Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-05-26 18:35:00

EGYPT'S GAS INVESTMENTS: $13 BLN

EGYPT'S GAS INVESTMENTS: $13 BLN

The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said Monday.

Speaking at the Second Annual Energy Conference kicked off Monday in Cairo, the Egyptian official stated that the total volume of refining projects and adding new production units to existing labs recorded US$9.3 billion.

Sosa added that Egypt's petroleum sector has designed a strategy to upgrade the sample of oil agreements and legislations regulating the sector's work, with the aim of attracting more investments in sectors of petroleum and mining in addition to the petrochemicals whose investments volume amounts to US$6.2 billion.

Furthermore, the Egyptian government official noted that the petroleum sector targets maximizing the added value from mining materials in the upcoming period notably backed by the completion of drafting the mineral resources new law.

The sector also plans to achieve the highest amount of energy mix within ten years, Sosa clarified, noting that energy is the key engine for all development plans in the country.

The state-run authorities, the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) are continuously offering tenders to encourage more explorations that would contribute to boost production rates of Egypt's crude oil and natural gas within the upcoming period, Sosa said.

Moreover, Sosa elaborated that the Egyptian petroleum sector has signed 56 new petroleum agreements whose turnaround would show up in the next five years from now.

About the Second Annual Energy Conference, it has started on Monday with theme of "Energy and the Future of Investment in Egypt", aiming to discuss new developments in the field, in relation to both public and private sector, as well as domestic and international financial institutions. The availability of high growth rates in the energy sector is commensurate with the needs of the country and ongoing national projects.

The conference will focus on conventional energy, by offering opportunities in the petroleum sector, and on new sources of power, in light of the positive steps taken by the government, including the new energy tariffs and rules of land allocation.

The conference aims to discuss the energy market in Egypt and its suitability to meet the needs of the country in the coming years.

It will also review global and regional experiences in the energy sector, particularly in the new and renewable energy areas.

egyptoil-gas.com

Tags: EGYPT, GAS
EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 09:00:00

GAS PRICES UP TO $3.146

EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 08:55:00

ЦЕНА URALS: $51,81591

EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 08:45:00

RENEWABLE'S FUTURE

EGYPT'S GAS INVESTMENTS: $13 BLN September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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EGYPT'S GAS INVESTMENTS: $13 BLN
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

EGYPT'S GAS INVESTMENTS: $13 BLN
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

EGYPT'S GAS INVESTMENTS: $13 BLN
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

EGYPT'S GAS INVESTMENTS: $13 BLN
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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