News / Egypt

Finance Ministry Announces New Procedures to Exempt Oil Companies from Fines to Boost Exports

New measures have been taken to exempt petroleum companies from fines and to stimulate exports, as these companies were allowed to adjust the quantities exported documented according to the actually shipped within 72 hours, after it was found that there were differences in the quantities as a result of the nature of the petroleum materials.

SMRC Extends Mineral Exploration Bid Round Closing Date

Shalateen Mineral Resources Company (SMRC) announces postponing the closing date of bid round number 1/2023 for November 9th, 2023. The extension is for interested companies to participate through purchasing tender terms & conditions as well as data packages and are able to evaluate the bidding areas.

Egypt, Greece Hold Talks on Energy Cooperation

The meeting witnessed discussions on ways to enhance prospects for bilateral cooperation between the two friendly countries.

MoPMR Supports Establishment of Low Carbon Emissions Energy Based Economy in Egypt: El Molla

Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in the fourth edition of the roundtable on the green hydrogen industry in Egypt, in the new city of El Alamein.

PM Chairs Green Hydrogen Industry Roundtable

Prime Minister Mostafa Madbouly chaired the fourth edition of the round table on the green hydrogen industry in Egypt, which was held in the new city of El Alamein.

ExxonMobil Egypt Celebrates Kafr Elsheikh University’s Triumph in Enactus Egypt’s National Competition

ExxonMobil Egypt joined the final round of Enactus Egypt’s annual national competition, bringing together 1300 students.

Dragon Oil to Boost Oil Production from Egypt by 27% in October

Dragon Oil company, wholly owned by the government of Dubai, intends to increase its oil production in Egypt by about 27% during next October to 70,000 barrels per day (b/d).

El Molla Reviews Petroleum Companies’ Production, Program Implementation

The companies included Alamein Petroleum Company, El Waha Petroleum Company (OWAPCO), and Marina Petroleum Company in the Western Desert, as well as the General Petroleum Corporation (EGPC), Al Fanar Petroleum, Magawish Petroleum Company, Wadi El Sahl Petroleum Company (Waspetco), and Petro Amir.

MIDOR Expansion Project Records 20M Working Hours

The project’s achievements further included laying 1,861 km of cables, using more than 12,000 tons of steel and about 20,000 tons of equipment, completing 1,675,000 engineering work hours to produce 12,400 engineering documents and designs.

Wintershall Dea, EGAS’ Joint Venture Becomes First to Achieve Zero Routine Flaring in Egypt

Wintershall Dea and its partner, the Egyptian Natural Gas Holding Company (EGAS), have achieved zero routine flaring at the DISOUCO Joint Venture in Egypt. The JV company between EGAS and Wintershall Dea becomes the first company in Egypt to do so.

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