cabinet | Egypt Oil & Gas
Cabinet: Claims of $50m Energos Winter Repair Costs “Unfounded”
The Cabinet has denied reports claiming that Egypt will pay $50 million to repair the Energos Winter floating storage and regasification unit (FSRU), which was set on fire resulting from a drone attack at Damietta Por...
Egypt Expands Strategic Fuel Reserves to Counter Regional Tensions
Prime Minister Mostafa Madbouly announced that Egypt is proactively strengthening its energy security by increasing strategic reserves of petroleum products and other essential commodities, according to a statement re...
Voltalia Secures Cabinet Approval for 869 MW Wind Power Project
During its weekly meeting, the Cabinet approved the implementation of an about 869-megawatt (MW) wind power project by the international renewable energy company, Voltalia, according to a Cabinet statement. The projec...
Egypt Approves $52.97 Mn Exploration Agreements for Mediterranean, Nile Delta
The Egyptian Cabinet approved four draft petroleum agreements that cover drilling of at least six wells, and have a minimum investment value of $52.97 million, Prime Minister Moustafa Madbouly announced during the cab...
Cabinet Approves New Mining Regulation Amendments
The Cabinet approved a series of amendments to the country’s mining regulations, tightening licensing procedures, setting new rules for state participation in mining ventures, and introducing oversight measures for ge...
Egypt to Temporary list 10 Petroleum Companies in Privatisation Push
Ten petroleum companies are set to be temporarily listed on the Egyptian Stock Exchange (EGX) under the government’s privatisation programme, following a meeting chaired by Prime Minister Mostafa Madbouly with Karim B...
Basra Oil Company gains control over Lukoil’s West Qurna2 field
The Iraqi cabinet approved what it described as an “amicable settlement” with Russia’s Lukoil over the transfer of operations at the giant West Qurna 2 oil field to the state-run Basra Oil Company, Reuters reported, c...
Cabinet Grants Lands for Green Hydrogen Projects in Red Sea
The Cabinet approved the allocation of several plots of land in the Red Sea Governorate to the General Authority for Red Sea Ports to support the development of green hydrogen projects and related infrastructure Durin...
