Eastern Desert | Egypt Oil & Gas - Part 3

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 Auth ...

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 f ...

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 b ...

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.

GPC Allocates EGP150 Million for “North West” Pipeline Project

General petroleum Company (GPC) stated that it allocated  EGP150 million for implementing 8-inches pipeline project to exploit the produced gases from “North West” field in the Eastern desert.

Egypt’s TransGlobe Production Records 11,990 BBLS/D in Q2 2020

TransGlobe Egypt production averaged at 11,990 barrels of oil per day (bbls/d) in Q2 2020.

GPC Achieves Production Record of 62,000 bbl/d

General Petroleum Company (GPC) has achieved a production record of 62,000 barrels per day (bbl/d) for the first time ever since its establishment in 1957.

SDX Sells 50% of North West Gemsa License for $3 MM

SDX Energy has announced that it sold 50% working interest in the North West Gemsa license which is located in the Eastern Desert, to Gulf Energy company at for amount of $3 million.

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