development | Egypt Oil & Gas

Egypt Seeks World Bank Support to Boost Mining Sector

Karim Badawi, Minister of Petroleum and Mineral Resources, discussed with Robert Schlotterer, World Bank (WB) Group Metals and Minerals Practice Manager, possible cooperation with the bank's entities -like the Int ...

Badawi Reviews Rystad Energy Report Results and Egypt’s Strategy to Transform into a Regional Gas Hub

Minister of Petroleum and Mineral Resources, Karim Badawi, presented a strategic review to the Cabinet regarding a recent Rystad Energy report titled “Resetting Egypt’s Gas Sector: Debt Settlement, Drilling Recove ...

PETROJET Secures $1Bn Contract to Develop Algeria’s Hassi Bir Rekaiz oil Field

The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project entails the construc ...

bp, Eni Extend Baltim East Lease Offshore Nile Delta

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian Eni and UK bp to extend the development lease for the Baltim East field in Baltim area offshore the Nile Delta region. Under t ...

bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf

bp, one of the world's largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the comp ...

Iraq Strengthens Energy Ties with Oman, Turkmenistan

Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation.

Dana Gas Begonia-2 Well to Deliver 5 MMCF/D of Natural Gas, 11 More Wells in Pipeline

Dana Gas reported on Wednesday 9 billion cubic feet (bcf) of gas proven reserves from initial drilling results of Begonia-2 appraisal well located in the New Manzala concession area in the Nile Delta region. Produ ...

Iran’s Boosts Oil Storage Capacity with 2M barrels

Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after ...

Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These ...

bp, Iraq Reaches Final Agreement to Develop Kirkuk Fields

bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.

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