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Tag: Sinai
Pyramids

Egypt reportedly considering new LNG facility in Sinai for Asian exports

Posted: July 29, 2019 at 3:33 pm   /   Oil & Gas

Egyptian and Israeli authorities are reportedly considering building a USD 15 bn natural gas liquefaction facility on the Red Sea coast in Sinai to drive liquefied natural gas (LNG) exports into Asia from both countries, sources told Israeli business news publication Globes. The facility would eliminate the need for LNG vessels taking off from either […]

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Lagia

DMWA Resources withdraws bid for Lagia oil asset in Egypt

Posted: March 4, 2019 at 7:43 pm   /   Oil & Gas

DMWA Resources – an Africa-focused resources and trading firm – has withdrawn its bid to acquire the Lagia oil producing field in Sinai, Egypt. While DMWA management has not commented, sources close to the company state that it is strongly encouraged by its shareholders to pursue other marginal oil and gas field acquisitions across Africa. The […]

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egypt-solar-farm

JinkoSolar, Schneider donate 55kW off-grid solar project to Sinai town

Posted: January 3, 2019 at 1:43 pm   /   Renewables

JinkoSolar and Schneider Electric have completed a 55kW off-grid solar power project in Sinai to provide 35 families with electricity, according to a company statement. Before the project, the families of Abu Ghuraqd village used diesel generators, which gave them access to power only 8 hours per day and caused both noise and air pollution. […]

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North Zaafarana

Egypt signs E&P agreements worth $65 million in Sinai, Gulf of Suez

Posted: August 27, 2018 at 1:18 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed two new agreements for oil and natural gas exploration and production in Sinai and the Suez Gulf with investments of $65 million. The minister also signed grants of $3.5 million, an official statement revealed. The first agreement is signed with General Petroleum Company (GPC) in Sinai’s […]

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Eni to sign agreement for 50 MW solar power plant in Egypt

Posted: March 4, 2018 at 8:09 pm   /   Renewables

The plant will be built in Abu Rudeis city in South Sinai Governorate with $50 million in investment. The Egyptian Electricity ministry is planning to sign an agreement with Italy’s Eni to set up a 50-megawatt (MW) solar power plant next April. The plant will be built in Abu Rudeis city in South Sinai Governorate […]

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Petrobel: Zohr gas field work 83.5% complete, progressing quickly

Posted: August 22, 2017 at 3:40 pm   /   Oil & Gas

Progress of development works of the Mediterranean’s largest gas field Zohr was given at a current rate of 83.5 percent, with $4 billion in investments so far. At the beginning of the month, Zohr works were 80 percent complete as stated by the Ministry of Petroleum, with $3.8 billion in investments. In a meeting with […]

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Bloomberg

Bloomberg: Leviathan Partners in talks to pipe Israeli gas to Egypt via Jordan

Posted: August 10, 2017 at 11:54 am   /   Oil & Gas

• Jordanian route would be more costly than going through Sinai. • Alternative path could circumvent Israel-Egypt dispute on fine. Companies developing Israel’s largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes that have held up an export deal, according to people in Egypt and […]

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Mediterra Energy raises production by 17% from Sinai fields

Posted: July 4, 2017 at 2:55 pm   /   Oil & Gas

The Egyptian minister of petroleum and mineral resources Tarek El Molla said that oil production in Sinai fields increased from 1,200 to 1,400 barrels per day since July 2016. These fields include Ras Sudr, Asl, and Matarma, and they are all located on the eastern side of the Gulf of Suez. Tarek El Molla added […]

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El Molla discusses investments, East Lagia concession with Vegas CEO

Posted: July 4, 2017 at 2:13 pm   /   Oil & Gas

Greece’s Vegas Oil and Gas intends to increase its investments in Egypt in the coming period and will be participating in upcoming oil and gas exploration tenders, CEO David Evans told Petroleum Minister Tarek El Molla in a meeting yesterday, according to a ministry statement. Vegas operates in the East Lagia concession in Sinai, where […]

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EGAS

Bloomberg: Swiss Court Fines Egypt $2 Billion

Posted: April 29, 2017 at 11:06 pm   /   Oil & Gas

• Court says Egypt breached contract to supply gas to Israel. • Israel now hoping to export natural gas to southern neighbor. A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the two nations […]

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