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Tag: Zohr field

Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin

Posted: December 12, 2016 at 4:43 pm   /   Oil & Gas

Rosneft Chief Executive Igor Sechin arrived yesterday in Cairo to meet today tith Minister of Petroleum and Mineral Resources Tarek El Molla, to discuss existing and potential opportunities in Egypt’s oil and gas exploration. The board of Russia’s Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore […]

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Eni to finalize first phase of Zohr gas field processing plant by next October

Posted: December 7, 2016 at 12:21 pm   /   Oil & Gas

Eni plans to complete phase one of its $4 billion gas processing plant in Port Said next October, Al Borsa reported. The first phase of the plant, which will process gas from Zohr, will produce a daily 650 mcf, which represents 24% of the facility’s total daily capacity upon becoming fully operational of 2.7 bcf. […]

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Russia's Rosneft considers buying 35% stake in Eni's Egyptian Zohr field

Posted: December 6, 2016 at 3:22 pm   /   Oil & Gas

Board to consider buying 35 percent stake in Eni’s project in Egypt. Russian oil firm Rosneft said it was interested in an offshore concession in Egypt. Rosneft said in a separate statement that its board plans to discuss buying a stake of up to 35 percent in Egypt’s offshore Shorouk concession, on Wednesday. It did […]

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Russia’s Rosneft Board to meet on potential acquisition of up to 35% of Shorouk offshore concession from Eni

Posted: December 6, 2016 at 3:08 pm   /   Oil & Gas

The board of Russia’s Rosneft will meet tomorrow (7 December) to discuss the potential acquisition of up to 35% of the Shorouk offshore concession from Eni, Al Masry Al Youm reported. Eni had sold a 10% interest of the concession, which contains Zohr natural gas field, to BP in November and plans to lower its […]

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Eni aims to quickly reduce its Zohr stake to 50 percent

Posted: November 29, 2016 at 12:10 pm   /   Oil & Gas

Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said on Monday. The company, which owns the whole concession that includes Zohr, already agreed to sell a 10 percent stake to BP for $375 million last week. In addition, BP […]

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BP builds position in one of Egypt's biggest gas fields

Posted: November 29, 2016 at 12:04 pm   /   Oil & Gas

BP buys into what one company said could be one of the largest gas fields in the world. British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field. Subject to approval from the Egyptian government, BP said […]

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Environmental Affairs Ministry approved plans for Zohr pipeline

Posted: November 28, 2016 at 3:23 pm   /   Oil & Gas

The Environmental Affairs Ministry approved the plans to build a 220 km pipeline connecting the Zohr gas fields to an onshore processing station in Port Said, Ahram Gate reported. The Ministry approved of the studies for the pipeline, saying it complies with all of its environmental regulations. (Source:

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BP buys 10% stake in Eni’s super-giant Zohr gas field offshore Egypt

Posted: November 26, 2016 at 12:26 pm   /   Oil & Gas

BP has agreed to buy 10 percent of Eni’s Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market. The deal gives Eni much-needed cash as part of its 5 billion euro divestment plan to continue investing and paying […]

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New massive offshore gas field could make Egypt self-sufficient

Posted: November 26, 2016 at 12:12 pm   /   Oil & Gas

A major offshore discovery could lead Egypt to fully supply itself with natural gas by 2021. Deposits in the massive offshore Zohr field in the southeast Mediterranean are estimated at 30 trillion cubic feet, which would provide Egypt with 10 years’ worth of natural gas, industry analysts say. The Zohr field was discovered by Italy’s […]

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Minister of Petroleum meets with Eni's Chairman

Posted: November 22, 2016 at 1:03 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Eng. Tarek El Molla held a meeting with Emma Marcegaglia Eni’s Chairman in the presence of Adriano Mongini Executive Vice President North Africa at Eni to discuss Eni’s activities of the development plan for the Zohr field and Nooros gas field. Eng. El-Molla noted that Egypt plans to increase […]

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