Aton Cedes 25% of Abu Marawat Concession
Aton Resources Inc. ceded 25% of its fully-owned Abu Marawat concession located in the Eastern Desert.
News / Egypt
Wepco Awarded QHSE Certifications from ISO Committee
Western Desert Operating Petroleum Company (Wepco) has succeeded in obtaining quality, health, safety and environment (QHSE) certifications of different management systems from ISO committee.
Cabinet Waives EGP 5.3 B of Natural Gas Arrears
The Cabinet waived EGP 5.3 billion worth of natural gas arrears owed by factories in support of local industries and preserving investments.
New Petroleum Discovery in Abu Sennan
The Chairman of Borg Al Arab Petroleum Company announced that his company has achieved a new petroleum discovery in Abu Sennan concession after drilling Al Salemia Well -5 at the Western Dessert.
Idku, Svitzer Extend Contract for 5 Years
Svitzer, a leading provider of marine services, extended its ongoing contract with the Egyptian liquefied natural gas (LNG) Idku plant for five years.
Suez Canal Bank Sells Midor Stakes to EGPC for $30.6 MM
The Suez Canal Bank has sold its 1.27% stake in the Middle East Oil Refinery (Midor) for $30.6 million to the Egyptian General Petroleum Corporation (EGPC).
Khalda Petroleum Puts NU-10 Well to Production
Khalda Petroleum Company has streamlined well NU-10 with an average oil production of 1,350 barrels per day (bbl/d).
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Centamin Appoints Hennie Faul as Non-Executive Director
Centamin company announced the appointment of Henrik “Hennie” Faul to the board as a non- executive director starting from 1st of July 2020.
Petroleum Ministry Obliges Facial Masks in Workplaces
The Ministry of Petroleum and Mineral Resources issued strict instructions for the sector’s companies to oblige their employees as well as visitors to wear facial masks during their presence in workplaces to combat coronavirus pandemic.
