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Tag: Idku

Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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GE appoints Ayman Khattab as President & CEO for Egypt and highlights how GE’s transformation to a Digital Industrial Company can help support Egypt’s growing needs

Posted: April 14, 2016 at 8:12 pm   /   Electricity & Power

• Ayman Khattab appointed as President & CEO for North East Africa, covering Egypt, Libya and South Sudan. • GE’s investments in Egypt reach $340 million highlighting its confidence in the Egyptian market. GE today announced the appointment of Ayman Khattab, an Egyptian national, as the President and Chief Executive Officer for Egypt, Libya and […]

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British companies looking to bring experience and expertise to Egypt’s new energy discoveries

Posted: February 24, 2016 at 1:31 pm   /   Oil & Gas

Terry Willis, Director of Africa and Middle East at the Energy Industries Council (EIC), has affirmed Egypt as a key market for leading British companies working in the oil and gas sector. Willis is in Egypt leading a week-long trade mission for eight British companies that provide specialised goods and services to the global energy […]

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BG Group buys 35% stake in Aphrodite gas discovery, offshore Cyprus

Posted: November 23, 2015 at 6:29 pm   /   Oil & Gas

BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group holds equity in the two train LNG export facility at Idku as well as LNG offtake rights to lift 3.6 mtpa. […]

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Q&A With Maurizio Coratella, VP Operations, Egypt & Middle East, Edison International

Posted: November 12, 2015 at 12:53 pm   /   Oil & Gas

Ahead of Intergas VII – we spoke to Maurizio Coratella on Edison’s activities in Egypt and the new potential in the market. Maurizio will be joining Session 5: New Horizons for Egypt’s Gas Sector: Optimising Resource Potential on day 2. See Programme here. ‘The recent discovery of Eni (Zohr) in the deep Mediterranean offshore has […]

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