Pharos Energy to Double Production to 6,000 bbl/d within Two Years
Officials from Pharos Energy Company stated that they are looking forward to double production from its concession areas in Egypt from 3,000 barrels per day (bbl/d) to 6,000 (bbl/d).
Egypt | Egypt Oil & Gas - Part 175
Officials from Pharos Energy Company stated that they are looking forward to double production from its concession areas in Egypt from 3,000 barrels per day (bbl/d) to 6,000 (bbl/d).
Head of the Health, Safety, and Environment (HSE) Committee at the Ministry of Petroleum and Mineral Resources (MoPMR), Gamal Fathy, accompanied by Salah Riad, the Egyptian Petrochemicals Holding Company’s (ECHEM) Chairman Assistant for HSE, has made an inspection visit to the Egyptian Ethylene and Derivatives Company (ETHYDCO) in Alexandria.
Minister of Petroleum and Mineral Resources Karim Badawi has met with Apache’s CEO Greg McDaniel to discuss the company’s activities and business plan for increasing natural gas production from its concession areas in Egypt during the coming period.
Minister of Petroleum and Mineral Resources Karim Badawi has met with a delegation of leaders from Chevron, one of the largest companies in the world in the energy sector within the framework of the meetings and interviews that the Minister holds with investment partners in oil and gas production.
Minister of Petroleum and Mineral Resources Karim Badawi has reviewed the business of some mining companies working in Egypt, including the Lotus Gold Mining Corporation and Capital Drill Company, and explored their plans for the coming period in addition to changing visions about the investment climate.
Ahmed Mahmoud, the Chairman and Managing Director of Misr Fertilizers Production Company (MOPCO), has announced that the company produced 138% of the targeted production plan of ammonia and produced urea of 943,000 tons which is 100% of the target.
Mohamed El Meligy, the Chairman of Gemsa Petroleum Company (GEMPETCO), has stated that the total production of GEMPETCO and Zaafarana Oil Company (ZAFCO) reached 1.7 million barrels (mmbbl) during the fiscal year (FY) 2023/24.
Minister of Petroleum and Mineral Resources Karim Badawi has met with Yasmine Fouad, Minister of Environment, to discuss and follow up on a number of joint work files between the two ministries.
Prime Minister Mostafa Madbouly has met with Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE, to discuss ways to enhance aspects and areas of joint cooperation between the Egypt and UAE in various sectors.
The Egyptian Government announced the launch of the national low carbon hydrogen strategy in the frame of the Egyptian efforts for the transition to low carbon economy and dedication of environmental sustainability .