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El Molla: IOC investment in Egypt’s Oil & Gas sector reached $10 bn this year

El Molla: IOC investment in Egypt’s Oil & Gas sector reached $10 bn this year

Investment by international oil companies reached USD 10 billion so far in FY2017-18, Oil Minister Tarek El Molla said in an interview with Al Borsa. This will likely increase, as the ministry plans to issue exploration tenders, including in the East Mediterranean and in the Nile Delta region sometime in 2H2017-18, said El Molla. The … Continue reading

Egypt issues Natural Gas Act, allowing private sector imports

Egypt issues Natural Gas Act, allowing private sector imports

Egypt has issued long-awaited executive regulations that will allow the private sector to import natural gas directly, according to a statement from the Prime Minister’s office. Egypt’s parliament last year passed a law establishing a gas regulatory authority that the government hopes will attract greater private sector participation in the country’s rapidly expanding gas sector. … Continue reading

SDX commissions Sino-Tharwa’s rig for exploration well at South Disouq

SDX commissions Sino-Tharwa’s rig for exploration well at South Disouq

SDX Energy announced signing a rig contract for the ST-6 Rig with Sino-Tharwa Drilling Company for the Ibn Yunus-1X exploration well at South Disouq. “The agreement is for four firm wells and one contingent well. Sino-Tharwa’s ST-6 rig is currently drilling for another operator and is anticipated to be released in late February 2018 from … Continue reading