{"id":602415,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/"},"modified":"2019-03-27T03:55:51","modified_gmt":"2019-03-27T03:55:51","slug":"egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/","title":{"rendered":"Egypt puts eased rules for energy companies to use their production share from new Red Sea concessions"},"content":{"rendered":"

<\/a> Companies awarded concessions in Red Sea bid round can sell at home or abroad: <\/b>The South Valley Egyptian Petroleum Holding Company (Ganope) will allow companies awarded concessions in the ongoing Red Sea bid round<\/a> to decide what to do with their share of output, Al Shorouk reports<\/a>. Companies looking to sell natural gas to third parties inside Egypt will be required to get approvals from Ganope, EGAS, and EGPC, as well as further approvals from the oil minister on the quantities, price, and sales contract. Any exports of natural gas or liquefied petroleum gas (LPG) from these concessions will also require ministerial sign-off on the quantities and price.<\/p>\n

Background:<\/b> Egypt launched a tender earlier this month for 10 oil and gas exploration blocks<\/a> off the Red Sea coast under a new production sharing contract, according to a Ganope statement (pdf)<\/a>. The Oil Ministry has been reportedly<\/a>planning to roll out new production sharing contracts with friendlier terms for international oil companies this quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Companies awarded concessions in Red Sea bid round can sell at home or abroad: The South Valley Egyptian Petroleum Holding Company (Ganope) will allow companies awarded concessions in the ongoing Red Sea bid round to decide what to do with their share of output, Al Shorouk reports. Companies looking to sell natural gas to third […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,72,7117,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602415","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-red-sea","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"69f089d8-73ad-4b2e-90cb-6da884969175","is_powered_by":true,"section_story_id":"e9b3fd22-6ad9-4f60-8ac9-2090184bd1d5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602407],"teaser":"","voice_url":""},"yoast_head":"\nEgypt puts eased rules for energy companies to use their production share from new Red Sea concessions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt puts eased rules for energy companies to use their production share from new Red Sea concessions\" \/>\n<meta property=\"og:description\" content=\"Companies awarded concessions in Red Sea bid round can sell at home or abroad: The South Valley Egyptian Petroleum Holding Company (Ganope) will allow companies awarded concessions in the ongoing Red Sea bid round to decide what to do with their share of output, Al Shorouk reports. Companies looking to sell natural gas to third […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T03:55:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt puts eased rules for energy companies to use their production share from new Red Sea concessions\",\"datePublished\":\"2019-03-27T03:55:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"Red Sea\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-puts-eased-rules-for-energy-companies-to-use-their-production-share-from-new-red-sea-concessions\/\",\"name\":\"Egypt puts eased rules for energy companies to use their production share from new Red Sea concessions - 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The company is also planning to offer new concessions in the Red Sea.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630392,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/egas-ganope-sign-offshore-drilling-rig-purchase-agreement-with-toyota\/","url_meta":{"origin":602415,"position":4},"title":"EGAS, GANOPE sign offshore drilling rig purchase agreement with Toyota","author":"enterpriseam admin","date":"19 April 2018","format":false,"excerpt":"A string of news from the petroleum industry is worthy of your attention this morning, all stemming from the 9th Mediterranean Offshore Conference, which saw a number of IOCs on Tuesday \u2014 including Shell, Eni, and Edison \u2014 make commitments to expand and expedite their activities in Egypt: EGAS and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590653,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/egypts-oil-ministry-announces-names-of-red-sea-bid-bid-round-winners\/","url_meta":{"origin":602415,"position":5},"title":"Egypt\u2019s Oil Ministry announces names of Red Sea bid bid round winners:","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"Oil Ministry announces Red Sea bid round results: The Oil Ministry has awarded oil and gas exploration concessions to each of Chevron, Shell, and the UAE\u2019s Mubadala in a bid round for blocks off the Red Sea coast, the ministry said in a statement (pdf). 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