Egyptian oil minister Tarek El Molla and Vietnam’s Minister of Trade, Chan Tuan, signed a memorandum of understanding (MoU) on August 27 for cooperation in the fields of oil, gas and mineral resources.
Oil minister Tarek El Molla held talks with chairman of Apex International Energy Thomas Maher about the company’s concessions in Egypt's Western Desert in the attendance of a delegation from Blue Water Energy.
Egypt imported $481 million of oil and gas products from Russia in the first six months of 2018, an 84% increase from the same period in 2017.
The Egyptian Electricity Holding Company (EEHC) is expected to sign the final contracts for the $4.4 billion, 6 GW Hamrawein coal-fired power plant in September.
The Egyptian Natural Gas Holding Company (EGAS) has applied for shipping and supply licenses from the Gas Regulatory Authority (GRA) while the Egyptian Natural Gas Company (GASCO) has applied for transportation and distribution licenses.
Oil minister Tarek El Molla has signed two oil and gas exploration and production (E&P) agreements in the Sinai and the Suez Gulf with investments of $65 million and $3.5 million signature grant.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Apache has announced its plans to increase its annual investment in Egyptian oil exploration projects to $1 billion.
Cyprus is hoping to ship gas from its 4.5 trillion cubic feet Aphrodite offshore gas field to Egypt by 2022, Cyprus energy minister Giorgos Lakkotrypis has said.
Foreign direct investment (FDI) in Egypt’s oil and gas sector reached $10 billion in fiscal year (FY) 2017/18, Minister of Petroleum Tarek El Molla told Al Ahram newspaper in an interview published on August 24.
