Egypt’s Zohr field to produce 500 mln sq feet of gas by 2017-end: Eni CEO
Egypt's giant gas field Zohr, recently discovered by Italian oil major Eni, is expected to produce some 500 million…
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Germany warns US over Russia sanctions
Germany warned Friday that it would not accept any new US sanctions against Russia that targeted European…
Oil minister says Egypt to start exploration in Red Sea after islands deal
Egypt's Oil Minister Tarek El-Molla said Thursday that the recently implemented Egyptian-Saudi maritime border…
Siemens in dispute with Russia over diverted turbines
Germany's industrial giant Siemens says at least two gas turbines it has supplied to a Russian company have been…
Total seen in pole position to snap up Qatar gas deals following Iran move
Total is well placed to take a lead role in helping Qatar expand output from the world's largest gas field, largely…
Egypt’s Orascom signs $100 mln contract for 650 MW power plant in Assiut
Egypt's Orascom Construction Company (OC) said Monday it has signed a contract worth $100 million to build a steam…
Britain to pump $400 mln for Egypt’s Suez Canal new power station: minister
The British International Investment Funds Association said it would inject $400 million into direct investment…
Shell plans new Egypt investment
Royal Dutch Shell Plc is planning new investments in Egypt’s petroleum sector, given that the country enjoys…
UAE’s Dana Gas receives overdue $40 million additional payment from Egypt
Sharjah-based Dana Gas said Wednesday it has received an additional $40 million (AED 147 million) from the Egyptian…
Egypt’s court acquits tycoon Hussein Salem in gas export corruption case
An Egyptian criminal court upheld on Thursday the acquittal of Mubarak-era business tycoon Hussein Salem on…