The Egypt Oil & Gas (EOG) Technical Committee has gathered at Shell Egypt on Wednesday, September 4th to discuss the agenda of the Upstream Technical Convention, which has been confirmed by the Ministry of Petroleum to take place from December 8-10, Egypt Oil & Gas reports.
Egypt has signed a memorandum of understanding (MoU) with Oman to enhance oil and gas cooperation and exchange expertise and technologies in the industry.
Egypt’s natural gas production has reached 7 billion cubic feet per day (bcf/d), up from 6.8 bcf/d at the end of June.
Applying the power pricing indexation mechanism will boost the energy investments and increase the production in Egypt.
The Ministry of Petroleum and Mineral Resources announced 10 new exploration wells in the Western Desert in the East Bahareya Extended Area 3, with an average daily production of 5,000 barrels of oil equivalent per day (boe/d).
The electric vehicle (EV) factory will be located in 6th of October City and will be set up in collaboration with Ukrainian firm Eco Factory, an engineering company that specialises in manufacturing commercial vehicles as well as storage devices and control systems for EVs.
NSCO Investments Limited, a subsidiary of Egypt Kuwait Holding (EKH) has completed drilling its second natural gas field at Kamos concession (KM-1) in North Sinai of Egypt at a depth of 2,664 meters, with a production capacity of 20 mcf/d, raising the company’s average daily output to 75 mcf/d, compared to 25 mcf/d during the first six months of 2019.
The Ministry of Planning, Monitoring and Administrative Reform announced that the total investments targeted for the electricity sector during the year 2019/2020 is about EGP 111.9 billion, which is 9.6% of the country’s total investments.
Khaleda Petroleum Company has achieved unprecedented record numbers in its history during the last fiscal year, where the company recorded the highest daily crude oil production rate of more than 141,000 barrels and the highest annual crude oil production rate of more than 49 million barrels,
The cancellation was due to the low value of the offers.
