Petroleum Sector to Achieve Self-Sufficiency Ahead of Time
The government is currently working on finishing all petroleum projects on time, if not earlier, to achieve its plans of self-sufficiency and be an exporter instead of an importer.
News / Egypt
Egypt to Turn 27 MM Electricity Meters into Prepaid Ones
Mohamed Shaker, the Minister of Electricity and Renewable energy handed a massive operation that aims to turn around 27 million electricity meters into prepaid ones, to the Arab Organization for Industrialization (AOI), El Sewedy Electric, Iskraemeco, Electro Meter Corporation (EMC), El Maasara Company and Global Company.
Zohr Total Investments Reach $10.6 B
Zohr field’s total investments reached $10.6 billion, of which $3 billion were injected in fiscal year (FY) 2018/2019 after the field reached a production level of 2.7 billion cubic feet per day (bcf/d).
Cabinet Approves New Regulations for Oil, Gas Exploration
The Cabinet approved regulations regarding 17 petroleum commitment agreements for the oil and gas exploration, during their 54th meeting.
EGAS Offers 3 LNG Cargoes for Shipment Next September
Egyptian Natural Gas Holding Company (EGAS) offered three Liquified Natural Gas (LNG) cargoes for shipment from Idku gas liquefaction plant in September.
Petrobel Sets New Production Record with Milestone Achievements
The average production of Belayim Petroleum Company (Petrobel) has exceeded a record 803,000 barrels of oil equivalent per day (boe/d).
Egypt Signs Four Cooperation Agreements to Train Youth
Egypt signed four cooperation agreements with a number of international oil companies (IOCs), including Apache, BP, ENI and Kuwait Energy to train young and middle management calibers.
Huawei to Support Egypt’s Smart Grids
Mohamed Shaker, the Minister of Electricity, met with Huawei’s Regional Corporate Head, Michael Li, to discuss Egypt’s future plans to transition to a smart electricity grid.
Petroleum Arrows to Raise Product Distribution by 5%
Petroleum Arrows aims to increase the distribution rate of the industrial gases, ammonia and high-grade propane, and transporting the petroleum products with 5% by the end of Q4 in 2019.
GUPCO’s Crude Oil Production Reaches 61,700 b/d
The Gulf of Suez Petroleum Company’s (GUPCO) average production level from its Ras Shouqair crude oil field has reached around 61.7 thousand barrels per day (b/d) in fiscal year (FY) 2018/19.
