Budget Plan | Egypt Oil & Gas

El Hamra Oil Targets Increasing Production to 8,500 bbl/d by Drilling 10 Developmental Wells

El Hamra Oil Company announced that it targets to increase product rates to 8,500 barrels per day (bbl/d) through drilling ten developmental wells with costs amounts to $7.1 million.

Badawi Approves Petrogas 2025/26 Budget Plan

Minister of Petroleum and Mineral Resources Karim Badawi approved the budget plan for the fiscal year (FY) 2025/26 for the Petroleum Gas Company (Petrogas) in the presence of Manal Awad, Minister of Local Developm ...

Alamein Petroleum to Allocate $25M for Drilling Operations During FY 2025/26

The Chairman of Alamein Petroleum Company Mahmoud Tolba reviewed the modified budget plan of the company for the fiscal year (FY) 2024/25 which includes drilling three developmental wells in East Abu Sennan and th ...

El Molla Reviews CORC 2024/25 Budget Plans

Minister of Petroleum and Mineral Resources Tarek El Molla has approved the budget plans for the fiscal year (FY) 2024/25 for the Cairo Oil Refining Company (CORC).

El Molla Chairs General Assemblies of Misr Petroleum, Cooperation Petroleum Companies

During the two assemblies, El Molla pointed out the importance of the oil sector's companies continuing their development and modernization plans in various aspects of petroleum activities. This development brough ...

Egypt to Export 12 M Tons of Natural Gas in FY 2019/20

Egypt is expected to export around 12 million tons of natural gas for $2 billion in fiscal year (FY) 2019/20, compared to 4 million tons exports for $589 million in FY 2018/19 budget plan.

EGAS to Drill 13 Wells with $510 M Investments

EGAS plans to drill 13 wells in Nile Delta and the Mediterranean Sea during FY 2019/20, with total investments exceeding $510 million.

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