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.
News / Egypt
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.
Shell Starts Drilling First Exploration Well by End of August
Shell announced that the “Discoverer India” Drillship will start drilling in the first 6,000 meters deep marine well, West Delta Deep Marine (WDDM) concession by the end of this August.
Egypt to Drill Two New Gas Wells in North Damietta
The Ministry of Petroleum and Mineral Resources is preparing to drill two new wells in the Mediterranean fields of Atoll and Katameya in the North Damietta offshore concession with about $289 million in investments.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
