Issue: February 2014

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COVER

  • Egypt: Crude Democracy?

    Egypt's oil and gas sectors have been vital drivers of the economy through years of dictatorship, revolution, and democratic upheaval. Like any aspect of life in Egypt since the January 25 revolution, the industry's fortunes have ebbed and flowed. And yet its relationship with Egypt's under-construction democracy is more complex than it might first appear.

INSIDE ISSUE

  • Uncovering Egypt’s Shadowy Permits Process

    Initiating oil and gas exploration projects demands close compliance with governmental authorities, particularly the military. Holding companies under the Ministry of Petroleum award blocks in bid rounds to the most competitive bidder so that eventually, commercial development can take place in that concession area. But an extensive sequence of permits and approvals must be obtained between these two points before the IOC can begin its work.

  • Streamlining the Permit Process: Lessons from Abu Dhabi and Qatar

    According to University of Oxford energy expert Justin Dargin, no country exists in the MENA region where oil and gas permitting is an easy process for international energy companies (IOCs). However, some countries-notably Qatar and the UAE, as Dargin and other experts point out-cope much better than the rest of the region. This article looks into the permit processes in the emirate of Abu Dhabi and Qatar, and what Egypt could learn from them.

  • GUPCO: Looking Forward

    The Gulf of Suez Petroleum Company (GUPCO) is going through a significant phase in its history of almost 49 years, as the company implements a number of projects that would put GUPCO in the position it is worthy of. The most important of these projects were presented to Engineer Al-Sharif Ismail, the Minister of Petroleum and Mineral Resources, during his recent visit to Gulf of Suez in mid-November.

  • Industry Demands Solution to Egypt’s Gas-Coal Problem

    The huge load of black coal sitting on the docks in Alexandria last October was laden with symbolism.
    Lafarge, one of Egypt's largest cement multinationals, imported a shipload of coal into Alexandria without prior approval from the government. The environment ministry initiated legal proceedings soon after-a fine is likely, according to officials. ''Uncovered, and barely separated from the surrounding, densely populated residential neighborhood by a flimsy sheet of metal, the coal pile freely scattered its ashes and hazardous particles into the air,'' Louise Sarant then wrote in Mada Mas. The image of this ''giant mountain of coal'' reflects growing environmental concerns, delays, and frustration over Egypt's gas-coal issue.

  • Khalda Progress of the Hydra Gas Development Project

    The Hydra Gas Development Project of Khalda Petroleum Company initiated on April 4th 2013, and is set to complete its first phase on March 31st this year with the second phase to end September 30th. Genesis has been contracted for engineering and procurement support, while construction and installation is contracted by Petrojet. The project’s budget is USD 50 million for a USD 2.1 million expenditure. The issue date for the project was October 10th 2013, and its project managers are Neil Clark and Eng. Mohamed Ismail.

  • Monthly News

    News of the month, know more about the recent activities this industry has shown during January 2014.