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Tag: Cyprus

El-Molla: Idku and Damietta liquefaction plants to operate at full capacity by 2020/2021

Posted: August 7, 2016 at 11:26 pm   /   Oil & Gas

Petroleum Ministry agreed with Shell to adjust the 9B gas prices and export 125m cubic feet daily. The Ministry of Petroleum and Mineral Resources aims to rerun Idku and Damietta factories for liquefaction in their full capacity in order to export gas shipments to global markets by 2020/2021. Petroleum Minister Tarek El-Molla told Daily News […]

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Descalzi

Eni CEO Claudio Descalzi: Egypt can be one of the solutions for European energy security

Posted: August 5, 2016 at 10:09 pm   /   Oil & Gas

The following is a condensed and edited interview with Eni CEO Claudio Descalzi from Bloomberg Businessweek. How have you responded to the sharp decline in crude oil prices? Fortunately we had a strategy to own conventional assets, which means a very low cost and very low break-even price. At the moment we have one of […]

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Castoro Sei

Saipem’s Castoro Sei pipelayer platform for Zohr work docks at Limassol, staying six months

Posted: August 1, 2016 at 8:24 pm   /   Oil & Gas

Saipem’s pipelayer Castoro Sei (Beaver Six) was fully ensconced at Limassol port on Sunday before starting work on underwater pipelines for Egypt’s giant Zohr gasfield. The Zohr gas field was discovered by Eni in August 2015, using the drillship Saipem 10000, which is still operating in the area. The ‘floating factory’ Castoro Sei will remain […]

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public

Will Israeli natural gas flow in Egypt’s pipelines?

Posted: July 15, 2016 at 4:31 pm   /   Oil & Gas

A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. In a rare trip, Egypt’s Foreign Minister Sameh Shoukry paid Israel a […]

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Cyprus, Egypt, Greece Tripartite Summit Declaration

Posted: December 9, 2015 at 6:58 pm   /   Oil & Gas

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens on Wednesday effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come. “Our 3rd Trilateral Summit underlines our well-established and continuous tripartite partnership aiming at promoting peace, stability, security and prosperity in the Eastern Mediterranean in various fields […]

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Egypt and Cyprus are committed to maintaining energy ties

Posted: October 1, 2015 at 6:50 pm   /   Oil & Gas

Egypt’s President Abdel Fattah el-Sisi met Cyprus President Nicos Anastasiades in New York on Monday. The two leaders discussed regional cooperation on the sidelines of the UN General Assembly. Energy was an important item on the agenda following ENI’s huge discovery in Egypt’s Exclusive Economic Zone. Earlier this month, the Italian company announced it had […]

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