Centamin Announces 450,058 Ounces of Gold Production in 2023
Centamin plc has announced its full year results for the year 2023, highlighting that gold production reached 450,058 ounces, 2% higher than 2022.
News / Egypt
Agiba Petroleum to Pump Investments Worth $500M During FY 2024/25
The Chairman of Agiba Petroleum Company Tharwat Gindy has stated that the company plans to pump $500 million during the fiscal year (FY) 2024/25 targeting daily production rates of 30,000 barrels of oil and 119 million cubic feet (mcf) of natural gas.
Pharaonic Petroleum’s Natural Gas Production Reaches 400 mcf/d in H1 2023/24
The company’s Chairman Hossam Zaki indicated its success in achieving daily production rates during the first half of the fiscal year 2023/24, estimated at approximately 400 million cubic feet (mcf/d) of gas per day and 9,300 barrels of condensates per day.
India’s Rana Group Eyes $12 Billion Investment in Egypt’s Green Hydrogen Production
Minister Plenipotentiary Trade and Head of Commercial Representation Yahya Al Wathiq Billah has met with representatives from India's Rana Group, a leading company in several economic sectors, such as electric vehicles, agricultural equipment, satellites, and sustainable energy, including green hydrogen.
MPED: Petroleum Sector Targets Investments of EGP 99.6B during FY 2023/24
The Minister of Planning and Economic Development (MPED) issued a report about the petroleum sector’s investment plan that it aims to invest EGP 99.6 billion in developing the extractions during the fiscal year (FY) 2023/24 including EGP 22.4 billion for oil extraction and EGP 65.4 billion for natural gas extraction in addition to EGP 11.8 billion for other extractions.
El Molla Hails Women’s Role in Petroleum Sector
Minister of Petroleum and Mineral Resources Tarek El Molla has praised the significant role of women in the petroleum sector's many achievements, as they take over leading positions within the industry.
Modern Gas Revenues Reach EGP 2.6B in 2023
Modern Gas has held a general assembly to present the results of its work for the year 2023 in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla.
EGAS to Establish Seven Projects, Adding 20 Developmental Wells to the Production Line During FY 2024/25
Egyptian Natural Gas Holding Company (EGAS) Chairman Magdy Galal has announced that his company aims to establish seven developmental projects and put 20 developmental wells on the production line during the fiscal year (FY) 2024/25.
Positive Signs for Egyptian Economy as Dollar Demand Declines
Minister of Petroleum and Mineral Resources Tarek El Molla has participated in a ministerial economic meeting chaired by Prime Minister Mostafa Madbouly who announced positive indications for the dollar flow in the Egyptian market.
