Turkey declares oil refinery as special industrial zone - YENI SAFAK / ANADOLU AGENCY

October 20, 2018  11:14 

A presidential decree has declared a newly-opened oil refinery in western Izmir province as the first special industrial zone in Turkey, the Industry and Technology Ministry said Saturday.

Industry and Technology Minister Mustafa Varank said in a statement that the oil refinery will reduce Turkey's foreign trade deficit annually by $1.5 billion.

"The STAR refinery is the biggest real sector investment made at a time in Turkey," he said.

He stressed on the importance of petrochemical investments in terms of high value-added production, employment opportunities and balance of payments.

Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well - DAILY NEWS EGYPT

Thursday October 18, 2018

Mohamed Adel

Italian Eni has recently signed an agreement with the Petroleum Ministry regarding the pricing of the gas produced from the Faramid well (TEKMOR Note: East Obayed Concession), which was recently discovered in the company’s concession area in the Western Sahara. The pricing was agreed to be $2.6 per one million thermal units.

A source at EGAS told Daily New Egypt that about 23m cubic feet of gas will be produced daily from the Farameet well.

He pointed out that the well’s production will be connected to Obayed’s gas processing plant, owned by Dutch Shell.

BP to produce 60 mcf/d of natgas from Katameya well in 2020 - ENTERPRISE

Thursday, 18 October 2018

BP will begin producing 60 mcf/d of natural gas from its Katameya Shallow-1 exploration well in the North Damietta East Delta marine concession by 2020, a source from the industry told Youm7. 

Early works on the well are due to begin soon as BP had promised in April to begin production by no later than early 2020. 

The well has 90 bcf of reserves.

ENERGY: Washington against any actions that raises tension in Cyprus gas search - FINANCIAL MIRROR

17 October, 2018

Washington discourages any actions or rhetoric that raises tensions in the East Med, a US State Department official said in response to a question on Turkish provocations in Cyprus’ Exclusive Economic Zone.

“US policy on Cyprus’ EEZ is longstanding and has not changed: The United States recognises the right of the Republic of Cyprus to develop its resources in its Exclusive Economic Zone, said the official.

“We continue to believe the island’s oil and gas resources, like all of its resources, should be equitably shared between both communities in the context of an overall settlement. We discourage any actions or rhetoric that increase tensions in the region,” the official added.

Turkey has warned foreign companies from exploring for gas offshore Cyprus and said it would act to protect its interests.

Ankara also plans to start exploring for hydrocarbons in the region around the same time that US energy giant ExxonMobil is scheduled to begin test drills off Cyprus.

Egypt's petroleum minister says one FSRU vessel to leave before week-end - ZAWYA / REUTERS

16 OCTOBER, 2018
Ehab Farouk

CAIRO - Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week.

Tarek El Molla said that another vessel would stay behind as part of the petroleum ministry's strategy to maintain energy supplies for the country.

Reporting by Ehab Farouk, writing by Sami Aboudi; Editing by Kirsten Donovan

Cyprus missing out on a good gas deal, expert says - CYPRUS MAIL

October 16, 2018

Elias Hazou

Greek oil and gas company Energean, which has offered to pipe gas to Cyprus from its Israeli offshore leases at a highly competitive price, has responded to the energy minister who said the company does not have an export permit from the Israeli government and that therefore its proposal is invalid.

In a press release last Friday, Energean Oil & Gas Plc said it has submitted to the government a proposal “to supply Cyprus with natural gas as of the first quarter of 2021, without the investment cost burdening Cypriot taxpayers, and at a particularly competitive price”.

It added: “The company respects and complies with regulations and the regulatory framework in each country where it operates and, evidently, we have confirmed our capability to supply Cyprus with natural gas on the basis of the already-submitted offer.”

Energean was responding to energy minister, Giorgos Lakkotrypis, who a day earlier appeared to dismiss outright the company’s offer.

Deconstructing the Leviathan: The future of how Israel fuels itself? - THE JERUSALEM POST

OCTOBER 14, 2018 06:34 

Erica Schachne

 
Noble Energy’s plan to extract natural gas via the game-changing pipe seems like a win-win for the Israeli government, the Israeli people and neighbors like Jordan, Egypt and Cyprus.

• Noble Energy to sell $800 million stake of Tamar natural-gas field
• Noble Energy, partners acquire Egypt-Israel gas pipeline stake for $518m

The process of culling natural gas from the massive Leviathan pipeline, expected to be the largest infrastructure project in Israel’s history and a boon to the Israeli economy, is very much on its way.

This past summer, I joined Noble Energy’s trip to its Texas-based offices and operations to learn precisely how it was constructing Leviathan, set to go in waters 9.7 kilometers off the Haifa coast. Noble finally kicked off the project in 2017 – almost seven years after many billions of shekels worth of natural gas was first found in the colossal Mediterranean Sea field off Dor Beach. The discovery came around a year after the Tamar field was found, with the gas there also being extracted by Noble.