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Tag: Zohr

President Sisi meets with CEOs of BP, Rosneft and Eni

Posted: March 28, 2017 at 1:53 pm   /   Oil & Gas

President Abdel Fattah El Sisi met with the CEOs of BP, Rosneft, and Eni to discuss the progress on the companies’ projects in Egypt, Al Masry Al Youm reports. Rosneft’s CEO Igor Sechin told El Sisi that the Russian company expects to complete the acquisition of its 30% stake in the Zohr field in 2Q2017, […]

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Interview with Egypt’s Minister of Petroleum Tarek El Molla (BP Magazine)

Posted: March 26, 2017 at 3:09 pm   /   Oil & Gas

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production. The country’s minister of petroleum and mineral resources Tarek El-Molla talks to BP Magazine about a new era of investment, how Egypt is well-placed to become a regional energy hub on the eastern […]

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El Molla inspects progress of Zohr field project development

Posted: March 21, 2017 at 4:22 pm   /   Oil & Gas

The Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, inspected the development of the Zohr gas field project, and met with the project’s Higher Committee to follow up on the progress of the project development. Eng. El Molla said that the Zohr gas field will produce almost 1 billion cubic feet per day […]

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Eni focused on African opportunities

Posted: March 21, 2017 at 3:27 pm   /   Oil & Gas

One company pushing ahead with operations around Africa is Eni, which continues to make discoveries and sell down finds, writes Nicholas Newman. African exploration prospects have taken a hit over the last two years but, as Eni’s successes demonstrate, there is plenty of potential still worth securing. The Italian company has almost 4,900 oil and […]

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Eni Exploration Chief: There could be another "Zohr-like" discovery in region

Posted: March 15, 2017 at 4:43 pm   /   Oil & Gas

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe’s energy needs, a senior official with Italian oil and gas company Eni said Tuesday. Eni SpA Chief Exploration Officer Luca Bertelli said his company’s “milestone” discovery of Zohr, […]

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Egypt’s natural gas turns the corner

Posted: March 9, 2017 at 2:27 pm   /   Oil & Gas

The Egyptian Oil Ministry wants to increase the gas production by 50% by 2018, continue to invest in energy and repay the Egyptian debt in the sector amounted to 3.6 billion dollars. New finds have already given rise to talk of Egypt resuming exports soon, aided by a modernization programme to make the market more […]

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FT: Eni’s offshore drilling gamble looks set to pay off

Posted: March 1, 2017 at 7:37 pm   /   Oil & Gas

Over a lunch of locally caught Mediterranean seafood, Claudio Descalzi delivers a pep talk to managers around a large dining table in the offices of a petroleum plant near Port Said, Egypt. “We need to do more, more, more every day,” says the chief executive of Eni, the Italian oil and gas group. He is […]

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Video: Fossil fuel hope found in Egypt – Claudio Descalzi visits Port Said gas plant project (FT)

Posted: March 1, 2017 at 5:32 pm   /   Oil & Gas

The FT’s energy editor Andrew Ward on the geopolitical and business significance of the newly discovered Zohr gas field in the Mediterranean. (Source: Financial Times)

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French Ambassador calls on France's Oil & Gas companies to take advantage of Egypt’s investment opportunities

Posted: February 16, 2017 at 10:08 pm   /   Oil & Gas

It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, said Marc Benayoun, CEO of Edison. In his speech on Tuesday at the Egypt Petroleum Show (EGYPS) currently being held in Cairo, Andre Baran, France’s ambassador to Egypt, called for French companies operating in the oil and […]

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Eni, BP pouring more investment into Egypt than anywhere else

Posted: February 15, 2017 at 8:21 pm   /   Oil & Gas

Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said. Production plans for Zohr are on schedule, and Egypt will be Eni’s […]

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