El Molla: IOCs’ Arrears Decline to $200 MM
he Minister of the Petroleum and Mineral Resources, Tarek El Molla, announced that arrears of the international oil companies (IOCs), decreased to $200 million in comparison of $900 million of June 2019.
News / Egypt
Edison Starts Drilling North Thekah Concession
Edison announced that it started drilling operations at its first exploration well in North Thekah concession located in the Egyptian Eastern Mediterranean waters.
El Molla Signs Nine E&P Agreements Worth $452 M
The Minister of Petroleum and Mineral Resources, Tarek El Molla, signed nine agreements for exploration and production (E&P) activities in the Mediterranean and the Western Desert with investments worth $452.3 million as well as a signature bonus for drilling 38 wells with $84 million.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
GPC to Invest EGP 2.6 B in FY 2020/2021
The Chairman of the General Petroleum Company (GPC), Nabil Abdel Sadek, announced that his company targets drilling 40 exploratory and developmental wells with an investment cost of EGP 2.6 billion in fiscal year (FY) 2020/2021.
Copetrole, Misr Petroleum State FY 2020/2021 Goals
The general assemblies of Cooperation Petroleum company (Copetrole) and Misr Petroleum Company were held on January 19, to approve their budget planning of fiscal year (FY) 2020/2021, headed by the Minster of Petroleum and Mineral Resources, Tarek El Molla.
El Molla Reviews Petroleum Projects in Upper Egypt
The Minister of the Petroleum and Mineral Resources, Tarek El Molla, asserted the importance of the axial role of the Egyptian refineries in the sustainable market settlement in terms of the availability of the petroleum products and securing the fuel supplies.
Petroleum Sector Achieves EGP 3 B Surplus in Q1 2019/20
The Minister of Finance, Mohamed Maat, said that the petroleum sector achieved a surplus of EGP 3 billion in Q1 of fiscal year (FY) 2019/2020.
EPSCO Wins Contract to Supply Caravans
The company has obtained a new contract of supplying and installing ten caravans for AL Alamia Oil Services company and other two for El Wastani Petroleum Company with whole investments worth more than EGP 4 million.
EMGF Third Meeting Takes Place
The Minister of the Petroleum and Mineral Resources, Tarek El Molla, said that the Eastern Mediterranean Natural Gas Forum (EMGF), is responsible for the cooperation in order to overcome the challenges and the great changes in the region,
