News / Egypt

Emirati Inmaa Al Ain and Egypt’s Ganope to Launch New Projects

Emirati Inmaa Al Ain for Development and Investment signed a memorandum of understanding with Ganoub El-Wadi Petroleum Holding Company (Ganope) for the establishment of new projects in the new Gulf of Suez annex worth $3.5b, reported Egypt Oil & Gas (EOG).

Tarek El-Molla to be Egypt’s New Petroleum Minister

Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned.

Ganope’s Seismic Surveys Moves Ahead for 2014-2015

During the 2014-2015 fiscal year a number of seismic, gravitational, and magnetic surveys were completed, with others still underway.

Amr Mustafa: Strategic Reserves to Resolve Gasoline Crisis at Stations

In exclusive statements made to Egypt Oil & Gas, Amr Mustafa, EGPC Vice Executive Chairman for Operations, said that the quantities of gasoline supplied today have been increased to 22,000 tons from 20,000, for both the petrol 80 and 92 types, a 10% rise over the normal rate.

Sherif Ismail: Petroleum Successes Felt by Citizens, Foreign Partners

Sherif Ismail, Minister of Petroleum and Mineral Resources, and Prime Minister-designate, insisted that the signing of new petroleum agreements and modifying the purchasing price of gas produced in some existing agreements

Ganope Production Increased to 31,000 B/D

According to Abu Bakr Ibrahim, Chairman of Ganope the company has made a total of 27 agreements, in addition to 5 new agreements currently being finalized, reported Egypt Oil & gas (EOG).

Sherif Ismail: Exploration Activity Important to Egyptian Economy

Prime Minister Sherif Ismail said that optimizing the usage of natural resources, boosting exploration activities, increasing local production, as well as reserves ensure maximizing the value added to the national economy, reported Egypt Oil & gas (EOG).

NOSPCO to Issue New Tender for Rig

Egypt Oil & Gas learned that North Sinai Petroleum Company (NOSPCO) issued a tender to hire a new rig to execute the company's plan for the current fiscal year in the Western Desert.

Agiba to Issue New Tender for Rig

Agiba Petroleum Company is preparing to launch a tender to hire a new drilling rig to execute its plan for the current fiscal year in the Eastern Desert concession area.

Cyprus May Claim Part of Egypt’s Massive Zohr Field

Cyprus Energy Minister Giorgos Lakkotrypis said that in the next few days Cyprus will have an idea of whether the large natural gas reserve recently discovered [Zohr] off the coast of Egypt extends inside the island’s Exclusive Economic Zone (EEZ)

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