Egyptian Minster of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assembly for Ganoub El Wadi Petroleum Holding Company (Ganope).

Egyptian Prime Minister, Sherif Ismail, met with the US oil and gas producer, Apache Corporation, to discuss the company’s plans to inject investments in Egypt during the coming period on new explorations.

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the ministry will request foreign oil and gas investors to increase the number of oil wells in the Nile Delta concessions, with an aim of boosting the output to the level of about 1bcf/d.

Egyptian President Abdel Fattah El Sisi launched the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco) in Alexandria in mid August with a total investment of $1.9b.

Apache Corporation has allocated $1b in new investments in Egypt in its FY2016-17 budget, Oil Minister Tarek El Molla announced, following a meeting with Apache CEO, John Christmann, in Cairo.

Egypt's Prime Minister, Sherif Ismail, received British Petroleum’s (BP) CEO Production, Bernard Looney, and Regional President of BP North Africa, Hesham Mekawi, in the presence of the Egyptian Minister of Petroleum, Tarek El Molla, in April, to discuss the company's growing activities in the oil and gas industry in the country.