Coronavirus (Covid-19)

  • Petrotrade Launches 12 New Payment Services

    Petrotrade Launches 12 New Payment Services

    Monday, 22nd June 2020

    Petroleum trading service company (Petrotrade) launches 12 new payment services for natural gas meter reading to limit the infection of coronavirus (COVID-19).

  • EOG Hosts its First Webinar on June 24

    EOG Hosts its First Webinar on June 24

    Monday, 22nd June 2020

    Egypt Oil & Gas (EOG) will host its first webinar entitled Egypt’s Oil and Gas Sector Pandemic and Commodity Price Crash on June 24, 2020 at 12 PM.

  • MoP Takes Steadfast Measures to Limit COVID-19 Spread

    MoP Takes Steadfast Measures to Limit COVID-19 Spread

    Tuesday, 9th June 2020

    The Ministry of Petroleum and Mineral Resources has taken several precautionary and preventive measures against the coronavirus (COVID-19) in order to limit the spread of the virus. The measures taken do not affect production and support Egypt’s economy to meet the needs of the local market.

  • El Molla Initials Contracts with Winners of Red Sea Bid Round

    El Molla Initials Contracts with Winners of Red Sea Bid Round

    Sunday, 31st May 2020

    Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.

  • EMGF Discusses the Region’s Natural Gas Future 

    EMGF Discusses the Region’s Natural Gas Future 

    Wednesday, 20th May 2020

    The East Mediterranean Gas Forum’s (EMGF) discussed the natural gas industry’s future and the natural gas market development to optimize the region's potential from reserves and infrastructure.

  • Centamin’s Revenues Record 7% YoY Increase in 2019

    Centamin’s Revenues Record 7% YoY Increase in 2019

    Monday, 18th May 2020

    Centamin gross revenues increased by 7% in 2019, recording $658.1 million against $614.8 million in 2018.

  • EMGF Subcommittee Assesses COVID-19 Impact on Oil, Gas Industry

    EMGF Subcommittee Assesses COVID-19 Impact on Oil, Gas Industry

    Monday, 18th May 2020

    The East Mediterranean Gas Forum’s (EMGF) Gas Industry Advisory Committee held its third meeting via video conference to prioritize the assessment of the COVID-19 impact on the regional oil and gas industry, in accordance with the subcommittee's plans.

  • Natural Gas-Based Industries to Work by Free Zone System

    Natural Gas-Based Industries to Work by Free Zone System

    Sunday, 10th May 2020

    The Economic Ministerial Committee has agreed to proceed with the necessary legislative amendments to allow licensing of projects for natural gas-based industries.

  • Dana Gas to Pay $397 MM of Outstanding Sukuk

    Dana Gas to Pay $397 MM of Outstanding Sukuk

    Thursday, 23rd April 2020

    Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk.

  • Baker Hughes’ Revenues Record $5.4 B in Q1 2020

    Baker Hughes’ Revenues Record $5.4 B in Q1 2020

    Thursday, 23rd April 2020

    Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year on year (YoY) decrease from Q1 2019.