Petroleum minister reviews sector achievements in 4 years

Cairo: In the period from 2014 to 2018, Egypt signed 63 petroleum agreements with investments of $14 billion, Minister of Petroleum Tarek el- Molla said.

Molla reviewed achievements in the sector, saying that"...

NBK-Egypt signs a cooperation protocol with Egypt’s Town Gas

KUWAIT: National Bank of Kuwait – Egypt (NBK-Egypt) signed a cooperation protocol with the Egyptian Company For National Gas Distribution In Cities “Town Gas”, a subsidiary of the Egyptian Natural Gas Holding Company “EGAS” on December 4, 2018. As per the agreed"...

UPDATE 1-Egypt approves BP purchase of 25 pct of Nour gas concession

CAIRO, Dec 9 (Reuters) - BP and UAE-based Mubadala Investment Co are to buy stakes in the Nour deepwater gas concession off the northern coast of Sinai, following approval by Egypt’s petroleum ministry on Sunday.

Nour lies near the Zohr gas field, which was declared the"...

Mubadala Petroleum completes acquisition of 20% stake in Eni's Nour Concession

Mubadala Petroleum has completed the acquisition a 20% participating interest in Eni’s Nour North Sinai Offshore Area concession, an offshore exploration block in Egypt.

In the concession, which is in participation"...

Tokyo Gas Switches to Rimini Street Support for SAP Applications

(AETOS Wire)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Tokyo Gas Co., Ltd., Japan’s largest provider of city gas, has switched to Rimini Street support for its SAP BusinessObjects application. By switching to Rimini Street support, Tokyo Gas finds it now receives a vastly improved service model which is more comprehensive and responsive than what they had received before; the company can also maximize its current, stable SAP application without the need to upgrade just to stay......

Egypt to raise gas exports to Jordan to100 mcf/day by January

CAIRO – 26 November 2018: “Egypt has been exporting amounts of gas to Jordon since September and it will raise the amount to 100 million cubic feet per day by January,” Jordanian Energy Minister Hala Zawati said.

Jordan announced in August that it is going"...

Arrears owed to petroleum ministry to be paid within 5 years: electricity minister

The electricity sector will pay its outstanding dues to the ministry of petroleum within five years, after achieving balance and lifting subsidies from electricity prices totally in the fiscal year (FY) 2021/22, the Minister of Electricity and Renewable Energy Mohamed Shaker told Daily"...

Egypt settles arbitration case worth $1.75bn with Israel

The government reached an agreement to settle the international arbitration case filed by the Israel Electric Company against Egypt. The Egyptian Petroleum Corporation (EGPC) and the Egyptian Gas Holding Company (EGAS) were fined $1.75bn due to the suspension of gas exports in 2012.

Siemens, Energy-iBB contenders to Egypt-Sudan electric interconnection

Daily News Egypt has obtained the full details on the situation of the electric connection project with Sudan, as the ministry of electricity signed a contract with Siemens to install two cells for the project in the Tushka plant. The installation will be completed by January 2019.

Egypt poised to become major energy exporter

Cairo: Egypt is looking to use its vast, newly tapped undersea gas reserves to establish itself as a key energy exporter and revive its flagging economy.

Encouraged by the discovery of huge natural gas fields"...