Misr Petroleum Signs Refining Agreement with Petronas
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.
News / Egypt
EGPC, Apache Reach $39M Deal To Drill Seven Oil Wells
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.
Balteem Gas Field To Begin Production Mid-2019
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.
Nooros Field: 15th Well Begins Production
The 15th well of the Nooros gas field has started production.
IMF: Fuel Price Mechanism to Strengthen Egyptian Budget
The International Monetary Fund (IMF) has said that the recently-approved automatic fuel price mechanism will protect Egypt's budget from movements in the global oil markets.
El Molla Discusses Launching Digital Auction Portal With BHGE
Oil minister Tarek El Molla discussed launching an electronic portal for auction areas offered in Egypt with Baker Hughes GE President for digital solutions, Matthias Heilmann.
EGPC Hires HSBC to Raise $1B Loan
The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Dana Gas To Drill Two Wells in Egypt
Dana Gas is to drill two new wells in Egypt, the company’s head of investor relations has said.
Oil Ministry Signs Three Exploration Agreements
The Ministry of Petroleum signed three new agreements for oil and natural gas exploration in the northern Sinai Peninsula and the Gulf of Suez on July 11.
