Issue: October 2014



  • Militant Violence Spillover from Libya: The Threat to Egypt’s Oil and Gas Sector

    Since the ouster of Muammar el-Qaddafi in 2011, the oil-rich country of Libya has descended into unrelenting violence, with rising fears that unrest could spill over the border into Egypt. The United Nations and foreign embassies in Libya have evacuated their staff and citizens, and many foreign airlines have terminated flights to Libya. Egyptian officials are openly anxious about growing links between militant groups in Libya and Egypt. With refinery attacks in Libya, and cross-border violence encroaching on Egypt’s Western Desert oil fields, concerns within the oil and gas industry are mounting.


  • Can Subsidy Cuts Curb the Energy Black Market?

    “In every country in the world there is a black market,” says Sherif El-Diwany, Executive Director of the Egyptian Center for Economic Studies. “But ours is huge and that’s what makes it so damaging for the economy.”
    An energy market distorted by subsidies provides an environment that is ripe for shortages and exploitation of black market profits. In early July, the Egyptian government announced a range of drastic cuts to energy subsidies. Subsidized gasoline and diesel fuel prices rose by as much as 78%. Electricity subsidies are to be completely phased out over a five-year period, with prices set in rise by up to 56% in some pricing tiers in the short-term. Natural gas subsidies to several industries are being slashed.

  • Enhanced Oil Recovery: A Cornerstone In Egypt’s Future Energy Development

    Faced with an increase in the need for oil globally, energy companies have two choices: First, they can discover new fields; the second choice is to find a way to increase production for their current fields. Generally speaking, this second option is called EOR, or Enhanced Oil Recovery (it may also be referred to as Increased Oil Recovery or IOR). EOR can recover 30-60% of a site’s oil, as opposed to 20-40% using primary or secondary recovery, as stated by George Douglas Hobson in his “Introduction to Petroleum Geology.” This article will discuss the history of Enhanced Oil Recovery, several methods of recovery that fall under the broad definition of Enhanced Oil Recovery. It will also point out the current use of these methods in Egypt.

  • An Argument for Direct Marketing: Need More Power? Free up the Gas

    Power cuts and blackouts lasting between four and five hours are becoming a daily norm in Egypt, and the deficit between consumption and generation is widening year after year. It is not an installed generation capacity problem: on paper, Egypt has a 33,000 MW installed power generation capacity. As of 2014, all the fuel-to-power available is enough to generate only 22,000 MW compared to summer peak loads of 26,000-27,000 MW. So the installed capacity, even at 80% efficiency is enough to meet the summer peak loads.

  • Short Term Pain, Long Term Benefits

    Gas and fuel prices soared this July, after the new Egyptian government reduced subsidies. Electricity shortages continued with the price of electricity set to double over the next five years.

  • Cairo Energy 2014

    Under the Patronage of HE Engineer Sherif Ismail , Minister of Petroleum & Mineral PETROJET Sponsors Key Renewables Conference

    The Cairo Energy Oil and Gas International Conference organized by the Pyramids Group Fair Organization under the patronage of Eng. Sherif Ismail the Minister of Petroleum and the Egyptian General Petroleum Company (EGPC), took place from September 6th through the 9th 2014 at the Cairo International Convention & Exhibition centre (CICC) in Cairo. The event was sponsored by PETROJET- the official sponser, Egyptian Maintenance Co. (EMC), AIDMO, General Electric, EGAS, Ganope, ABB and Scheider.

  • GE Oil & Gas and Petrojet Mark the Manufacture of 1000th Pumping Unit for Oil and Gas sector in Egypt

    Cairo, Egypt; September 22, 2014: GE Oil & Gas (NYSE: GE) and Petrojet Egypt, a multidisciplinary contractor who specializes in providing EPC services for the oil and gas sector, celebrated the local manufacture in Egypt of the 1000th API Certified Sucker Rod pumping unit.

  • Belayim Development Project- New Land Oil Train

    Existing plant separation units are not achieving the required oil/water separation due to increasing water cut (80%) and aging of the equipment (20 years).

    Meeting the increased production of the plant (200 KBPD vs. 90 KPBD current capacity).