Eastern Desert

EMRA, Barrick Gold Sign $8.8 MM Contracts for Gold Exploration

Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed a signature of four contracts for gold exploration between the Egyptian Mineral Resources Authority (EMRA) and Barrick Gold company with investments worth $8.8 million.

TransGlobe Production in Egypt Records 10,904 bbloe/d

TransGlobe’s Production has amounted to 10,904 barrels of oil equivalent per day (bbloe/d) from its Egypt concessions until June 21.

Parliament Approves Bills of E&P in South Ghareb, Eastern Desert

The House of Representatives has approved two draft laws introduced by the government to get the green light for exploration and production (E&P) activities in South Ghareb and the Eastern Desert.

TransGlobe Production Amounts to 11,009 bbl/d in April

TransGlobe Egypt production averaged around 11,009 barrels of oil per day (bbl/d) in April and recorded 10,238 bbl/d throughout Q1 2021.

Egypt Grants Akh Gold Exploration Concessions in Eastern Desert

Altus Strategies announced that its subsidiary, Akh Gold Limited, has been granted four gold exploration concessions for nine blocks in the Eastern Desert, totaling 1,565 km2 by the Egyptian Mineral Resources Authority (EMRA).

Parliament Approves Draft Laws for New E&P Agreements

The House of Representatives approved a law authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract for exploration and production (E&P) projects across the republic.

TransGlobe Reaches Agreement with EGPC to Merge Eastern Desert Concessions 

TransGlobe reached an agreement with the Egyptian General Petroleum Corporation (EGPC) to merge the company’s three existing Eastern Desert concessions into a new modernized concession agreement.

El Molla Announces Gold Bid Round Results, Launches New Tender

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the results of Egypt’s gold bid round, where 11 national and international mining companies won the rights for exploring 82 concession areas for gold in Egypt.

TransGlobe Production Rebounds by 1% in October

TransGlobe's production in October showed significant progress with approximately 12,162 barrels per day (bbl/d), a 1% increase from Q3 2020 and below the revised budget expectations, with Egypt producing 10,303 bbl/d.

Naftogaz’s Investments Surpass $535 MM in Egypt

Naftogaz of Ukraine’s investments in Egypt have amounted to over $535 million over the course of 14 years, Director of Naftogaz in Egypt, Fedir Baiuk, stated.

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