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Egypt to drill 520 exploratory oil & gas wells

Yazan: Ali Shakhtur | 04 January 2010 | No Comments
Categories: Comercio Internacional, Energia, English

The plan envisages drilling 36 gas wells in the country’s northern delta coast, the southern governorates of Qena and Aswan, west of the Nile River, and the southern border areas. The plan is expected to increase the country’s oil and gas reserves and boost the energy production remarkably, according to a statement issued by the [...]

Oil Price at US$200 per Barrel?

Yazan: Ali Shakhtur | 15 May 2009 | 2 Comments
Categories: Comercio Internacional, Energia, English

Interesting opinion of the Egyptian Minister of Oil (www.bostonherald.com). Falling investments and increasing delays in energy sector projects because of the global meltdown could lead to oil spiking to over $200 per barrel, Egypt’s oil minister warned today, highlighting industry concerns that supply will fall short of demand once the world rebounds from its current [...]