Over the course of 2014 Egypt’s energy sector has seen some welcome developments. The announcement of a debt-repayment programme for funds owed to international oil companies (IOCs) has restored confidence in the upstream segment and brought pledges of increased investment from larger operators such as the UK’s BP.
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Articles & Analysis | Efforts are being devoted to increasing production and capacity, despite some delays from The Report: Egypt 2014
Interviews & Viewpoints | OBG talks to Ibrahim Sarhan, Chairman, e-finance from The Report: Egypt 2014
In light of the challenge of meeting rising energy demand, how can electronic processes improve the rationalisation of energy subsidies?
Interviews & Viewpoints | OBG talks to Ross Clarkson, CEO, TransGlobe from The Report: Egypt 2014
Articles & Analysis | The sector must tackle increasing local demand while trying to ramp up exports from The Report: Egypt 2014
With some of the largest reserves of natural gas on the continent and a robust long-term upstream outlook, Egypt’s natural gas industry has made a significant turnaround by switching from exporting to importing. In the first decade of this century, Egypt went about exploiting its gas resource with great success, doubling production between 2000 and 2006. However, after a peak...
Articles & Analysis | The government must weigh support for subsidies against the need for more sustainable development from The Report: Egypt 2014
Thanks to their lengthy development cycles, Egypt’s oil and gas fields have continued to attract foreign investment steadily over the past three years, in spite of the broader instability in the country. The reserves remain extensive enough to ensure continued interest in them for years to come. Nevertheless, there has been a plateau in production levels and, due to rising...
A major contract has been awarded in Trinidad & Tobago, which will act as a roadmap for the exploitation of gas reserves in deeper waters and boost output over the next 10 years. The award comes amid concern that existing reserves are dwindling and government revenue from its key export commodity is declining.