News / Egypt
Petrobel to Increase its Production Levels
Sherif Ismail, Minister of Petroleum and Mineral Resources received a report from Atef Hassan, head of Belayim Oil Company (Petrobel) about the company’s new strategy to maximize the country’s petroleum wealth, in its concession areas.
Sherif Ismail: Egypt to add 1.2m Household Units to the Natural Gas Supply Grid
The Ministry of Petroleum and Mineral Resources aims to connect 1.2m residential units with natural gas during the current fiscal year (FY) 2015/2016.
Ganope to Announce Results of Bidding For Exploration of Oil and Gas in 10 Blocks by Mid-August
Ganope intends to announce, by the middle of next month, the names of foreign companies who won the oil and gas exploration bids for the 10 new blocks issued at the beginning of this year.
5288 Extra Barrels of Crude Oil Discovered in 2015
Crude oil and derivatives production rates from new petroleum discoveries made during the period from January to July totaled 5288 b/d in Egypt.
Italy’s Edison to Build 180MW Power Plant in Egypt
Egyptian investment company Qalaa Holdings and Italian gas company Edison signed a Joint Development Agreement on Thursday to build a 180 MW power plant in Egypt.
Sherif Ismail: Egypt Strikes 3 New Gas Discoveries
Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of 21.2 million barrels of oil and 11 billion cubic feet of gas.
Italy’s Technip Lands Deal to upgrade Egypt’s ASORC & MIDOR
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of US$2.9 billion with Egypt-based companies for upgrades of two refineries there.
Egypt to Build a Compound Powered by Solar Energy
A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.
