El Molla: Citizens Will Not Pay Interest on Gas Link Costs
Citizens will not be charged interest on the costs of connecting their houses to the natural gas grid, oil minister Tarek El Molla has announced.
Citizens will not be charged interest on the costs of connecting their houses to the natural gas grid, oil minister Tarek El Molla has announced.
Eni will begin production from the South Meleiha concession in the Western Desert’s Faghur Basin within three to six months.
Apache plans to drill three out of seven planned wells in the Western Desert by the end of 2018, according to an oil ministry source.
SDX Energy has announced another gas discovery at its SD-3X well in the South Disouq concession in Egypt.
Members of parliament requested on June 22 to send a letter to Prime Minister Mostafa Madbouly and Minister of Petroleum Tarek El Molla asking them to explain the reasons behind the latest increase in natural gas prices.
Egypt will raise natural gas prices for households and businesses by up to 75% from the beginning of August.
Misr Petroleum and Petronas have signed a memorandum of understanding (MoU) to produce 20,000 tons of first class oils and 10,000 tons of diesel annually.
The Egyptian General Petroleum Corporation (EGPC) signed a $9 million agreement with Apache on July 18 to drill seven oil wells in the East Bahariya concession in the Western Desert with a signature grant of $30 million.
Belayim Petroleum Company (Petrobel) and Eni will bring their South Balteem well online by mid-2019, helping the companies to achieve their target of pumping an extra 0.5 billion cubic feet per day of natural gas.
The 15th well of the Nooros gas field has started production.