Burullus Gas Company to Drill 3 Wells at a Cost of $250 MM
Burullus Gas Company plans to drill three development wells at the West Delta Deep Marine (WDDM) project valued at $250 million.
News / Egypt
BAPETCO Produces 114,000 bbloe/d During FY 2019/20
The Chairman of Badr El Din Petroleum company (BAPETCO), Salah Abdel Kerim said that the rate of production of his company reached 114,000 barrels of oil equivalent per day (boe/d) including more than 38 barrels of crude oil and condensates per day as well as 423 million cubic feet of natural gas per day (cf/d).
EGAS, TAQA Arabia to Deliver CNG to El Wadi El Gedid
The Egyptian Natural Gas Holding Company (EGAS) and TAQA Arabia signed a cooperation protocol to deliver natural gas to El Wadi El Gedid by utilizing compressed natural gas (CNG).
Egypt to Convert 300 Public Buses to Run on Natural Gas
The Head of Public Transportation Authority, Rezk Ali said that it will sign contracts to convert 300 buses running with diesel to run with natural gas in an alignment with the military factory 200 after the success of converting first bus.
MoP to Launch 10 Mining Bid Rounds
The Ministry of Petroleum and Mineral Resources is planning to launch 10 mining bid rounds to be rolled out every three to four months, Tamer Abu Bakr, the Head of the Petroleum and Mining Industries Chamber in the Federation of Egyptian Industries (FEI) stated.
Monday Minutes: Economic Snapshot
A summary of the major macroeconomic updates and indicators brought to you on one page for your convenience.
Madbouli Inaugurates Crude Pipeline at Al Hamra Port Worth $100 MM
The Prime Minister, Mostafa Madbouly, had opened an eight-kilometer new crude oil pipeline at Al Hamra petroleum port in Al Alamein worth $100 million.
Al-Hamra Port Increases Petroleum Exports by 1 mmbbl/d
Al-Hamra port is likely to increase the petroleum trade and exports by 1 million barrels per day (mmbbl/d) at an estimated cost of $100 million, Hamdy Abdel Aziz, the official spokesman of the Ministry of Petroleum and Mineral Resources stated.
SDX H1 2020 Production Surge by 97% YoY
SDX’s South Disouq and West Gharib production in H1 2020 exceeded the company’s 2020 guidance with 6,980 barrels of oil equivalent per day (bbloe/d), noting a 97% increase than H1 2019.
El Molla Explores E&P Opportunities with Naftogaz
The Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed with the Deputy CEO of the Ukrainian company Naftogaz , Sergiy Pereloma, the available investment opportunities for oil and gas exploration and production (E&P).
