Issue: November 2014



  • Arab Oil Aid and the Path to Egypt’s Upstream Independence

    The 2013/2014 fiscal year has ushered in many significant changes for Egypt’s economy and energy sector. Renewed efforts to pay off foreign debts and fuel subsidy cuts were the major features of president Sisi’s initial economic reform measures, and an upsurge in aid from Arab countries – much of it in the form of oil assistance – has contributed to meeting the countries significant energy demands. While Mohamed Morsi’s year as president was in some ways defined by the near $7.5 billion in financial aid from Qatar, which is now in the process of being returned, Egypt was flooded with billions of dollars from the United Arab Emirates, Saudi Arabia, and Kuwait, following Morsi’s ouster in support of the new regime. Regardless of the political implications, this new roster of foreign donors is proving essential to Egypt’s economic future.


  • Russia, Ukraine, the EU and Gas: Will it Ever End?  

    Russia and Ukraine have a long history of disputes revolving around natural gas since Ukraine’s independence in 1992. In the last ten years the world witnessed three fallouts. The most recent of these came with a political background that proved neither simple, nor easily resolved. The current economic sanctions on Russia, which were imposed as a reaction to the political turmoil in Ukraine, affected the gas industry in numerous ways. While Russia is conquering new markets in China, Europe is feverishly diversifying its energy market.

  • The Latest on Fracking

    Hydraulic Fracturing, more commonly referred to as fracking, has now gone international. The USA has been fracking for decades, but now Egypt, South Africa, the United Kingdom, China and Mexico are exploring the previously difficult to recover gas and oil reserves.

  • Government Efforts to Stem the Decline in Oil and Gas Production

    In an attempt to overcome severe energy shortage and to stem the decline in oil and gas production, the government has recently awarded twelve new exploration blocks to international oil companies (IOCs)

  • Interview With Mr. Maximilian Feller, General Manager of RWE Dea, Egypt

    By profession I am a Petroleum engineer. I have been engaged in various positions in companies operating in the oil and gas industry, including countries like Kazakhstan, Romania, Pakistan, and Libya. In 2008 I have been appointed as General Manager for the Suez Oil Company (SUCO), the joint venture of RWE Dea and the Egyptian General Petroleum Company (EGPC).

  • Stranded Gas: Technology Today and Future Challenges

    Natural Gas is the world’s fastest-growing type of energy. Its use, according to many sources such as the Wall Street Journal, is predicted to at least double between 2000 and 2020. Many factors contribute to this surge in demand. First of all, population growth is a factor – more people equal the need for more energy. Oil, although still plentiful, is getting harder to recover. With environmental concerns rising all over the world, clean-burning natural gas is seen in a more positive light than coal, oil, or nuclear power. Many countries that previously had little or no modern infrastructure are now developing it. All of these factors add up to a vastly increased demand for natural gas, and the unfortunate possibility of an equivalent price rise. Current natural gas reserves for the entire planet are estimated at 6,100 trillion cubic feet (tcf), according to EIA estimates. Of these reserves, at least half are considered stranded.

  • Militant Groups in Egypt: Aims, Threats, and the ‘War on Terror’

    Eid Al-Adha was a time of heightened security in Cairo, after Ansar Beit Al-Maqdis (ABM) – Egypt’s most prolific recent militant group - had threatened to make the start of the festival a “black day” for the security forces.

  • Dana Gas: Investing for Growth in Egypt

    Dr. Mark Fenton, Dana Gas Egypt’s General Manager, opened the event with a word to the gathering crowd –including the UAE Ambassador in Egypt His Excellency Mohamed Bin Nakheira Al-Zahiri, the UAE Minister of State His Excellency Dr. Sultan Ahmed Al Gaber, EGAS Chairman Khaled Badie and Eng. Tarek El Mulla Chairman of the EGPC– announcing Dana Gas’ forthcoming investment plans in the country.