As part of a national strategy to promote the use of natural gas, Egyptian Natural Gas Holding Company (EGAS) connected more than 1.2 million households with the natural gas grid, recording the highest rate since the beginning of Household Natural Gas Connection Project, the Chairman of EGAS Magdy Galal said.
President Abdel Fattah El Sisi held a meeting to follow-up on the latest developments of petroleum sector projects across the republic, according to the Presidency Spokesman Bassam Rady.
Ganounb El Wadi Petroleum Holding Company (Ganope)’s Chairman Alaa El Batal announced the company’s success at achieving a daily average rate of 21,500 barrels per day (bbl/d) of crude oil, 6000 tons of butane, and 3.6 billion cubic feet per day (bcf/d) of natural gas during fiscal year (FY) 2020/21.
The sale took place for a base consideration of $ 646 million and additional payments of up to $280 million between 2021 and 2024
Cheiron Petroleum Corporation (“Cheiron”) announced the successful completion of acquiring 50 % of Shell’s upstream oil and gas assets in the Western Desert. The remaining 50% of the interests will be purchased by Cairn Energy PLC (“Cairn”), Cheiron’s strategic partner.
Minister of Petroleum and Mineral Resources, Tarek El Molla, stressed the importance of continued development and modernization of the refining system to improve performance efficiency and reduce waste.
During a regular meeting to follow-up on the natural gas station expansion program, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla stated that the efforts involved in increasing the number of fueling stations across the country are going according to plan.
With Egypt selected as its host, the eighth IEF-IGU Ministerial Gas Forum 2022 will discuss the global economic recovery after the repercussions of the COVID-19 pandemic and the sharp rise in natural gas prices that the markets witnessed during 2021.
General Petroleum Company’s (GPC) production rate jumped to 74,000 barrels of oil equivalent per day (boe/d), setting a new record for the company since its establishment in 1957.
Alexandria Petroleum Maintenance CO. (Petromaint) has announced the signing of a continuous technical services agreement with Petroleum Gas Company (Petrogas) during a meeting held between the chairmen of both companies at Petrogas headquarters in Cairo.
