AngloGold Ashanti will acquire Centamin, an Egypt-focused gold mining company, in a $2.5 billion stock and cash deal. This acquisition will expand AngloGold Ashanti's operations in Africa, a region rich in gold resources, Reuters reported.
Methanex Egypt kicked off the second phase of its partnership with the International Labour Organization (ILO), part of the “Decent Jobs for Egypt’s Young People” (DJEP) project by celebrating five winners among 115 women who completed the “Get Ahead for Women in Enterprise” training last month.
Egypt's Women in Energy Network, a part of the Egypt Oil and Gas (EOG) Committee, has held an empowering mentoring event under the theme "Potential Leaders: Taking the Ownership of Leadership" on September 9th.
Minister of Petroleum and Mineral Resources Karim Badawi has met with a delegation from Weatherford including Mohamed Balgacem, the Vice President of MENA Region, Mohamed El Tonsy, Area Director and Osama El Shenoufy, Weatherford East North Africa Sales Director tackling ways to boost cooperation, in addition to providing digital solutions and services for well drilling.
A group of young, talented engineers have implemented an innovative experiment at Meleiha fields which was successful in preserving production rates and saving a significant amount of money.
Ashraf Abdel Gawad, the Chairman of Badr El Din Petroleum Company (Bapetco) revealed that the production rates reached 67,000 barrels of oil equivalent per day (boe/d), amounting to 217 million cubic feet (mmcf)of natural gas and 28,000 barrels of oil and condensates during the fiscal year (FY) 2023/24.
Minister of Petroleum and Mineral Resources Karim Badawi has received the Co-Founder and CEO of Infinity Solar Company Mohamed Mansour and the Executive Board Member and Co-CEO of Hassan Allam Group Amr Allam as they discussed how to boost their cooperation with the petroleum sector.
Ibrahim Massoud, the Chairman of Western Desert Petroleum Company (WEPCO), operating Al Hamra petroleum port and Badr Petroleum Company stated that about 81 million barrels were received through the storage facilities at Al Hamra Port, and about 27 million barrels were shipped through the marine facilities, in addition to supplying the refineries with about 54 million barrels through the onshore.
Minister of Petroleum and Mineral Resources, Karim Badawi, stated that the petrochemical industry is at the forefront of the economic sectors that achieve the optimal economic exploitation of petroleum resources and achieve added value that supports the Egyptian economy.
Rashid Petroleum Company (Rashpetco) and Burullus Gas Company's Chairman Mohamed Samir stated that the companies have achieved average production of 222 million cubic feet per day (mmcf/d) of natural gas in addition to 4,000 barrels of condensates per day during the fiscal year (FY) 2023/24.
