Edison Completes Ameeq-1 Well in North Thekka
Edison Exploration and Production (E&P) has successfully completed Ameeq-1 exploration well in the Eastern Mediterranean waters of Egypt.
News / Egypt
Egyptian Electricity Holding Targets EGP 32.4 Billion Investments in 2020/21
The chairman of Egyptian Electricity Holding Company, Gaber Desouki, announced that his company is targeting implementing EGP 32.4 billion investment projects during the fiscal year (FY) of 2020/2021.
Butagasco Distributes 265,000 Cylinders of Butane Daily
The Chairman of the Egyptian Company for Gas Transferring and Deliverance (Butagasco), Amr El Metwally, said that his company was working to the fullest capacity during the days of Eid El Fitr.
New Petrochemical Projects with Investments of $19 B
Petrochemical Industry to expand with 11 new projects with a total investments estimated at $19 billion, including two giant refining and petrochemical complexes at the Suez Canal economic zone.
El Molla Initials Contracts with Winners of Red Sea Bid Round
Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.
Egypt Drills Natural Gas Exploration Wells Worth $314 Million in 2019/20
A report received by the Minister of Petroleum and Mineral Resources, Tarek El Molla indicated that Egypt has drilled exploration wells of natural gas during the current fiscal year (FY) of 2019/20 with totals investments of $314 million. According to the report, ten wells have already been drilled in addition to one well is in progress.
South Disouq Raises SDX Production by 117% in Q1 2020
SDX company announced that its entitlement production recorded 8,061 barrel of equivalent per day (boe/d) which is increased by 117% during the first quarter (Q1) of the fiscal year (FY)2020, compared to 3,715 boe/d produced in Q1 of FY 2019 despite coronavirus outbreak.
Carbon Footprint from Oil, Gas Consumption Declines in FY 2017/18
The Central Agency forPublic Mobilization and Statistics (CAPMAS) announced that the carbon dioxide emissions from the oil and gas consumption declined in the fiscal year (FY) of 2018/17 compared to fy 2016/17.
El Molla Issues ICT Reshuffles in Petroleum Companies
Tarek El Molla, Minister of Petroleum and Mineral Resources issued a movement of transfers for managers and assistants of the information and communications technology (ICT) department. The reshuffling aims to support petroleum sites with the necessary competencies.
Downstream Sector Grows by 78% in Q3 2019/20
The downstream sector has witnessed a 78% growth in Q3 2019/20, according to Minister of Planning and Economic Development Hala Al-Saeed.
