Egypt

Egypt’s independent Cheiron is frontrunner for Dana Gas’ assets

Published on : 2020-01-22

MEES learns that Egyptian independent Cheiron is the frontrunner for UAE-based Dana Gas’ Egypt acreage, which was officially put on sale for $500 million in July last year. Dana’s decision to sell-up was precipitated following the flop of its Merak prospect, located in the country’s Mediterranean offshore, north of the Sinai Peninsula, just 10km from the border with Gaza.

Dana is looking to focus on its key gas assets in Iraqi Kurdistan where it partners key shareholder Crescent Petroleum.

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability