The Chairman of Egyptian Natural Gas Holding Company (EGAS), Magdy Galal and the Chairman of the Egyptian Electricity Holding Company (EEHC), Gaber Dessouki, have signed a memorandum of understanding (MoU) with the Managing Director of International Egyptian Oil company (IEOC), Marco Rotondi, to cooperate in green and blue hydrogen production projects in addition to estimate the technical and commercial feasibility of such projects in Egypt.

Tarek El Molla, Minister of Petroleum and Mineral Resources, has signed a cooperation protocol with Tarek Shawki, Minister of Education, and Adel Al-Ghadban, Governor of Port Said, to implement technical projects in Port Said as part of the community development initiative allocated by the Zohr field project.

A consortium of Belgian companies and the management consulting company, Roland Berger, submitted the feasibility study report on producing green hydrogen in Egypt and exporting it to Europe.

The Egyptian Chemical Industries (Kima) has agreed with a consortium of six local banks to restructure EGP 6.8 billion in outstanding debt.

The Prime Minister, Mostafa Madbouly, witnessed the signing contract to amend 2262 buses of the Public Transport Authority in Cairo and Alexandria with a bout EGP 1.2 billion to run on natural gas, according to a press release.

The Cabinet approved two bills licensing the Minister of Petroleum and Mineral Resources to contract with other parties on exploration and production (E&P) activities.

The Minister of Mineral Resources, Tarek El Molla, met with Jordan’s Energy Minister, Hala Zawati, in Amman, Jordan to discuss and enhance bilateral cooperation in the oil, gas and mineral resources field, according to a press release.

Wintershall Dea and operator BP could  get a gross production of gas from Raven, the fifth field of the offshore West Nile, estimated approximately at 600 million standard cubic feet of gas per day (mmscf/d). At its peak, the Raven field is expected to deliver a gross production of 900 mmscf/d and approximately 30,000 barrels of condensate per day (gross production).

The Egyptian Natural Gas Company (GASCO) achieved a record of 61.1 billion cubic meters (bcm) of natural gas in 2020 which supply the consumption sector of the local market and export through the national network, and the electric sector was supplied with 60% of the total distribution.

The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.