TransGlobe Energy Corporation announced production rates of 13,851 barrels per day (b/d) of oil from its Egyptian fields during the second quarter of 2017.
The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.
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.