Engineering for the Petroleum & Process Industries (Enppi) has been cooperating with Saudi Aramco to repair the drones-hit Shaybah oil field as well as Abqaiq and Khurais refineries in the aftermath of the allegedly Iranian strikes that targeted Saudi oil industry.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Minister of Petroleum and Mineral Resources Tarek El Molla issued several reshuffle decisions appointing new heads at NOCs at the petroleum sector, according to a press release by the Ministry of Petroleum and Mineral Resources.
Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that natural gas industry is witnessing a breakthrough during the past two years, especially as the recent production increase has been the highest of its kind this month, a press release by the ministry of petroleum and mineral resources suggested.
Egyptian Natural Gas Holding Company (EGAS) has offered six liquefied natural gas (LNG) cargoes for loading from the Idku plant during the period between October to November 2019. Reuters quoted two industry sources as saying.
Ganoub El Wadi Petroleum Holding Company (Ganope) achieved three new oil discoveries at its oil fields, two of which were brought online at oil fields of Eish AL Mallaha and Petro Mallaha during the Fiscal Year (FY) 2018/19.
The company encountered a commercial oil accumulation of approximately 135 feet of net heavy oil at a depth of 4,665 feet. The well was brought online at a steady average of roughly 315 barrels per day (b/d).
Alexandria Petroleum Company (APC) raised the refining of crude oil 10% more in fiscal year FY 2018/19 than the previous year, reaching 4,8 million tons. This increase contributed to saving oil products valued at EGP 55 billion that met the needs of the domestic market. A press release by the Ministry of Petroleum and Mineral Resources suggested.
Egyptian Petrochemicals Holding Company (ECHEM) has contributed to the petrochemicals industry in Egypt by increasing production rates from 600 tons per year when it was founded in 2002 to up to 4 million tons annually in the fiscal year (FY) 2018/19, according to a press release by the ministry of petroleum.
Minister of Petroleum and Mineral Resources Tarek El Molla discussed with Gerald Schotman, Executive VP Upstream JVs at Royal Dutch Shell, new ways to intensify Exploration and Production (E&P) activities and drive more investments.
