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Egypt in talks with UGS to drop USD 2 bn arbitration claim over Damietta liquefaction plant
Egypt is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) in a bid to have the European outfit drop…
Saipem negotiates USD 1.2 bn contract for more Zohr EPCI work
Italian contractor Saipem, 30% owned by Italian oil and gas major Eni, has landed a USD 1.2 bn contract for…
MOVES- Oil Minister hires new EMRA head
MOVES- Mineral resources authority gets new boss: Oil Minister Tarek El Molla appointed geologist and former deputy CEO of Egyptian…
Consortium to provide EGPC with USD 750 mn loan for arrears
A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum…
CORRECTION
CORRECTION- The EGPC owes UK’s Rockhoppers Exploration arrears of USD 1.9 mn, not USD 1.9 bn as we reported yesterday,…
Rockhoppers begins Jahraa 6 oil production in Egypt’s Abu Sennan concession
UK’s Rockhopper Exploration began production from its Jahraa 6 oil well in the Western Desert’s Abu Sennan concession, bringing the…
EGPC considering USD 750 mn loan from abroad
The Egyptian General Petroleum Company (EGPC) is considering borrowing USD 750 mn from abroad, Amwal Al Ghad reports. EGPC had…
MIDOR signs USD 1.2 bn loan agreement with three EU banks
State-owned company Middle East Oil Refinery (MIDOR) was meant to have signed yesterday the final contracts for a 10-year USD…
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