The Chairman of Saad El-Din Group and the chairman of Liquefied Petroleum Gas (LPG) Investors Association, stated that the association is preparing for the first trial of transporting natural gas via tankers for the first time in Egypt during the ongoing week before the end of April 2020.
Centamin has produced 125,090 ounces of Gold from Al-Sukari goldmine with gross revenue of $222.2 million during Q1 2020.
The Spokesman of the Minister of Petroleum and Mineral Resources, Hamdy Abdel Aziz, said that the drop of American oil prices will not affect Egypt at all and it is related to US.
Belayim Petroleum Company (Petrobel) announced streamlining two new natural gas wells in the Mediterranean region with an average production of 390 million cubic feet per day (mmcf/d) and 1,300 barrels of condensate per day (bbl/d).
The Former Minister of Petroleum and Mineral Resources, Osama Kamal, said that Egypt get benefit from the oil price decline during the last period by storing sufficient quantities of oil.
US oil trading collapsed on April 20 as the price on the May future contract for West Texas Intermediate (WTI) - that is due to expire on April 21 - fell by over 300%, recording an unprecedented $-37.63 per barrel on April 20 against April 17’s $18.27 per barrel.
Pharos Energy company announced that its board decided to withdraw from the consortium that is evaluating the opportunity of acquiring Shell’s Western Desert Assets.
As of April, Burullus Gas terminated a contract for Transocean’s Deepwater India rig.
Middle East Oil Refinery (Midor) has refined approximately 9.3 million barrels (mmbbl) of domestic and imported crude oil in Q1 2020.
The Egyptian Ethylene and Derivatives Company (ETHYDCO) awarded a consortium of Saipem and Petrojet, a contract for the first polybutadiene plant in Egypt valued at $150 million.
