The International Islamic Trade Finance Corporation (ITFC) has agreed to finance $2 billion worth of petroleum products, as a part of a larger $3 billion agreement with Egypt's Ministry of Investment to fund the import of a number of basic goods.
Abu Qir Petroleum produced an average 263 million standard cubic feet per day (mmscf/d) of natural gas during fiscal year (FY) 2017/18, a 45% increase from FY 2016/17.
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.
Egypt Oil & Gas (EOG) Technical Committee has welcomed five new members to its board.
The 2nd Upstream Operational Excellence Convention will happen in December under the High Patronage of His Excellence Eng. Tarek El Molla, Egypt's minister of petroleum.
Egypt's Ahmed Kenawi, senior vice president of Middle East and North Africa at Halliburton, was listed among the Forbes 50 most influential expats in the United Arab of Emirates (UAE).
Production of crude oil, condensates, and butane fell by 2.56% year-on-year (YOY) in June 2018, producing 2.63 million tons compared to 2.69 million tons in June 2017.
Egypt is planning to link 72,800 households in Qalyubia province to the national gas grid by the end of 2018.
Egypt will dispense with one of two rented Norwegian Höegh Gallant floating storage and regasification units (FSRU) in mid-September 2018 due to adding new wells to production.
Eng. Osama Halim, who has more than 25 years of experience in the oil and gas sector, has been appointed the new Vice President Egypt & Libya for Halliburton.
