cabinet | Egypt Oil & Gas

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 International renewable energy company Voltalia.

The project will be developed on land ...

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 ...

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 fo ...

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 Kar ...

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 reporte ...

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

Egypt Drives Foreign Investment in Oil, Gas with Profit-Sharing System

The Cabinet, chaired by Prime Minister Mostafa Madbouly, approved Wednesday the use of the R-Factor (Profitability Factor) in certain petroleum agreements based on specific standards and conditions for each region ...

Egyptian Cabinet Approves Green Industrial Zone in Ras Shukheir, Gulf of Suez

The Egyptian Cabinet approved converting plots of land belonging to petroleum companies located in Ras Shukheir and the Gulf of Suez into a clean green industrial zone for the petrochemical industry and production ...

Cabinet Approves Draft Law to Organize Mineral Resources, Mining Industries Authority

The Egyptian Cabinet approved a draft law on the organization of the Mineral Resources and Mining Industries Authority, during the 31st Cabinet meeting chaired by Prime Minister Mostafa Madbouly

Cabinet Approves 5 Draft Petroleum Agreements

The Cabinet approved five draft petroleum commitment agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the South Valley Egyptian Petroleum Holdi ...

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