Qarun Petroleum Produces 23,000 b/d in 2020/21
Qarun Petroleum Company produced an average of 23,000 b/d of oil, with total investments of $127 million during fiscal year (FY) 2020/21.
News / Egypt
Egypt, Japan Sign Blue Ammonia MoU
Economic feasibility studies will be conducted and the best available opportunities in the oil and gas sector will be studied to implement projects for extracting and storing carbon dioxide to produce blue ammonia.
PETROGAS Results Show Strong Performance in 2020/21
Petroleum Gas Company (PETROGAS) provided 3.7 tons of butane this year, , the Head of the Company, Raafat Abdel Hady, announced in the general assembly, chaired by Minister Tarek El Molla.
El Molla Reviews Petroleum Grid Performance
The Egyptian petroleum grid was used to transport around 60 million tons of crude oil, condensates, petroleum products, and butane in fiscal years (FY) 2020/21.
Badr-1 Field Produces 1.5 mboe in 2020/21
The total production of Badr-1 field reached 1.5 million barrels of oil equivalent (boe) during the year 2020/2021.
El Hamra Petroleum Port Receives 82 MB of Crude Oil in 2020/21
The new expansions of El Hamra port area, extending over an area of 120 acres, will include the construction of two new storage warehouses Number 9 and 10 in the port.
Egypt Treasury Spends EGP 115 M on Vehicle Replacement Initiative
Egypt’s Public Treasury has disbursed EGP 115 bln in green incentives to replace 5000 obsolete taxis and private cars as well as 130 minibuses with natural gas vehicles.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Qalaa’s Consolidated Revenues Increase 37% YoY
At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.
Cairn Energy to Complete Shell Egypt Acquisition in Q3 2021
Cairn Energy PLC is expecting to complete the acquisition of Shell Egypt's Western Desert assets in Q3 2021.
