Egypt’s Oil Ministry Mulls Revival of Seabird Bid in Gulf of Suez
Tuesday, 8th March 2016
The Ministry of Petroleum is considering the revival of the seabird (Tair al-Bahr) bid in the southern Gulf of Suez and the inclusion of an Egyptian partner in order to increase the role of Egyptian companies in petroleum exploration and production.
Ganope to Announce Results of Bidding For Exploration of Oil and Gas in 10 Blocks by Mid-August
Tuesday, 28th July 2015
Ganope intends to announce, by the middle of next month, the names of foreign companies who won the oil and gas exploration bids for the 10 new blocks issued at the beginning of this year.
Update: Egypt to Receive 2nd LNG Floating Terminal
Monday, 27th April 2015
After Ministry of Petroleum's announcement earlier last month of the arrival of a 2nd terminal in August of this year. EGAS reported that plans to receive the floating terminal in Ain Sokhna have changed for security reasons.
Thursday, 26th February 2015
Egypt Hopes to Bring Back Investors With New Legislation
New proposed legislation aims to make Egypt attractive for investments by eradicating bureaucracy that drains investors’ time and energy while they try to obtain the licenses needed to start their projects. The “investment window” system will ensure this, as it creates a single window through which the investor finalizes all the required conditions to get a license, without having to go to several parties and ministries, as was the case before. An investment committee will represent the investor in all matters and will adopt a mechanism to resolve disputes when they arise. The decision of this committee, as the body in charge of settling conflicts in investment contracts, will be final.