Egypt signs finance agreement for Sonker’s Ain Sokhna terminal
The government signed an agreement activating the financing of Sonker’s liquid bulk terminal in Ain Sokhna, Al Masry Al Youm reported. Sonker is investing USD 500 mn to construct and operate a bulk-liquids terminal for the import and storage of gasoil and LPG in the third basin of Ain Sokhna Port. USD 320 mn of […]
Platts: Egypt's Sokhna port to start bunkering operations in July
Egypt’s Suez Canal Economic Zone targets commencing bunkering operations at Sokhna port July 1, the Vice Chairman of the General Authority for the SC Zone, Abdelkader Darwish, was quoted late Monday as saying. The authority has invited marine fuel suppliers to submit applications for bunker supply licenses at the port by April 7, Darwish was […]
Dana Gas Egypt commits €355 million to E&P over three years
Despite the state of global energy markets, Dana Gas, the Middle East’s leading privately owned gas company has faith enough in Egypt and the Al-Sisi administration to commit millions in exploration and production (E&P) in the country. Dana is based in the United Arab Emirates, but has assets in Egypt and the Kurdistan Region of […]
MOU signed between GASCO and Tecnicas Reunidas for enhanced methane recovery project study
Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, and Mr. Arturo Avello, the Spanish Ambassador in Cairo, witnessed the signing of a Memorandum of Understanding between the Egyptian Natural Gas Company (GASCO) and Spanish company Tecnicas Reunidas, one of the largest international companies specializing in engineering design and construction of oil and gas projects. […]
Russia's Rosneft signs two energy import deals with EGPC & EGAS
Egypt and Russia’s top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday. The oil ministry said in a statement the deals include the supply of benzine and bitumen, as well as 24 LNG cargoes for state gas […]