cabinet | Egypt Oil & Gas - Part 2

Cabinet Approves Five Oil Draft Agreements

The draft agreements authorize The Egyptian General Petroleum Corporation (EGPC) and several international companies to conduct E&P activities in the Gulf of Suez and the Nile Delta.

Prime Minister Follows Up Presidential Initiative to Convert Vehicles to Run on CNG

Madbouly held a meeting to follow up on the execution of the presidential initiative to replace old cars and convert vehicles to run on natural gas.

Prime Minister Reviews EGPC’s Budget for FY 2020/21

The meeting reviewed the preliminary results for EGPC's budget during the past FY, which showed restructuring the oil and gas sector, resulting in overall development and change of the sector's activitiesز

Cabinet Approves Two E&P Draft Bills 

The Cabinet approved two bills licensing the Minister of Petroleum and Mineral Resources to contract with other parties on exploration and production (E&P) activities.

Iraqi Cabinet Approves Tender for Drilling 96 Wells

The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra.

Cabinet Approves Green Incentives to Convert Cars to Natural Gas

The Cabinet headed by Mostafa Madboulfy, the Prime Minister, approved to finance the proposed green incentive for car owners, as part of the President’s initiative, Abdel Fattah El-Sisi, to replace obsolete cars t ...

Madbouly Follows up on Natural Gas Stations’ Expansion

The Prime Minister, Mostafa Madbouly, met with the Ministers of Petroleum and Mineral Resources, Finance, and Tarde and Industry to review the executive situation of natural gas stations, affirming that the expans ...

Cabinet Approves Three E&P Agreements

The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements.

Cabinet Emphasizes Petroleum Sector Achievements

The Media Center of the Cabinet issued a report shedding light on the most important achievements that led to Egypt's economic resilience during coronavirus, on top of which are several milestones of the petroleum ...

Natural Gas Vehicles to Save Citizen EGP 1,200 Monthly

The Minister of Petroleum and Mineral Resources, Tarek El Molla, said that natural gas usage as fuel will save about EGP 1,200 monthly for each citizen who uses an average 10 liters of gasoline 92 per month.

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