Egypt

Phase-1 output at BP’s key development offshore Egypt has seen ‘steeper than anticipated decline’ with 2018 output just 380mn cfd versus the planned 600mn cfd.

Anglo-Dutch major Shell’s Egyptian net gas output hit a four-year high 407.5mn cfd in 2018, up 21% from 2017’s...

Italian firm Eni announced on 14 March it has discovered gas at the Nour exploration prospect on the North...

Egypt has set up its first sovereign wealth fund with an authorized capital of E£200bn ($11.4bn) and a start-up...

Egypt’s oil minister Tarek El Molla says ongoing projects will end Egypt’s near-50% dependence on diesel and gasoline imports by 2022. MEES runs the rule on the country’s downstream plans to see if they have any chance of delivering on this ambitious target.

Egypt raised $4bn in international bonds on 20 February, the country’s largest issue since a similar $4bn a year...

London-based independent Petroceltic has threatened to take Egypt’s state oil firm EGPC to court over unpaid dues, the firm...

Egyptian transmission grid operator EETC has signed a power purchase agreement with Netherlands-based Lekela Power for a 250MW wind...

Exxon has taken a highly contested block offshore Egypt. Shell took five blocks both on and offshore. But a swathe of deepwater acreage went unawarded.

Cairo has set out its gas plans for the 2019-20 financial year with seven projects set to add around 2.8bn cfd to Q4’s record 6.3bn cfd output. But natural declines pose a threat to Egypt’s hopes of hitting 7.9bn cfd by June next year.