According to Egypt’s official Gazette, President Abdel Fattah Al-Sisi ratified law no. 167 of 2019, allowing the Minister of Petroleum and Mineral Resources to contract with the Egyptian General Petroleum Corporation (EGPC) and Apache West Kanayes Corporation LDC to amend the commitment agreement to search for oil in West Kanayes concession in the Western Desert, Al Shorouk Reported.
This law was issued according to the law no. 20 of 2005, which was updated by the law no. 121 of 2014.
Apache Corporation announced the completion of new holding company structure to be named APA, making APA the parent holding company of Apache. It replaces Apache as the public company trading on the Nasdaq stock market under the name of APA.
Chariot company announced that it has signed a memorandum of understanding (MoU) with its partner the Office National des Hydrocarbures et des Mines (ONHYM) and the Moroccan Ministry of Industry, Trade and Green and Digital Economy to support Chariot and ONHYM’s Anchois Gas Development project which is expected to induce a spurt in the Moroccan gas market.
The Ministry of Petroleum and Mineral Resources (MoP) officially launched the first application for natural gas to easily identify the location of natural gas stations for cars. The application is available at the following link: https://play.google.com/store/apps/details?id=info.egyptgas.mop
President Abdel Fattah Al-Sisi ratified Law No. 159 of 2020 authorizing Minister of Petroleum and Mineral Resources, Tareq El Molla to contract with the Egyptian Natural Gas Holding Company (EGAS), Chevron Egypt Holdings LTD and Tharwa Petroleum Company (S.A.E) for oil and gas exploration in the northern Sidi Barrani. marine area in the Mediterranean Sea, according to Al-Ahram news website.
quoting the Egypt’s Official Gazette.
Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
| Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
| NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
| OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021
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