The company's Q2 production reached 613 million barrels of oil equivalent per day (mboe/d), making the output average in H2 2021 reach 636 mboe/d.

Saudi Aldrees Petroleum Company submitted requests to obtain information as it eyes acquiring service stations in Egypt.

Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed a signature of four contracts for gold exploration between the Egyptian Mineral Resources Authority (EMRA) and Barrick Gold company with investments worth $8.8 million.

The certificate was obtained for the company's implementation of the crude oil storage warehouse in Ras Badran area

United Oil & Gas announced production updates as the company's average output reached 2,937 barrels of oil equivalent per day (boepd) in Q2 2021.

Alexandria Petroleum Maintenance Company (Petromaint) has signed a memorandum of understanding (MoU) with China National Chemical Engineering Company (CNCEC), as a part of the new policies to strengthening joint cooperation with major international companies in various fields of work.

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

The London Court of Arbitration (LCIA) has ruled in favor of Dana Gas against IPR Wastani Petroleum’s arbitration on IPR’s Sale and Purchase Agreement (SPA) for the oil and gas assets in Egypt.

The Egyptian petrochemicals industry will witness a leap in light of the new projects that are currently being executed with investments estimated at $8 billion.

Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them by EGP 0.25 per liter for Q3 2021.