GPC Starts Initial Extraction from Al-Hamd Field with 1,500 bbls/d
GPC started its first extraction from Al-Hamd field at the Gulf of Suez concession area with a production rate of about 1500 barrels per day (bbls/d)
News / Egypt
Egypt Increases Fuel Prices by EGP 0.25 in Q2 2021
Egypt’s Fuel Automatic Pricing Committee has adjusted the fuel prices and increased them by EGP 0.25 per liter for Q2 2021.
Sukari Ramps up Production by 53% in Q1 2021
The Sukari gold mine ramped up production by 53% in Q1 2021 compared to Q4 2020 with production amounting to 104,047 ounces (oz), according to a press release.
Energean Announces 2020 Financial and Operating Results
Energean Oil and Gas plc ,the oil and gas producer focused on the Mediterranean, is pleased to announce its audited full-year results for the year ended 31 December 2020 ("FY 2020").
Egypt to Expand Oil, Gas Exploration in Western Mediterranean
Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, stated that the Ministry’s strategy is being implemented to increase oil and gas discoveries especially in the Western Mediterranean, according to the Kelma Akhira program presented by Lamees El Hadidi.
Naftogaz Ramps up Oil Production by 20% in Egypt’s Western Desert
Naftogaz Group ramped up oil production from its assets in the Western Desert of Egypt by more than 20% or 600 barrels per day (bbl/d), a press release reported.
Petrojet, TR Sign MoU to Manufacture Heat Transfer Equipment in Egypt
Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of a memorandum of understanding (MoU) between Petrojet and the Spanish company Tecnicas Reunidas (TR) to cooperate in designing, supplying, and manufacturing heat transfer equipment used in components of petroleum projects, according to press release.
El Molla Discusses Developments in Mining Sector With Canadian Envoy
Minister of Petroleum and Mineral Resources, Tarek El Molla met with the Canadian Ambassador to Cairo, Louis Dumas to enhance mining sector and review the latest development of the Canadian companies in the field of oil, gas, mining, and petrochemicals in Egypt, according to press release.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Al-Sisi Supports Eni’s Endeavors to Expand Activities in Egypt
President Abdel Fattah Al-Sisi expressed his support for Eni’s endeavors to expand its investments in Egypt in the field of exploration and production (E&P) to continue the fruitful cooperation between Egypt and Eni, as per the Spokesman of the Egyptian Presidency.
