News / Egypt
EGPC to Issue New Bid Rounds in Q1
The Egyptian General Petroleum Corporation (EGPC) will issue a new international bid round for oil and gas exploration as Q1 comes to an end.
Recent Promotions in the Petroleum Sector
Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new promotions and transfers in the petroleum sector.
Egypt’s Fuel Subsidies Cost Drops 42%
Egypt's total cost of fuel subsidies has dropped by 42% to record low of EGP 26b in the first half of the current fiscal year, down from EGP 45b in the same period a year earlier.
Subsea 7 Awarded Offshore Gas Infrastructure Contract in Egypt
Danish engineering company, Subsea 7, was awarded a major contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt - Giza, Fayoum, and Raven subsea fields offshore Alexandria.
Egypt Negotiates $7.5b Electricity Investments
The Ministry of Electricity and Renewable Energy is holding talks with three foreign energy companies about $7.5b worth of contracts to add 6,750 MW to Egypt’s electrical grid.
EGA Holds Roundtable Headed by Minister of Petroleum
On the 23rd of February, the Egyptian Gas Association (EGA) held it's first executive roundtable, titled "The Future of Natural Gas Industry in Egypt." The purpose of the roundtable was to bring together industry leaders from both the private and public sectors, allowing them to connect and collaborate on the different issues affecting the natural gas industry in Egypt.
Petroceltic Completes $9.5m Sale of Deepwater Licenses in Egypt
Petroceltic International plc, the Irish oil and gas exploration, development and production company, has completed the sale of the North Thekah, North Port Fouad, and South Idku deepwater exploration licenses in Egypt to its joint venture partner, the Italian company, Edison International S.p.A, for a total of $9.5m in a cash deal. Ministry of Petroleum Announces the Launch of PetroShorouk
Minister of petroleum and Mineral Resources, Tarek El Molla approved the formation of the joint venture company, PetroShorouk Petroleum, for the development of the Zohr field. The joint venture is between the Egyptian Natural Gas Holding Company (EGAS) and IEOC, the Ministry of Petroleum issued in a press release. 
