{"id":632516,"date":"2018-02-13T04:10:55","date_gmt":"2018-02-13T04:10:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/"},"modified":"2018-02-13T04:10:55","modified_gmt":"2018-02-13T04:10:55","slug":"egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/","title":{"rendered":"Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt is stepping up its drive to land energy investment in the Gulf of Suez<\/strong>, Oil Minister Tarek El Molla said yesterday. The minister announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area, but \u201cdid not name the company or give any details on the agreement,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-energy-fuel\/egypt-steps-up-efforts-to-attract-gulf-of-suez-investment-idUSKBN1FW0S2\">Reuters notes<\/a>. He added that Egypt is developing a new online database in cooperation with oil and gas majors to log geological and seismic data on Egypt in a bid to promote Egypt\u2019s fields to foreign investments, <a href=\"http:\/\/www.youm7.com\/story\/2018\/2\/12\/%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-5-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%AC%D8%B0%D8%A8-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D9%83%D9%81%D8%A7%D8%A1%D8%A9-%D8%A7%D9%84%D8%A3%D8%AF%D8%A7%D8%A1\/3646179\">Youm7 reports<\/a>.<\/p>\n<p>(That last bit is a play on the trend in the wider industry of making more data available to oil and gas majors, as the Financial Times notes in its Big Read: <a href=\"https:\/\/www.ft.com\/content\/19234982-0cbb-11e8-8eb7-42f857ea9f09\"><strong>Drillers turn to big data in the hunt for more, cheaper oil<\/strong><\/a>.)<\/p>\n<p><strong>New and improved 95 octane formulation hits the market:<\/strong> Speaking at the launch of the EGYPS Petroleum Show 2018, El Molla said that the ministry has introduced a higher-quality formulation of 95 octane fuel to the market that is more compatible with newer car engines. The minister confirmed that the fuel will be <strong>sold at the same price of EGP 6.60 per liter <\/strong>through Exxon Mobil and Total gas stations as a first stage. He added that work is underway to improve the quality of fuel products in cooperation with global oil products marketers.<\/p>\n<p><strong>How many shipments does Egypt have to import before it ends LNG tenders?<\/strong> \u201cVery few,\u201d El Molla said without specifying how many LNG shipments the country has to go before tenders grind to a halt, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1Q24GT\">according to Reuters<\/a>. Observes expect that will be by the end of the year at the latest. The minister added that Egypt\u2019s current gas production stands at 5.5 bcf\/d.<\/p>\n<p><strong>We\u2019re already a regional energy hub? <\/strong>Also speaking at the conference was OPEC Secretary General Mohammed Barkindo, who said that Egypt has become a regional energy hub, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12022018&id=cb80ab96-3ba8-4cd6-b499-b0503cf3d201\">according to Al Shorouk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is stepping up its drive to land energy investment in the Gulf of Suez, Oil Minister Tarek El Molla said yesterday. The minister announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area, but \u201cdid not name the company or [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632516","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"765ea42b-415d-4399-8efb-5afdf4568494","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632509],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out - 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\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out\" \/>\n<meta property=\"og:description\" content=\"Egypt is stepping up its drive to land energy investment in the Gulf of Suez, Oil Minister Tarek El Molla said yesterday. The minister announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area, but \u201cdid not name the company or [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-13T04:10:55+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out\",\"datePublished\":\"2018-02-13T04:10:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\"},\"wordCount\":352,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-stepping-up-its-drive-to-land-energy-investment-in-the-gulf-of-suez-new-95-octane-petrol-rolling-out\/\",\"name\":\"Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out - 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Under the terms of the agreement, which is\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/2424.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626833,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/12\/oil-ministry-signs-three-new-oil-and-gas-exploration-agreements-in-gulf-of-suez-and-north-sinai\/","url_meta":{"origin":632516,"position":2},"title":"Oil Ministry signs three new oil and gas exploration agreements in Gulf of Suez and North Sinai","author":"enterpriseam admin","date":"12 July 2018","format":false,"excerpt":"Oil Ministry inks three new agreements for oil and gas exploration in North Sinai and the Gulf of Suez. The first agreement, between GHP Exploration Corp. and the South Valley Petroleum Holding Company, will see the company drill four new wells at a cost of about USD 6 mn at\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594179,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/uaes-dragon-oil-to-invest-egp-1-bn-in-newly-acquired-gulf-of-suez-assets\/","url_meta":{"origin":632516,"position":3},"title":"UAE\u2019s Dragon Oil to invest EGP 1 bn in newly acquired Gulf of Suez assets","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"INVESTMENT WATCH- UAE\u2019s Dragon Oil to invest EGP 1 bn in newly acquired Gulf of Suez assets: Emirates National Oil Company\u2019s (ENOC) subsidiary Dragon Oil is planning to invest up to EGP 1 bn over the next five years after acquiring BP\u2019s stake in Egypt\u2019s Gulf of Suez oil concessions,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":569240,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/dragon-oil-to-invest-usd-650-mn-in-egypt-over-five-years\/","url_meta":{"origin":632516,"position":4},"title":"Dragon Oil to invest USD 650 mn in Egypt over five years","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"INVESTMENT WATCH- Dragon Oil to invest USD 650 mn in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 mn in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567140,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/dragon-oil-completes-acquisition-of-bp-gulf-of-suez-assets\/","url_meta":{"origin":632516,"position":5},"title":"Dragon Oil completes acquisition of BP Gulf of Suez assets","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"M&A WATCH- Dragon Oil completes USD 500 mn acquisition of BP\u2019s Gulf of Suez assets: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has wrapped up its acquisition of BP\u2019s Gulf of Suez asset for USD 500 mn, the Oil Ministry said in a statement (pdf). A conflicting report by\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=632516"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632516\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632509"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632516"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632516"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}