UOG’s Abu Sennan Production Averaged 1,567 boe/d in Q1 2022
On Tuesday, United Oil & Gas PLC announced a quarterly production update for the first quarter (Q1) of 2022.
News / Egypt
Petromaint Signs Cooperation MoU with SCA for Marine Engineering, Construction
On Tuesday, a memorandum of understanding (MoU) was signed for joint cooperation between the Port Said Company for Marine Engineering and Construction, and the Alexandria Petroleum Maintenance Company (Petromaint).
Natural Gas Sales Average Jumps to 87 Million Cubic Meters in Q1 2022
According to El-Molla, the number of cars running on natural gas has reached 440,000 so far, and that the project brings many economic and environmental benefits to the citizenry, as a meter of gas is equivalent to half the price of a liter of gasoline. In addition to its high octane number, it is a clean and environmentally friendly fuel.
El Molla Inaugurates General Union of Petroleum Workers’ Headquarters
El-Molla stressed the importance of the role played by the union in supporting the petroleum sector’s workers, who play a role in supporting the national economy and meeting the needs of the local market for petroleum products and natural gas.
Egypt Extends National Gas Grid by 7,224 KM in 9 Months
As a part of the Hayah Karima (decent life) presidential initiative, Egypt has connected 86 villages to natural gas grid. Additionally, the main gas networks are currently being extended to serve about 476,000 customers in 180 villages.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Fuel Prices Increased by EGP 0.25 in Q2 2022
Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them by EGP 0.25 per liter for Q2 2022.
El Molla, Fayad Discuss Natural Gas Exports to Lebanon
Minister of Petroleum and Mineral Resources, Tarek El Molla, received Walid Fayad, the Lebanese Minister of Energy and Water, and the accompanying delegation visiting Cairo.
Eni, EGAS to Increase Egypt’s Gas Production, Exports
The goal of the agreement is to achieve the optimal exploitation of the Egyptian gas reserves by maximizing the joint production between the two sides, in a way that contributes to the EGAS and Eni companies identifying new activities and opportunities in order to increase gas production rates in the short term.
Eni Makes New Discoveries in the Egyptian Western Desert
Eni announced making new oil and natural gas discoveries in the Egyptian Meleiha concessions, located in the Western Desert. The newly made discoveries add approximately 8,500 barrels of oil equivalent per day (boe/d).
