Norwegian Energy Partners is pleased to invite partners to participate in the Norwegian pavilion and delegation programme at EGYPS 2020.
Norwegian Energy Partners are pleased to invite you to participate in the Norwegian Pavillion at EGYPS 2019
Opportunity for members to meet Norwegian Energy Partners' Advisor and discuss your Saudi Arabia and Egypt business strategy and actions.
Energy Advisor for Saudi Arabia and Egypt, Mr. Osama Kamal, will be in Norway to meet Partners in the period from 3rd to the 8th of May 2018.
Osama will be available for meetings in Stavanger, Oslo and Bergen.
Saudi Arabia Workshop and One 2 One meetings in Oslo 2 May 2018
Call for interest!
Opportunity for members to meet Norwegian Energy Partners' Advisor and discuss your Egypt or Saudi Arabia business strategy and actions.
INTSOK visited Egypt on a fact-finding mission in October 2016, meeting a very representative group of decision makers, from the Minister of Petroleum and Mineral Resources, to the chairmen of EGPC, EGAS, Ganoub El-Wadi as well as the management of JV Companies.
Please go to the event to see all presentations:
During a visit to Egypt in October 2016, INTSOK met with the Egyptian National Oil Companies, (EGPC, EGAS and Ganope). EGAS gave a good and very detailed presentation about the natural gas industry in Egypt, which now is becoming the engine of growth in the Egyptian economy.
The gas boom in Egypt is not only giving the country a new dawn in terms of energy, it is also forging new geopolitical alliances. Egypt has developed new economic ties with Israel and Jordan through the piping of gas, and as the gas production growth continues, it will serve as an important gas exporter to Europe. The authorities are eager for the sector to continue to prosper, and are further fueling the fire by offering new acreage in the Red Sea and the western sector of the Mediterranean.
This is an excerpt from the Annual Offshore Oil & Gas market report 2020 - 2023 .
Extensive report covering general issues and the oil & gas sector in particular.
Egypt is the third largest economy in the Arab world and is getting its economy back on track. GDP growth is projected to reach 5.8% in 2020.
There are around 50 international petroleum companies currently operating in Egypt in exploration, drilling and oil extraction and the country has a relatively large but underutilized natural gas export infrastructure.
Egypt’s Oil Minister, Tarek El Molla, said that the country will increase its natural gas production to between 5.5 and 6 bcf/d by the end of 2019, Reuters reported. Egypt currently produces 3.9 bcf /d of natural gas. The minister also added that Egypt currently has 12 ongoing natural gas field development projects that required a total of US$ 33billion of investments. Three of these 12 projects, which include the mammoth Mediterranean gas field Zohr discovered by Italy’s Eni last year, are forecast to collectively bring in 4.6bcf/d, by the beginning of 2019.
INTSOK advisor Osama Kamal delivers an overview of the most important oil companies and joint ventures in Egypt per date.