Search Results for: Egyptian

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is bankrolling the development of Kazakhstan’s oil and gas reserves, a key alternative supply for the European Union (EU). It wants to lend Tasbulat Ltd Euro 60 million to help develop three medium-sized oil and gas fields in Mangistau region, western Kazakhstan, producing up to 8,000 barrels/day in 2006; Tasbulat is owned by SNP Petrom, Romania’s national oil company.…

BY KEITH NUTHALL
A SERIES of exemptions from the European Union’s (EU) new energy taxation directive have been proposed by the European Commission for the eastern and southern European countries joining the EU in May (barring Cyprus).

They would be added to the already long list of exemptions negotiated by existing Member States that prompted EU internal market Commissioner Frits Bolkestein to liken the legislation to “Gruyere cheese”.…

BY KEITH NUTHALL
A CONSORTIUM of major gas players has received a significant US$372 million loan from the European Investment Bank to construct the first phase of a new major liquefied natural gas (LNG) plant in Idku, Egypt, which will be able to export supplies to Europe from nearby Alexandria.…

BY KEITH NUTHALL
A COMPREHENSIVE deal over third party access to gas pipelines has been agreed between German joint venture BEB and the European Commission, leading to Brussels closing its competition investigation into the company’s refusal to allow Norway’s Marathon to pump gas into its infrastructure.…

BY MARK ROWE
ISRAEL’S Eilat-Ashkelon Pipeline Company is swapping Egyptian crude oil for Russian this month (June), the final stage of a plan to transport Russian and Caspian crude to Eilat, on the Red Sea, for easier sale into Asia. The company last month awarded a tender to swap Egyptian crude oil for Russia’s sour Urals crude.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank is planning to lend Egypt up to US$450 million to build a natural gas liquefaction plant, enabling the country to export a large chunk of its plentiful gas reserves. The El Behera Natural Gas Liquefaction Company plant would handle 3.6 million tonnes per year and include a tanker-loading jetty at its site at Idku, 50 km east of Alexandria.…

BY KEITH NUTHALL
THE DISPUTES Settlement Body of the World Organisation has set up a panel to settle the row between Turkey and Egypt, over the anti-dumping duties that have been imposed by Cairo on Turkish imports of concrete steel reinforcing bar.…

Keith Nuthall
THE EUROPEAN Union has promised to “significantly improve” its import quota and tariff arrangements for cotton exports from Egypt under an Association Agreement that has recently been signed by Brussels and Cairo. However European Commission officials told Textile Month that there was unlikely to be any dramatic increases in Egyptian shipments because of concessions already made by the EU to Egypt in recent years under a pre-existing economic cooperation agreement.…