Baker Hughes to Decrease Operational Costs in Egypt
Tameer Nasser Director and General Manager at Baker Hughes stated that the company plans to decrease its operational costs in Egypt in line with the government’s plan to attract new investments.
News / Egypt
Schlumberger Signs Agreements to Train Students of Four Universities
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed signature of agreements between Schlumberger Company and four Egyptian Engineering and Science Universities including Ain Shams University, American University in Cairo (AUC), German University in Cairo (GUC), and British University in Cairo (BUC) in cooperation for training and preparing their students.
Petrojet, Bilfinger ME Sign Engineering Master Service Agreement
Petrojet and Bilfinger Tebodin Middle East in Egypt has signed an engineering master service agreement valued at $1 million.
SDX Expects Continuation of Plateau Production Rates
SDX Energy company said that gross plateau production at South Disouq is expected to be maintained at 50 million standard cubic feet per day (mmscf/d) for more 18-24 months until mid-2030 with the probability to be extended to mid-2026 depending on the results of planned future exploration drilling.
Abu Sennan Production Increases by 69% in June
United Oil & Gas' (UOG) Abu Sennan concession has exceeded the company’s pre-completion expectation with a production rate of 13,900 barrels of oil equivalent per day (boe/d) during the first half of June.
Deadline for Gold Bid Round Extended by Two More Months
The Ministry of Petroleum and Mineral Resources, announced extension of the cdeadline of international bid round for gold and associated minerals for two more months due to current global circumstances of Coronavirus pandemic spread.
El Molla Reviews Three Refinery Projects Worth $2.8 B
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has looked into the implementation situation for there giant projects including expansion project for Midor refinery in Alexandria, octane production complex project of Assiut Oil Refining company (ASORC), and Asphalt production unite project of Suez Oil Processing company (SOPC) at a cost of $2.8 billion,
SCA Extends Discount Fees for Crude Oil Tankers
The Suez Canal Authority (SCA) announced to remain discounts granted for container ships and bulk carriers passing through Suez Canal untill 31 December 2020.
Egypt Eases Coronavirus Restrictions
The Prime Minister, Moustafa Madbouly, announced alleviating the precautionary measures taken to combat coronavirus and abolished nighttime curfew that was imposed to limit the spread of the disease.
Centamin Issues Sustainability Report of 2019
Centamin Company has announced publication of its third sustainability report for fiscal year (FY) 2019 according to the core Global Reporting Initiative (GRI) standards and GRI Mining and Metals Sector Supplement.
