Head of the Egyptian Natural Gas Company (Gasco) Magdi Tawfiq said the company is waiting for the conclusion of an attorney investigation before assessing the explosion site, calculating losses and beginning repairs on the gas line.
Tawfiq also (...)
CAIRO: Egypt will resume pumping natural gas to Israel and Jordan tomorrow as a trial run, according to a source in Egypt's Ministry of Petroleum. The flow will be less than normal.
The source said Jasco, the company responsible for pumping the (...)
Deputy director of the General Petroleum Authority, Mohamed Shoeb, said the consumption rates of petrol 80 rose from 20 to 25 percent.
Shoeb said that the consumption rate of petrol 80 increased to 21 million liters a day, up from last month's (...)
The Jordanian cabinet's reshuffle may delay signing the agreement of reforming Egyptian gas prices, which the Egyptian cabinet agreed upon on Thursday October 20.
Sources at the Egyptian Ministry of Petroleum said the agreement will be signed (...)
Egypt resumed exporting natural gas to Jordon on Thursday October 20 and to Israel Sunday October 22, according to sources in the Egyptian Ministry of Petroleum.
The gas pipeline transferring Egyptian gas to Israel and Jordon exploded on (...)
The Qatari government is holding negotiations with Israel regarding natural gas after the Egyptian-Israeli natural gas pipeline once again suffered an attack.
Israel is making preparations to receive Qatari liquid natural gas carriers, including (...)
Seven Egyptian artists displayed their artwork in the French Autumn Salon, planned every two years. It will be held on October 12 to 17 this year in Paris.
Egyptian paintings to be exhibited are called Visible Poetry. They express the Egyptian (...)
Negotiations between Israeli and Egyptian officials over gas export prices stalled amidst heightened diplomatic tension caused by protestors' siege on the Israeli embassy in Giza, a petroleum source reported.
The siege forced the Israeli (...)
CAIRO, Egypt: Smuggling, black markets, high prices and rumor-spreading about a lack of Petrol 80 “caused the current crisis of Petrol 80 in Egyptian markets,” said First Undersecretary of the Ministry of Petrol Mahmoud Nazeem.
"Some resellers (...)
CAIRO: Negotiations about forming prices of Egyptian gas export to Israel did not stop after the last explosion of the gas pipeline, according to the head of Holding Company for Natural Gas, Hassan Mahdy.
Mahdy said negotiations will take time to (...)
Egypt's Ministry of Petroleum will hold international bidding for oil and gas drilling rights in the western desert in August 2011.
"Israeli companies are excluded from bidding," said a source in the Ministry of Petroleum.
The source said all (...)
CAIRO: New investments will be carried out in order to increase production rates of the petrol Wastani Company, said the company's chairman, Farg Suleiman.
The company invests $120 m to maintain petrol wells. Two newly discovered petrol wells are (...)
CAIRO: “The petroleum sector is still carrying out negotiations about gas export prices,” said Minister of Petroleum Abdallah Ghorab. “There is no choice other than providing an agreement satisfactory for the Egyptian side.”
Ghorab added, “a (...)
Marine navigation has seen increasing profits so far this year. The ‘Maridive' company for navigation services shows an increase of its profits to $18.9 million during the first quarter of 2011. Profits during the same period last year reached $15.4 (...)
The General Petroleum Company launched an initiative to support Egyptian national economy by deducting ten EGP (U.S. $1.68) and a full day of employees' salary. This deduction will be transferred to the Egyptian Economy Support Account monthly. The (...)