Oil and Gas Market Update for covering entire month of September 2013
- BP makes Egypt gas discovery ‐ UK oil company BP makes find at deep water East Nile Delta
- RWE Dea launches gas production in Egypt ‐ Germany’s RWE Dea has announced its first
production of natural gas from the Disouq concession in Egypt’s Nile Delta.
- Apache and Sinopec in $3.1bn Egypt asset deal ‐ Apache Corporation and Sinopec International
Petroleum Exploration and Production Corporation (SIPC) have entered into a US$3.1 billion agreement
for the sale of a 33 per cent minority share of the US company’s Egyptian upstream business. The deal
comes as part of a global strategic partnership between Apache and SIPC, the international arm of
China’s Sinopec, to jointly pursue global upstream oil and gas projects. This is Sinopec’s first entrance in
Egypt’s upstream sector.
- Egypt and Kurdistan owe more to Dana Gas, company says ‐ In Egypt, $290 million of invoices
have not been paid, $210 million of which is overdue.