Gulf Oil and Gas accountACCOUNT

Investigation about Export of Egyptian Gas to Israel

Source: www.gulfoilandgas.com 3/6/2011, Location: Africa

Extensive investigations are taking place with the ex-Egyptian Minister of Petroleum Sameh Fahmy regarding accusations of wasting public money in the Natural Gas deal with Israel. Sameh Fahmy is accused to sell the Egyptian Gas to Israel at a level below global prices despite the fact that many Egyptian cities suffer from severe shortage of natural gas.

Sameh denied all allegations against him and said that his aim was to boost export of the Egyptian liquified natural gas and to bring foreign currency to the country, especially with the presence of large reserves and many discoveries to support Egypt plans to export gas and to supply cities and villages in Egypt with their needs.

Unrest in MENA - The New Oil Order

Financials and Investment News in Egypt >>

Congo >>  7/17/2019 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that it has completed a fundraising (the "Fundraising") for ...
Malaysia >>  7/10/2019 - Murphy Oil Corporation (MUR) (Murphy) announced its subsidiary closed the sale to divest the fully issued share capital of the entities primarily cond...

United Kingdom >>  7/10/2019 - Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglo...
Nigeria >>  7/7/2019 - Nigerian President Muhammadu Buhari has signed up to the $3 trillion Africa free trade agreement. As the largest economy on the continent, Nigeria’s d...

United Kingdom >>  7/2/2019 - Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that is has ra...
Egypt >>  6/29/2019 - Dana Gas PJSC has received payments of $48 million (AED 177 million) from its operations in Egypt in June. These collections comprise $38 million in p...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.