development | Egypt Oil & Gas

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.

Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029

Iraq’s Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbl/d) by 2029, while confirming an agreement with BP to develop four oil fields in Kirkuk.

Iraq Ministry Of Oil, bp Enters Into Agreement to Develop Four Fields

The Iraq’s Ministry of Oil, represented by the North Oil and North Gas Companies, signed a contract with bp with initials to develop four fields.

Agiba Develops Iris Field in Record Time Producing 8,500 boe/d

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert.

Iran to Sign $17B Contracts For South Pars Gas Field Pressure Boost Project

National Iranian Oil Company is set to sign seven contracts for the South Pars (SP) pressure boost project valued at $17 billion, said the company’s Engineering and Development Manager, Reza Dehqa. This follows th ...

Halliburton Secures Major Drilling Services Contract Offshore Brazil

Halliburton has secured an integrated drilling services contract for the development and exploration across several offshore fields in Brazil for three years starting in 2025. The deal awarded by Petrobras, entail ...

Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq

Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields in Iraq. This confidentiality agreement involves Iraq to provide Halliburton with data and discuss ...

NPC Provides Development of HSE Systems, Digitalization Projects

Nasr Petroleum Company (NPC) Chairman Mohamed Abdullah stated that his company has implemented development health, safety, and environment (HSE) systems and provided its facilities with the latest early warning an ...

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