News / Egypt

El Molla Announces Results of First International Digital Bid Round for Oil and Gas Exploration

Minister of Petroleum and Mineral Resources Tarek El Molla announced the results of the first digital international bid round for oil and gas exploration and production (E&P) in the Mediterranean, Western Desert and the Gulf of Suez.

El Molla Issues New Promotions

Minister of Petroleum and Mineral Resources Tarek El Molla, issued new appointments at the national oil companies (NOCs).

Dana Gas Egypt Collections Reach $39 million in December 2021

Dana Gas collections from Egypt has reached $39 million (AED 143mm) in December, reducing the Company’s receivables below $30 million, to its lowest levels since commencing operations there in 2007.

El Molla Takes Part in Second Meeting of COP27 Supreme Committee

Minister of Petroleum and Mineral Resources took part in the second meeting of the Prime Minister-chaired committee concerned with preparing for the UN Climate Change Conference (COP27)

Town Gas Launches New Logo

Town Gas celebrated the launch of its developed logo, on January 2nd.

UOG Announces Success at Al Jahraa-13 Development Well

AJ-13 well encountered a net pay of 17.5m in the oil-bearing at the lower and upper Bahariya reservoir targets.

Qena’s Al Marashdah Village Connected to National Gas Grid

Gas was connected to 765 housing units in the village, and it is planned to be connected to 1375 other housing units in the village. Thus, 100% of the ground gas networks were implemented for 6 villages.

Apache to Spend $3.5B on Western Desert Oil Projects

Minister of Petroleum and Mineral Resources, Tarek El Molla, the Egyptian General Petroleum Corporation (EGPC)’s Chairman, Abed Ezz El-Regal, and Vice President of the American Apache Company and General Manager of the company in Egypt, David Chi, signed an agreement under which Apache Company commits to spending a minimum of $3.5 billion on research, exploration, development and production in the concession areas in the Egyptian Western Desert.

EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta

The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.

El Sisi Inaugurates High-Octane Benzene Complex in Assiut

Minister of Petroleum and Mineral Resources, Tarek El Molla, reviewed the role of the oil and gas sector in developing Upper Egypt, especially the new benzene production complex project in Assiut refinery.

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