The Chairman of North Sinai Petroleum Company (NOSPCO) Mohamed El Degheidy has announced that the company will pump $88 million for the development of the fourth phase of the offshore north Sinai fields, noting that it has invested $1.2 billion since its establishment.
Minister of Petroleum and Mineral Resources Karim Badawi has made inspection visit to Al-Hamra Petroleum Port to review the ongoing expansion process for the port to increase its capacity and support the movement of oil and petroleum products transportation and trade.
Minister of Petroleum and Mineral Resources Karim Badawi has met with the CEO of Capricorn Energy Randy Neely and the company’s Managing Director in Egypt Eleanor Rowley in New Alamein City where they discussed the status of the company’s current and future work in Egypt.
Khalda Petroleum Company Chairman Saeed Abdel Moneim has visited the Abu Abu El Gharadig field in the Western Desert to follow up on the operation of Rig 58 and the workflow of maintenance on the wellhead.
Minister of Petroleum and Mineral Resources Karim Badawi and Vice Admiral Mohab Mamish have witnessed the signing of a shareholder’s agreement to establish the Alexandria Supply Chain Company.Â
The Minister of Petroleum and Mineral Resources Karim Badawi has met with representatives from Shard Capital to study the company’s proposal for establishing a new petrochemical project in New Alamein with costs of $7 billion.
The Prime Minister Mostafa Madbouly stated that the government targets to increase the production of the fertilizers after proving the needed natural gas for the plants aiming to eliminate the black market.
Minister of Petroleum and Mineral Resources Karim Badawi has met the Egypt Fedir Director of Naftogaz Bayuk to review the company’s activities in the Western Desert through the joint venture Petrosennan.
Minister of Petroleum and Mineral Resources Karim Badawi has met with Richard Hall, CEO of Dana Gas, and his accompanying delegation.
The CEO of Mediterra Energy Memet Kont has announced that the company plans to increase its drilling operations and rigs in Egypt, noting that Egypt is an important destination for the company’s investments.Â
