Petrobel Beats FY 2017/18 Production Targets
Belayim Petroleum Company (Petrobel) beat its fiscal year 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day.
News / Egypt
Petrobel Drilled 35 Wells in 2017/18
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.
Pharaonic Petroleum Announces 174 bcf of Gas Production in FY 2017/18
Pharaonic Petroleum Company produced 174 billion cubic feet (bcf) of natural gas and 2.2 million barrels of condensates during fiscal year (FY) 2017/18.
GUPCO Crude Production Hits 71,000 b/d in FY 2017/18
The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.
Egypt to Pay Union Fenosa $2B in Gas Dispute
Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Eni Makes New Gas Discovery in Egypt’s Western Desert
Eni has announced a new natural gas discovery in Egypt's Western Desert.
Schlumberger Discusses Seismic Survey Developments with El Molla
Schlumberger officials have updated the government about the recent developments regarding the company’s seismic surveys in the Red Sea and Gulf of Suez.
Sisi Discusses Energy Sector Cooperation with Italian Deputy PM
Egyptian President Abdel Fattah El-Sisi and Italian Deputy Prime Minister Luigi Di Maio discussed energy sector cooperation during a meeting on August 29.
Domestic Butane Production Covers More Than 50% of Egypt’s Needs
Domestics production of butane covers almost 50% of the market’s needs.
