

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Evolution of Global Energy Mix will shape future Oil & Gas investments, say UAE Energy Leaders

Posted: October 13, 2016 at 1:59 pm   /   Oil & Gas

• ADIPEC 2016 Panel Sessions to Address Research and Technology, Operational Efficiency, and Investment Challenges and Opportunities. • Natural Gas Fastest Growing Fossil Fuel Globally, with 50% Increase in Consumption by 2040: World Energy Outlook. […]

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total

Total Egypt to invest $100 million in Egyptian market during next five years

Posted: October 13, 2016 at 1:49 pm   /   Oil & Gas

Total Egypt is targeting investments worth USD 100 mn in Egypt during the next five years, the company’s Senior VP in Africa and the Middle East Stanislas Mittleman was quoted as saying according to Al […]

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Egypt finds other sources after halt in Saudi fuel shipments

Posted: October 13, 2016 at 1:46 pm   /   Oil & Gas

Egypt’s oil ministry says it has secured imports of petroleum products from other sources to compensate for Saudi Arabia’s abrupt decision to halt previously agreed shipments of fuel. Ministry spokesman Hamdi Abdel-Aziz says that following […]

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