Issue: December 2013



  • Meeting Egypt’s Electricity Needs

    Egypt's electricity consumption has about doubled in each of the last three decades. Until recently production managed to keep up with this pace, but it is not the case anymore. Currently, Egypt can produce up to 27,000 MW of electricity per day, whereas daily consumption reaches 29,000 MW in summer.

  • Uncertainty Amid Egypt’s Mounting Debt to IOCs

    Since the toppling of Mubarak, Egypt's energy sector has been in a perpetual state of disarray. The sector has suffered from declining production, pipeline attacks, an unsustainable subsidy system, and mounting debt. The current transitional government faces the daunting task of restoring the sector. One of the biggest hurdles is the government's USD 6.2 billion debt to IOCs. Company executives have repeatedly echoed their concerns to Egypt Oil & Gas over delayed payments. In this article experts and academics give their insight and opinions on the significance and impact of the arrears.

  • The Defendant Pleads Legitimate 

    Mohamed Morsi's appearance in court on November 4 was a sober reminder that the former president and his Muslim Brotherhood have not completely disappeared from the Egyptian political scene. Moreover, Morsi's assertion that he remains the legitimate president of Egypt revealed that the former president has not surrendered to the military's political roadmap-a plan that many Egyptians grudgingly accept as a political reality. Morsi's fate now lies in the hands of the judiciary, but that does not necessarily mean that his trial will be characterized by impartiality.

  • Interview with Bruno Boeddu, ABB’s Local Division Manager for Process Automation Egypt and Central Africa

    Egypt Oil and Gas had the opportunity to interview Mr. Bruno Boeddu, ABB's Local Division Manager for Process Automation Egypt and Central Africa. The interview addresses ABB's activities in the Egyptian oil and gas sector, as well as their goals for 2014.

  • Launching Event to Celebrate Cooperation Agreement Between Oil and Gas Skills (OGS) and PricewaterhouseCoopers ”PwC’s Academy”

    On the 10th of November 2013, PwC's Academy and OGS held the launching event of the cooperation agreement between OGS and PwC's Academy. The event took place at the JW Marriot with the attendance of numerous representatives from petroleum companies in Egypt as well as PwC Egypt. This cooperation resulted in a business alliance between the two organizations to consolidate PwC's Academy in Egypt as well as the ME training expertise to conduct and deliver selective number of training programs to OGS' expended clients' base and businesses in Egypt, UAE, Libya, Oman and Saudi Arabia.

  • Perenco’s Innovative Approaches to Egypt’s Gas Fields

    In 1975 Perenco was founded as a marine services company but spread into upstream operations in 1985. The independent oil and gas company's strategy ''evolved rapidly towards increasing production and reserves, renewing licenses and securing additional acreage for exploration and development opportunities.'' Perenco now spans onshore and offshore across the globe, with headquarters in Paris and London.

  • Gas Pipeline Project at North West Gemsa Field

    PetroAmir, established in March 2010, is a joint venture between EGPC and Greek firm Vegas Oil & Gas. PetroAmir was established for the development and production of the North West Gemsa (Amir) Field in the Zeit Bay area of the Red Sea. The monthly production, as of June 2013 is approximately 317,184 bbl of oil and 361 MMscf of gas.

  • Monthly News

    News of the month, know more about the recent activities this industry has shown during November 2013.