News / Egypt

    • Energean Announces Final Investment Decision for Offshore Egypt Project

      Energean Announces Final Investment Decision for Offshore Egypt Project

      Thursday, 21st January 2021

      Energean announces the North El Amriya (NEA), and North Idkunea concession (NI) Final Investment Decision in offshore Egypt.

    • Egypt Applies New Jet Fuel Price Reductions

      Egypt Applies New Jet Fuel Price Reductions

      Thursday, 21st January 2021

      Egypt reduces jet fuel prices by 15 cents per gallon until the end of 2021 to support the tourism and aviation sectors.

    • Egypt Signs 5 Gold Exploration Contracts with $13 MM Investments

      Egypt Signs 5 Gold Exploration Contracts with $13 MM Investments

      Thursday, 21st January 2021

      The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of five gold exploration contracts for Canadian and Egyptian companies with the Egyptian Mineral Resources Authority (EMRA) with $13 million investments to search in 13 areas. These are the first contracts to be signed as a result of Egypt's first 2020 gold bid round.

    • PMS Starts First Well Tests in HH Area

      PMS Starts First Well Tests in HH Area

      Thursday, 21st January 2021

      Petroleum Marine Services Company (PMS) started to execute first well test from HH areas of the General Petroleum Company (GPC), according to the General Trade Union for Petroleum Workers.

    • MoP, Shell Egypt Sign Agreement for Oil, Gas Exploration in Red Sea

      MoP, Shell Egypt Sign Agreement for Oil, Gas Exploration in Red Sea

      Wednesday, 20th January 2021

      The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.

    • Petrosafe Carries Out Maneuver to Combat Oil Spills

      Petrosafe Carries Out Maneuver to Combat Oil Spills

      Wednesday, 20th January 2021

      Petrosafe Company organized an initiative to combat marine petroleum pollution called “Misr El-Mahrousa 15” at Nasr Petroleum Academy, in the presence of the heads of companies, under the auspices of the Ministry of Petroleum and Mineral Resources (MoP), the Egyptian General Petroleum Corporation (EGPC), the Ministry of Environment, Environmental Protection Agency, and the petroleum companies dealing with the Red Sea Ports Authority.

    • Ganope to Drill 11 Wells in FY 2021/22

      Ganope to Drill 11 Wells in FY 2021/22

      Wednesday, 20th January 2021

      The Minister of Petroleum and Mineral Resources announced that the Red Sea region will witness intensive exploration and production (E&P) in oil and natural gas activities.

    • El Molla Urges Petrochemical Projects Expansion

      El Molla Urges Petrochemical Projects Expansion

      Tuesday, 19th January 2021

      The Ministry of Petroleum and Mineral Resources, Tarek El Molla, urged the Egyptian Petrochemicals Holding Company (ECHEM) to expand petrochemical projects to benefit from Egypt’s oil and natural gas resources.

    • Apex Announces New Oil Discovery in Western Desert

      Apex Announces New Oil Discovery in Western Desert

      Monday, 18th January 2021

      Apex International Energy (Apex) announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.

    • Monday Minutes: Economic Snapshot

      Monday Minutes: Economic Snapshot

      Monday, 18th January 2021

      A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

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