Egyptian Zohr field's total investments may increase to more than $4 billion by the third quarter of 2017, from the current $3.8 billion, making around 5% increase.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Qarun Petroleum Company and Khalda Petroleum Company to review their fiscal year (fy) 2016/2017 operations.
Egyptian President Abd El Fattah El Sisi will attend a fifth tripartite summit with Cypriot President Nicos Anastasiade and Greek Prime Minister Alexis Tsipras.
he Egyptian Cabinet and Parliament approved the signing of contracts with US Apache, APEX International Energy, and Royal Dutch Shell, as the companies won five concession areas in the Western Desert.
The new law regulating gas markets will produce a more flexible gas market and boost the Egyptian economy, predicts the Egyptian Minister of Petroleum and Mineral Resources.