SDX company recorded increase in its production by 90% during the first nine month of fiscal year (FY) 2020 after reaching to 6,646 barrel of equivalent per day (boe/d) compared to 3,501 boe in the same period of 2020.
Under the auspices of the Ministry of Petroleum and Mineral Resources, Africa Energy Investment Corporation (AEICORP) and the African Export Development Bank succeeded in reaching a preliminary agreement to increase petroleum investments in Africa.
President Abdel Fattah Al-Sisi urged his government to accelerate and implement the plans to manufacture cars which run on natural gas and electricity instead of the conventional fuel.
Negotiations between the government and Naguib Sawiris, an Egyptian businessman, over acquiring a 51% stake in the state-owned Shalateen mining company, have come to a stop.
Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the results of Egypt’s gold bid round, where 11 national and international mining companies won the rights for exploring 82 concession areas for gold in Egypt.
The Prime Minister, Mostafa Madbouly, met with the Ministers of Petroleum and Mineral Resources, Finance, and Tarde and Industry to review the executive situation of natural gas stations, affirming that the expansion of establishing stations for natural gas supply, recharging electric cars, and exploiting the current infrastructure of the existing fuel stations is a vital topic in light of the strategy adopted by the state to convert cars to run on natural gas.
Natural Gas Vehicles Company (Car Gas) and the Egyptian International Gas Technology (Gastec) are planning to establish seven natural gas stations in Gharbia as a part of the state’s national car conversion plan.
Aramco awarded the Engineering for The Petroleum and Process Industries (Enppi) a long-term agreement (LTA) for its oil and gas brownfield projects.
Energean’s long-running acquisition deal of Edison E&P is expected to be finalized in December of this year.
 Tarek El Molla, Minister of Petroleum and Mineral Resources, met with Nigeria’s Minister of State for Mines and Steel Development, Uchechukwu Sampson Ogah, to improve cooperation in the field of mining and collaborate on proposed joint projects between the two countries.
