Newspaper > Overview Articles

  • November 2016 Issue

    BETTER TOGETHER: Joint Ventures in Oil and Gas

    When the first joint venture was formed in Egypt in 1911, the oil and gas industry was in its infancy. Anglo-Egyptian Oilfields Company was a marriage of two private companies: Royal Dutch Shell and British Petroleum (BP). The company went on to be the major player in the industry for over fifty years, until it was nationalized in 1964 as the Egyptian General Petroleum Corporation (EGPC). As the oil and gas industry has expanded and shifted in the years since, joint ventures have played a significant role.

  • October 2016 Issue

    OILFIELD SERVICE COMPANIES ADOPT A NEW ROLE

    Oil drillers have struck a “Gusher”! This is, however, a gusher they do not want, one of red ink signifying unprofitable budgets. The overproduction of crude oil, along with low price per barrel, has led to less demand for crude, resulting in loss of revenues for oil service companies. The question is, can service companies survive the severe fall in revenues, and still remain healthy enough to perform on future contracts?

  • September 2016 Issue

    COMPLEXITIES OF REGULATORY FRAMEWORK ALTERNATIVES

    Investments in Egypt’s oil and gas sector have remained fairly weak over the last few years. This reality emerged not only because of the nation’s high political risk and unstable economic situation, but also because some legal aspects within Egypt’s oil and gas regulatory framework failed to grant both the international oil companies (IOCs) and the privately-owned oil and gas companies the rights that they were seeking.

  • August 2016 Issue

    Corporate Social Responsibility Offers Win-Win Scenario

    Corporate Social Responsibility (CSR) has recently turned into a buzz word that is trending among all the savvy oil and gas companies all over the world. These companies are frequently caught publicizing the contributions they make to the economic development of their hosting communities, which focuses on ethical, philanthropic, and environmental practices.

  • May 2016 Issue

    ZERO GAS FLARE PROSPECTS FOR Egypt

    When environmental improvement promises economic prospect, the hesitation is hardly in place. An assumption that environmental responsibility is unattractive as it comes with higher investments has already been shattered. This is particularly visible in the practices of associated petroleum gas (APG) flaring, which is truly a global conundrum.

  • April 2016 Issue

    The New Age of Zohr

    Egypt’s gigantic Zohr field has raised enormous expectations for the future of offshore exploration in the Eastern Mediterranean. As it is one of the largest gas finds in this region, there is no doubt that the country has found itself a goldmine, which has marked a launch of a new age for Egypt’s industry.

  • March 2016 Issue

    Will Foreign Investments Tip the Scales for Egypt’s Oil Industry?

    Five years of political instability and internal struggles have dealt a huge blow to the already fragile Egyptian economy. A reality that manifested itself in the dwindling foreign currency reserves of the Egyptian state, threatening pay debts its capacity to import goods and to foreign partners.

  • February 2016 Issue

    Egypt Is Not Suffering from $30 Oil. Here Is Why.

    Having reduced its foreign arrears from $7b in 2013 to $3b in 2015, discovered the largest Mediterranean natural gas field, and received investment commitments for a combined $24b from BP and Eni, Egypt’s energy sector seems to have a positive outlook, while other neighbors suffer.

  • February 2016 Issue

    Egyptian Industries Between the Dollar Crisis and the Energy Challenges

    Going into 2016, most of us are reflecting on the year gone by and looking forward to the year ahead. Many in the Egyptian industry, however, may be less than optimistic about 2016. The past year has been difficult for Egyptian industry, which has been consistently inhibited by dollar and energy shortages. Despite efforts to alleviate these challenges, these problems are not likely to be fully resolved any time soon. Looking to the year ahead, it may be helpful to recap the roots of these problems, how they affected Egyptian industry in 2015 and their possible outlook for 2016.

  • February 2016 Issue

    The Dilemma of Egypt’s Refining Goals

    For Egypt, becoming a regional petrochemical and refined product exporter would be a dream come true. If this happens, Cairo would be a heavy-hitting geographic power player, able to lessen the burden on the state budget at a time when refined product imports are less accessible in foreign reserves.