Pretorian oil operations halted in Egypt

Egypt’s Fertilizer Producers Halt Operations

  • Pretorian oil operations halted in Egypt
  • Pretorian oil operations halted in Egypt
  • Pretorian oil operations halted in Egypt
  • Pretorian oil operations halted in Egypt

Egypt's Abu Qir Fertilizers Halts Operations

More than A 100-year journey Egypt Oil & Gas

Why Egypt’s Oil And Gas Discoveries Are Crucial

PR Eni Agiba Meleiha Western Desert Egypt

  • When will oil & gas exploration start in Egypt?
  • According to the U.S. oil and gas giant, it is set to drill the first oil and natural gas exploration well in its concession area in the Red Sea in Egypt during the first half of 2024. This follows extensive seismic surveys, geological studies, and geophysical data collection by the company earlier this year.
  • Did Egypt 'temporarily' halt gas exports?
  • But it has now also “temporarily” halted gas exports, officials say. According to Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, Egypt’s net oil and gas imports cost $6.3bn in the year to March 2024, compared with a peak net export surplus of $4.4bn in the year to September 2022.
  • Could Egypt re-export Cypriot gas to Egypt?
  • The other gas-rich neighbour is Cyprus. For Egypt to re-export Cypriot gas would require building a pipeline from the gas fields in Cyprus to Egypt. A consortium of international oil companies plans to invest in such a pipeline, but Cyprus prefers to have its own floating LNG terminal, which would bypass Egypt.
  • Will Egypt get more gas from the East Med?
  • “The hub status was about the East Med and not Egypt’s own gas, so as long as increased Israeli and Cypriot gas flow into the LNG facilities [in Egypt] the Egyptian ambitions will remain high,” he said. But, Stevenson noted, “any increase in Israeli or even Cypriot gas won’t be for several years”.

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