News / Egypt

  • Damietta LNG Plant to Start First Test Cargo by Mid February

    Damietta LNG Plant to Start First Test Cargo by Mid February

    Wednesday, 27th January 2021

    Damietta liquefaction plant, the Union Fenosa Gas (UFG) joint venture, will start the first test cargo on 14th February 2021, S&P Global Platts Analytics reported.

  • Altus Expands Gold Exploration Activities in Eastern Desert

    Altus Expands Gold Exploration Activities in Eastern Desert

    Tuesday, 26th January 2021

    Altus Strategies Plc announced that the subsidiary AKH Gold Limited will be awarded gold exploration concession in the Eastern Desert by the Egyptian Mineral Resources Authority (EMRA).

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 25th January 2021

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

  • Methanex Egypt, the Egyptian Process Safety Management Steering Committee Launch the First Egyptian PSM Website

    Methanex Egypt, the Egyptian Process Safety Management Steering Committee Launch the First Egyptian PSM Website

    Sunday, 24th January 2021

    Methanex Egypt announced today the launch of the Egyptian Process Safety Management (PSM) Steering Committee’s website – www.PSMEgypt.com. The website is the result of the collaboration between the Ministry of Petroleum and Mineral Resources and Methanex Egypt following the signing of a Memorandum of Understanding (MoU) in February 2020, enabling the creation of the Egyptian PSM Committee mandated to embed the culture of Process Safety Management (PSM) within the Egyptian oil, gas and petrochemicals sector, in alignment with the ministry’s Modernization Program and international best practices, guidelines and standards.

  • 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.