Petrosafe Carries out 603 HSE Training Programs in 2020
Petrosafe Company carried out 603 various training program to raise awareness in the field of Health, Safety, and Environment (HSE) in 2020, according to a press release.
News / Egypt
El Molla Issues New Transfers in Petroleum Sector
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a limited new transfers movement in the administrative affairs among the petroleum companies to support the petroleum sector with the necessary capabilities and achieve the targeted goals, according to Al-Ahram.
GASCO Supplies Consumers with 61.1 bcm of Natural Gas in 2020
The Egyptian Natural Gas Company (GASCO) achieved a record of 61.1 billion cubic meters (bcm) of natural gas in 2020 which supply the consumption sector of the local market and export through the national network, and the electric sector was supplied with 60% of the total distribution.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
EGAS: Natural Gas Production to Reach 7.2 bcf/d
The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.
Egypt Targets Mining Exports Worth $10 B by 2040: El Molla
Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt’s mining sector has set a robust plan targeting mining exports worth $10 billion by 2040, which will boost this sector exports estimated currently with $1.6 billion
Eni Closes Agreement to Restart Damietta Liquefied Natural Gas Plant
Eni has recently closed the agreement signed last December with the Egyptian state represented in the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS), and the Spanish Naturgy company that will restart the Damietta liquefaction plant in Egypt
Shell Signs SPA with Cheiron, Cairn for Onshore Upstream Assets in Western Dessert
Shell Egypt has announced that it entered into a share purchase agreement (SPA) for its onshore assets in the Western Desert of Egypt, with a consortium made up of subsidiaries of Cherion Petroleum Corporation and Carin Energy PLC.
Deals to Settle Disputes with Gas Companies Enter into Force
The Ministry of Petroleum and Mineral Resources started implementing a deal of more than 40 agreements, according to a press release.
Egypt’s Oil Sector Expands Reliance on Digital Technology: El Molla
Minister of Petroleum and Mineral Resources, Tarek El Molla, said that Egypt’s oil sector is currently working on expanding its reliance on the digital technology in the upcoming petroleum projects and that the petroleum sector has unique chances for international partnerships in projects based on modern technology.
