OIL AND GAS

23 May 2017

Refiner plays down Egypt risks

China Petroleum & Chemical Corp, or Sinopec, has played down concerns about potential risks to the value of its investment in the Apache project in Egypt.

The north African country has been in political turmoil"...

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22 May 2017

Egypt pays $20 million in arrears to UAE's Dana Gas

The UAE’s Sharjah-based Dana Gas company has received an installment of $20 million from the Egyptian government for outstanding arrears, the company said on Sunday.

Egypt paid the $20 million in local currency,"...

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21 May 2017

Egyptian new refinery to begin production in 2018

The Egyptian minister of petroleum and mineral resources said that the Egyptian Refining Company’s (ERC) project is expected to be begin operating by the end of 2017.

The minister added on the sidelines"...

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18 May 2017

Russia's Rosneft says eyes joint oil supplies to Egypt with Italy's Eni

Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday. The deal was signed as part of Italian Prime Minister Paolo Gentiloni's visit to Russia, during which he met with Russian President Vladimir Putin. Rosneft said the agreement calls for expanded cooperation in hydrocarbon production, refining, marketing and trading, including in the Egyptian Zohr offshore project, where Eni controls......

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17 May 2017

Egypt's Sisi: Newly-discovered oil fields to save about $3.6bln yearly

Egyptian President Abdel Fattah al-Sisi said he expected that recently discovered oil fields would save Egypt about $3.6 billion yearly as they start coming into production, state-run newspapers"...

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16 May 2017

Iraq to send 2 million barrels of crude oil on Tuesday: Egypt's EGPC

Egypt is set to receive Iraq’s first crude oil shipment on Tuesday, amounting to 2 million barrels, as part of a deal with the Iraqi state oil marketing company SOMO.

“The crude shipments will arrive"...

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13 May 2017

Cyprus Hopes Giant Egypt Gas Find Extends Into Cypriot Waters

Following the giant Zohr gas discovery offshore Egypt in 2015, Cyprus has boosted efforts to award drilling licenses and hopes that the geology of Zohr extends into Cyprus’s exclusive economic zone, Cypriot Energy Minister Yiorgos Lakkotrypis told Reuters"...

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13 May 2017

BP Announces First Gas from 2 Offshore Wells in Egypt

Energy giant BP Plc BP recently announced that it has commenced gas production from first two fields of West Nile Delta project, located offshore Egypt. First gas from the Taurus and Libra fields marked the start-up of the second upstream"...

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13 May 2017

Festival City's IMAGINE Show with Panasonic Projectors Receives Second Guinness World Record 

(ME NewsWire)-- Guinness World Records recognized IMAGINE, the latest multimedia attraction in Dubai, for the World's Largest Permanent Projection Mapping after a three-month successful run, using over 60 Panasonic projectors covering approximately"...

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13 May 2017

TSYS Signs Payments Agreement with QIIB 

(ME NewsWire)-- TSYS (NYSE: TSS) announced today that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.

QIIB"...

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