Egypt To Halve Arrears With Oil Companies In Coming Weeks
Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. “We have made Continue Reading
A New Start For Egypt And Saudi Arabia’s Weathered Relationship
Saudi oil shipments to Egypt have resumed after several months of political crisis between Cairo and Riyadh. Egyptian oil ministry sources stated on 19 March that the first two oil Continue Reading
Egypt moves from electricity deficit to sufficiency
The opening of three major power plants in March was the latest in Egypt’s efforts to end its electricity shortage crisis. “Huge work is being done in this country to Continue Reading
Saudi Aramco to resume oil product shipments to Egypt soon
Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signaling a potential Continue Reading
These Oil Majors Just Made Egypt Their Highest Priority
Since 2011, political instability and regional insecurity have plagued Egypt’s economy, and the energy sector has not been spared. Until recently a net gas exporter, Egypt turned into a net Continue Reading
Oil companies bullish on Egypt, eyeing more investment, discoveries
Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI’s giant Zohr gas discovery has put Continue Reading
Eni, BP Pouring More Investment Into Egypt Than Anywhere Else
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 Continue Reading
Egypt to Import LNG With an Eye on Self-Sufficiency in 2018
Egypt plans to import as many as 108 cargoes of liquefied natural gas this year as the country prepares to start producing at two gas fields and move closer to Continue Reading
Egypt Explores for Natural Gas With Eye on Exports by 2019
Egypt may announce new discoveries of natural gas by the second half of this year, Oil Minister Tarek El Molla said, bringing it closer to its goal of self-sufficiency by Continue Reading
How The Saudi Rift With Egypt Is Spiraling Out Of Control
Saudi Arabia’s rift with Egypt is spiraling out of control, with major strategic ramifications for both countries, as well as for the Yemen conflict and other Red Sea security challenges. Continue Reading