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Tag: Damietta

Egypt, Cyprus to start talks on agreement to construct gas pipeline

Posted: November 21, 2017 at 3:32 pm   /   Oil & Gas

Egypt and Cyprus have agreed to start discussions in December on an agreement to build a gas pipe from a Cypriot natural gas field to take gas to Egypt, Cypriot state radio reported on Monday. It said the agreement came during talks when Egypt’s President Abdel Fattah al-Sisi made an official visit to Cyprus on […]

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Oil Ministry building $160 million Damietta pier, studying new petrochemicals projects

Posted: September 19, 2017 at 2:05 pm   /   Oil & Gas

Engineering designs are being drafted for a new USD 160 million pier at Damietta Port to expand shipping and storage services, according to an Oil Ministry statement. The pier, set to be completed in 3Q2020, will support urea and ammonia exports by MOPCO. The Ministry is also studying building a refinery in Suez, a propylene […]

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Damietta-LNG

Eni, Transport Ministry begin work on Zohr logistics station at Damietta Port

Posted: July 11, 2017 at 1:56 pm   /   Oil & Gas

The Transport Ministry and Eni began working on establishing a logistics center and storage areas at the Damietta Port, port chairman Ayman Saleh says, according to Al Masry Al Youm.The new facilities will serve the ground pipeline set to connect the Zohr gas fields to the port’s processing plant, from which gas will be exported. […]

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Eni agrees with government to export part of Zohr field production via Damietta processing plant

Posted: December 19, 2016 at 4:10 pm   /   Oil & Gas

Eni has reached an agreement with the government to export some of the gas produced from the Shorouk concession’s Zohr gas field through the processing plant in Damietta, Al Borsa reported. Eni is planning a ground pipeline connecting the Zohr field to the plant, from which the gas would then be exported to Europe, the […]

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The East Mediterranean gas revolution (ABO.net)

Posted: October 20, 2016 at 1:40 pm   /   Oil & Gas

By Nicoló Sartori. The recent discoveries give the region an unprecedented opportunity to foster cooperation on energy and its exports, as well as to reach for diplomatic ways to handle the region’s conflicts. The gas discoveries in the East Mediterranean have generated an outburst of enthusiasm, fostering an image of the region as a global […]

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Egypt eyes Idku LNG restart following Shell deal

Posted: October 9, 2016 at 7:46 pm   /   Oil & Gas

Egypt is slowly moving closer to restarting LNG exports following a deal with Shell to raise the volume of gas sent to the Idku LNG plant. Shell cut a deal with the Egyptian government in mid-September to send 3.54 million cubic metres per day to Idku from the company’s gas fields to compensate for some […]

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Egypt's oil and gas sector rallies

Posted: October 9, 2016 at 7:33 pm   /   Oil & Gas

In late August Shell announced that it had discovered 142bn cu metres of natural gas at its Alam El Shawish concession in Egypt’s Western Desert, with the possibility of more reserves to be recovered, representing one of the largest finds in the region in recent years. This follows another discovery by the Egyptian General Petroleum […]

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Egypt: The Eastern Mediterranean's Next Natural Gas Hub?

Posted: September 7, 2016 at 12:11 pm   /   Oil & Gas

On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]

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Bloomberg: Talks to end Israeli case against Egypt over natural gas

Posted: September 4, 2016 at 12:45 pm   /   Oil & Gas

Negotiations are ongoing between the two companies that operate the Israeli gas field Tamar along with the Spanish Union Fenosa Gas SA (UFG) to drop an Israeli arbitration court case against Egypt, US business agency Bloomberg revealed on Tuesday. Quoting an anonymous source, Bloomberg explained that the two companies that run Israel’s Tamar natural gas […]

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Eni in talks with big oil companies about sale of Zohr stake – sources

Posted: August 14, 2016 at 2:15 pm   /   Oil & Gas

Italy’s Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. Eni owns the whole of Zohr and has said it is interested in bringing in partners as part of its strategy of selling some […]

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