Egypt Cancels Fuel Hedging Contracts
The Ministry of Finance has canceled plans to purchase fuel hedging contracts from international financial institutions.
News / Egypt
BP, Mubadala Purchase 45% Stake in Eni’s Noor Concession
Egypt has approved the sale of a 25% stake in Eni's offshore exploratory Noor concession to BP.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Gas Cool Signs Agreement for New Administrative Capital Cooling Plant
The Egyptian Company for Energy & Cooling Projects (Gas Cool) has signed a deal with Administrative Capital for Urban Development (ACUD) to establish the first and largest central cooling plant for the new administrative capital.
Eni to Drill Tenth Zohr Well in January 2019: Source
Eni plans to start drilling the tenth well at the Zohr natural gas field during January 2019 at a cost of $300 million.
El Molla Meets with Company Heads to Discuss Naphtha Tank Fire
Minister of Petroleum Tarek El Molla met with the head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, and the head of the Alexandria Petroleum Company (APC), Medhat Bahgat, to discuss a recent fire in one of Alexandria's naphtha tanks.
Egyptian Natural Gas Output to Reach 8 bcf/d in 2021: Ministry Official
Egypt's natural gas production will increase to 8 billion cubic feet per day (bcf/d) by 2021, up 29% from 6.2 bcf/d currently.
EDC Hosts Ministry of Petroleum’s Annual Safety Day
The Ministry of Petroleum's Annual Safety Day 2018, held on December 6 at the Egyptian Drilling Company's (EDC) headquarters in Cairo, brought together oil and gas leaders to discuss safety culture, leadership, and best practices.
Young Professionals Receive Live Coaching Session during EOG Upstream Convention
Attendees of the third day of the EOG Upstream Convention received a live coaching session from Kelly Bone, co-founder of Wolfpack Holdings, as part of Young Professionals' Day.
Panel Discusses Development of Young Professionals during EOG Upstream Convention
The second edition of the Egypt Oil & Gas (EOG) Upstream Operational Excellence Convention reaches its third and final day today. Dedicated to the youth in the oil and gas sector, the Young Professionals Day started with an open panel discussion on the importance of career visioning to sustain business and retain talent.
