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Egypt: Upper Egypt
built 645 days ago
A Middle Eastern country in northeast Africa, Egypt is at the center of the Arab world. Egypt controls the Suez Canal, the shortest sea link between the Indian Ocean and the Mediterranean Sea. The country is defined by desert and the Nile, the longest river on Earth. The Nile flows north out of central Africa, cascading over the cataracts (waterfalls) through Upper (southern) Egypt and Lower (northern) Egypt to the Mediterranean Sea—with a mountainous desert to the east, a rolling drier desert to the west, and the vast Sahara to the south.
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Natural gas demand has grown rapidly in Egypt as thermal power plants, which account for about 65 percent of Egypt's total gas consumption, have switched from oil to gas. Domestic natural gas consumers are to be served by several private distributors, franchises for which were awarded in late 1998. One of the franchises, awarded to a team headed by BG and including the Egyptian construction firm Orascom and Petronas of Malaysia, built distribution infrastructure in Upper Egypt as far south as Asyut, where no piped natural gas had been available.
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In 1798 France was at war with Britain, and French general Napoleon Bonaparte led a large-scale invasion of Egypt to disrupt British commerce in the region. Bonaparte quickly established French rule in the Nile Delta and Cairo and set out to conquer lands farther east and south. However, he encountered stiff resistance from the Mamluks in Upper Egypt and from the Ottomans in Palestine and Syria. In August 1798 the British navy destroyed the French fleet as it lay at anchor in Abū Qīr Bay near Alexandria. In 1799 Napoleon escaped to France, leaving behind a French army of occupation. British and Ottoman troops expelled this army in 1801, ending the French presence in Egypt.
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The company is ... among the nine highest producing companies by production of barrels of oil equivalent (boe), out of the 64 companies active in Egypt's oil & gas sector. Centurion Energy (link here) was acquired by Dana Gas in a $ 950 million deal that cements Dana Gas' important position in the upstream exploration and production sector for natural gas in the Middle East. Centurion ended 2006 with estimated gas reserves of approximately 100 million boe, gas production of over 31,000 boe/ day, and operating cash flows of approximately US $90 million. Dana Gas will also benefit from Centurion's further exploration potential of 26,300 square kilometers in the Nile Delta and Upper Egypt, and has been approached by several of the major international energy companies for potential collaboration in this area.
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Upper Egypt