News / Egypt
El Molla: Egypt’s Oil Sector Is Implementing New Strategy
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the oil sector in the country is currently implementing a new strategy, which will offer new bid rounds, conclude agreements with IOCs, and step up foreign oil investments as well as the development of the existing and recently discovered fields.
Engie Plans $490m Renewables Investment in Egypt
Engie, a French energy company, is planning to set up two power plants – wind and solar - in Egypt, an investment worth $490m, according to the company’s Regional Director for North Africa, Amin Homan Lodi.
Apache CEO Glad over Assets in Egypt
Apache CEO, John Christmann, told Houston’s Offshore Technology Conference that he is glad the company held on to its assets in Egypt, while it has been selling most of its international holdings.
Bechtel to Provide Coking Unit to Assiut Refinery
Assiut Oil Refining Company (ASORC), a subsidiary of Egyptian General Petroleum (EGPC), has selected Bechtel for the process design of a delayed coking unit at the Assiut refinery in Egypt.
Egypt to Open New Bid Rounds for 28 Blocks
Egypt intends to offer 28 blocks to foreign oil and gas companies in a bid round planned to take place soon, Tarek El Molla, the country's Minister of Petroleum and Mineral Resources said at the Offshore Technology Conference (OTC) 2016 in Houston.
Egypt’s Foreign Reserves Increased to $17b
Egypt's net foreign reserves reached $17b at the end of April, which marks an increase by $449m, the Central Bank of Egypt (CBE) announced. Egypt’s Oil Minister Speaks at Offshore Technology Conference
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, participates as a key speaker at the Offshore Technology Conference, the world's largest offshore conference in the oil and gas industry, held in Houston, the ministry informed in a press release.
Egypt’s Petrotrade Negotiating EGP 4b Bank Loan
Egypt’s Petroleum Services Petrotrade holds negotiations with local banks to borrow EGP 4b to be able to pay the dues of the Egyptian General Petroleum Corporation (EGPC) related to oil products. 
