Petrotrade Launches 12 New Payment Services
Petroleum trading service company (Petrotrade) launches 12 new payment services for natural gas meter reading to limit the infection of coronavirus (COVID-19).
News / Egypt
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Petrobel, Shelf Drilling Terminate Trident 16 Contract
Belayim Petroleum Company (Petrobel) has submitted an early termination of the Trident 16 contract with Shelf Drilling.
EOG Hosts its First Webinar on June 24
Egypt Oil & Gas (EOG) will host its first webinar entitled Egypt’s Oil and Gas Sector Pandemic and Commodity Price Crash on June 24, 2020 at 12 PM.
EGP 28.2 B Allocated for Petroleum Products Subsidy in FY 2020/21
Ministry of Finance has allocated EGP 28.2 billion to subsidize petroleum products in fiscal year (FY) 2020/21 budget.
El Molla: New 12 Petroleum Agreements Worth $1 B
The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature bonus for drilling 21 wells.
WEPCO Launches Newest ERP Application
The Western Desert Operating Petroleum Company (WEPCO) has launched the newest enterprise resource planning (ERP) application produced by SAP.
MoP to Deliver Natural Gas to 1 MM Households in FY 2020/21
The Minister of Petroleum and Mineral Resources Tarek El Molla stated that the ministry aims to deliver natural gas to one million households in fiscal year (FY) 2020/21.
GPC Adds 1,500 Barrels of Crude Oil to Daily Production
The General Petroleum Company announced that it managed to add 1,500 barrels of crude oil to its daily production despite the current circumstances and challenges for production increase.
New Petroleum Discovery in Gulf of Suez
The Ministry of Petroleum and Mineral Resources announced a new petroleum discovery in the shallow water of Geisum Concession at Gulf of Suez.
