Sources within the Petroleum Ministry said Monday that the ministry has increased exports of liquefied natural gas through the Damietta plant in the past year in order to generate hard currency and repay debts owed to foreign partners and (...)
Anonymous masked men blew up a portion of the natural gas pipeline running from Sinai to Israel and Jordan Thursday for the seventh time since the 25 January revolution. The saboteurs wrote a message in the sand near the pipeline that read: "We (...)
The United Arab Emirates (UAE) ambassador in Cairo, Mohamed al-Zahiry, said on Sunday that his country is lending Egypt US$1.5 billion to finance small and medium-size projects.
“We seek to help the young people of Egypt,” he said, adding that the (...)
The Egyptian Natural Gas Company (GASCO), the company responsible for exporting natural gas to Israel, denied on Wednesday that gas exports to Israel had been resumed.
GASCO Head Magdy Tawfiq told Al-Masry Al-Youm that repair work is still ongoing (...)
Al-Masry Al-Youm has obtained 30 secret documents relating to the gas export deal struck between Israel and the regime of ousted President Hosni Mubarak, some of which implicate former intelligence chief Omar Suleiman in arranging the deal.
The (...)
Egypt would not accept any export deal that offers Israel lower natural gas prices than it charges Jordan, Petroleum Minister Abdallah Ghorab said Tuesday.
His statements came one day after official ministry sources said Jordan had agreed to raise (...)
The Egyptian Natural Gas Company Gasco (GASCO) on Wednesday resumed operation of the Arish gas pipeline, which is to transmit natural gas to Jordan and Israel on a trial basis. The pipeline also supplies a power station and a cement factory in (...)
Two companies holding shares in the East Mediterranean Gas Company (EMG), which is responsible for natural gas exports to Israel, have threatened international arbitration against the Egyptian government if the suspension of gas exports to Israel (...)
The Gulf state of Qatar has supported the Interim Transitional National Council in the rebel-held Libyan city of Benghazi with US$35 million over the past two weeks, informed sources have revealed.
The sources, who refused to be named, told Al-Masry (...)
The Egyptian Natural Gas Holding Company (EGAS) has announced that it is making preparations for a test pumping of gas to Jordan and Israel to take place in the next few hours. The prepaprations included raising gas pressure inside the pipline that (...)
Mohamed Ibrahim Tawilla, head of the East Mediterranean Gas Company (EMG), which supplies natural gas from Egypt to Israel, denied rumors that he had resigned from the company.
Tawilla confirmed that Egyptian businessman Hussein Salem sold his (...)
Mohamed Ibrahim Tawila, president of Egyptian energy company Eastern Mediterranean Gas (EMG)--best known for its controversial gas export deals with Israel--has resigned following Egypt's 25 January uprising.
Sources close to EMG said Tawila, 70, is (...)
Petroleum Minister Sameh Fahmy on Monday said his ministry implemented a new system for deep water gas exploration by foreign companies.
In accordance with the system's rules, the Egyptian government will not bear exploration costs, which are (...)
President Hosni Mubarak has recently agreed with Qatari Emir Sheikh Hamad bin Khalifa to build a joint pipeline through which Qatar might export natural gas to Egypt, Trade Minister Rachid Mohamed Rachid said on Tuesday.
The proposed pipeline, the (...)
South African oil company Petro SA recently announced plans to invest a total of US$300 million in oil and natural gas exploration in Egypt.
“We've already begun exploration in Egypt's Western Desert,” said Petro SA Assistant Director in Egypt (...)
The question of whether to allow the import of gas for use by local factories is still under review by a joint petroleum and trade ministry committee, which is expected to issue a final decision on the matter in November, according to a Petroleum (...)