Oil & Gas Companies News in Egypt

Dahi the new Chairman of EGPC
3/21/2011 - Abdallah Ghorab the Egyptian Minister of Petroleum appointed Hani Dahi as the Chairman of the Egyptian General Petroleum Company (EGPC). Dahi was serving as the head of Enppi. Ghorab used to be the Ch...
Oil Workers Stage Sit-In to Protest Layoffs
3/20/2011 - A thousand workers staged a sit-in in front of Petrojet’s headquarters to protest what they say were unfair dismissals. ...
The Future of the Oil & Gas Industry in Egypt
3/7/2011 - The Ministry of Petroleum (MoP) oversees four holding companies that manage all elements of the oil and gas business and form joint ventures with international partners: the Egyptian Holding Company f...
Strategy of the new Egyptian Minister of Petroleum
2/28/2011 - Eng Mahmoud Latif, the new Egyptian Minister of Petroleum and Mineral Resources, declared a strategy for the coming period in which he stressed on the importance of stability in order to increase prod...
Mahmoud Latif Amer the New Minister of Petroleum in Egypt
2/23/2011 - Made Petroleum Minister on Feb. 22, 2011 Mahmoud Latif Amer faces many challenges in the Egyptian transitional government. Soon after Sameh Fahmy took over in October 1999, he reshuffled the board of ...
PetroSA Eyes Joint Venture with Egypt Firm
10/20/2010 - South Africa's PetroSA is seeking a joint venture with an Egyptian company, its chairman said, as it wants to continue working in the country although its own oil exploration efforts in Egypt have not...
Dana Increases Strategic Position Off Nile Delta
7/21/2010 - Dana Petroleum is pleased to announce that it has signed an agreement with BG International Limited (“BG”) to acquire a 50% interest in the El Manzala Offshore Area Concession, located in the Mediterr...
BP Signs N.America and Egypt Deals with Apache
7/20/2010 - BP announced that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise...
Enel Signs MOU with Egyptian Ministry of Petroleum
5/18/2010 - Enel, represented by Massimo Sciancalepore, Head of Business Development, Upstream Gas Division, and the Ministry of Petroleum of the Arab Republic of Egypt, represented by H.E. Ashraf Rashed, Ambassa...
Sea Dragon to Sign Alliance Agreement with Tanmia
3/8/2010 - Sea Dragon Energy Inc. is pleased to announce it has entered into an Alliance Agreement with Tanmia Petroleum Company (“TPC”), an company incorporated in Egypt and owned one hundred percent by the Egy...
Groundstar Asset Exchange Agreement in Egypt
1/25/2010 - Groundstar Resources is pleased to announce that the company has entered into an asset exchange agreement with Karl Thomson Energy Limited (KTE), its partner in its two Egyptian blocks. ...
Shell Egypt to Buy 40 % of W. Desert Concession
1/14/2010 - Shell Egypt has received government approval to buy a 40 percent stake in an oil and gas concession in Egypt's Western Desert, the firm said. ...
Egypt, Algeria to Form Selena Energy Joint Venture
12/5/2009 - Algeria's state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer said. "We could invest around maybe $15 billion...
Fahmi Signs 2 Oil Agreements Worth $ 330.5 m
11/9/2009 - Oil Minister Sameh Fahmi signed Sunday 8/11/2009 two oil agreements on behalf of two Egyptian petroleum and natural gas companies with two UAE and British oil firms with minimum investment values wort...
IFC Supports Private Oil & Gas assets in MENA Region
9/23/2009 - IFC, a member of the World Bank Group, has signed a $50 million financing agreement with Kuwait Energy Company to help the company accelerate the development and exploration of its oil and gas assets ...
AOC to Assignee 50% Interest in NW October Block
9/9/2009 - Arabian Oil Company, Ltd. (AOC), a wholly owned subsidiary of AOC Holdings Inc., executed Sale and Purchase Agreement for assignment of its 50% interest out of 100% in Northwest October Block in the G...
Egypt Signs $2.3 Billion Oil, Gas Agreements
8/17/2009 - Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday. ...
Edison Sale Deadline on Abu Qir Slips to 2010
7/20/2009 - Italian Power Company Edison SpA plans to sell a 25 percent stake in Egyptian gas field Abu Qir field by early 2010, chief executive Umberto Quadrino told reporters on Monday. ...
BP Two Exploration Blocks in Egas 2008 Bid Round
5/13/2009 - BP has announced that the Egyptian Natural Gas Holding Company (EGAS) has awarded the company two blocks in the 2008 International bid round on the Egyptian Offshore Nile Delta. ...
Tharwa New Concession Extensions of West Esh El Mallaha
5/13/2009 - Tharwa is constantly tracking to expand its exploration acreage and maximizing its resources as one of the main objective the most recent acquired concession is “West Esh El Mallaha Extensions area”. ...

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