News / Egypt

El Molla Highlights Egypt’s E&P Agreements in CERAWeek

Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighted securing 12 exploration and production (E&P) agreements with working international oil companies (IOCs) in Egypt and newly-enrolled companies such as; Chevron and ExxonMobil despite the pandemic challenges. This came during CERAWeek’s annual energy conference, the most prominent energy conference in the world, and comes as a part of a series of interviews with major figures participating in the next edition of the conference in March 2021.

Pharaonic Petroleum’s Natural Gas Production Jumps to 450 mmcf/d

The Pharaonic Petroleum Company's natural gas production significantly increased during the current period to 450 million cubic feet per day (mmcf/d) in addition 8,000 barrels of condensates.

GPC Allocates EGP150 Million for “North West” Pipeline Project

General petroleum Company (GPC) stated that it allocated  EGP150 million for implementing 8-inches pipeline project to exploit the produced gases from “North West” field in the Eastern desert.

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

EOG Roundtable Highlights Brownfields Development Strategies 

H.E. Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, asserted the importance of developing brownfields, referring to several revival strategies that were used in Egypt. The minister remarks came during Egypt Oil & Gas (EOG) Committee’s virtual roundtable titled ‘Increasing Investments in Egypt’s Brownfields Opportunities’ on Sunday, October 18.

EGAS Approves SDX’s Two-Year Extension in Disouq

The Ministry of Petroleum and Mineral Resources represented by Egyptian Natural Gas Holding Company (EGAS) approved to extend the agreement of SDX company in South Disouq concession for two years.

Car Gas Operates New Natural Gas Station in Port Said

Natural Gas Vehicles Company (Car Gas) has begun trial operation of a natural gas supply station and commenced two car-conversion and testing cylinders in Port Said.

Natural Gas to Reach 50,000 Clients in Abu Al Numros

The Ministry of Petroleum and Mineral Resources, Tarek El Molla, announced the connection of natural gas to Abu Al Numros area for the first time which including about 50,000 clients.

Petrofac Restructures Management, Board

Sami Iskander will join Petrofac and assume the role of Group Chief Executive Officer (CEO) as of January 1, 2021, replacing Ayman Asfari after his retirement announcement.

Al-Sisi Supports Expansion of Eni’s Investments in Egypt

The Egyptian President Abdel Fattah Al Sisi, gave directives to the Ministry of Petroleum and Mineral Resources to intensify the cooperation with Eni company for more exploration and production activities (E&P) in Egypt.

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