The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of an agreement with the International Islamic Trade Finance Corporation (ITFC) to provide integrated financing solutions to all Egypt's sectors for 2021 worth $1.1 billion. This was in the presence of Hala El Said, the Minister of Planning and Economic Development, Ali Al-Moselhi, the Minister of Supply and Internal Trade, Rania Al-Mashat, the Minister of International Cooperation (MOIC), and Neveen Gamea, the Minister of Trade and Industry via video conference.

The Iraqi Council of Ministers approved the renewal of a contract to supply 12 million barrels (mmbbl) of Basra Light crude to the Egyptian General Petroleum Corporation (EGPC) in 2021.

Eni has made a new oil discovery in the Meleiha Concession in the Western Desert, adding an extra 10,000 barrels of oil per day (bbl/d) to the current concession production.

East Zeit Petroleum (Zeitco), a joint venture (JV) between Dana Petroleum Company and Egyptian General Petroleum Cooperation (EGPC), produced 8,000 barrels of crude oil (bbl) from its concession in Egypt, according to Al-Mal newspaper.

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.

Shell and Schlumberger have participated in the fourth edition of Al-Ahram Energy Conference (AEC) to discuss their investments in Egypt.

The Ministry of Public Business Sector signed a protocol to settle the debt owed to the Ministry of Petroleum and Mineral Resources for business companies’ natural gas withdrawals.

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.

Eni, the Italian giant, has come to an agreement with the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and its Union Fenosa Gas (UFG) partner Naturgy to finally re-open the Damietta liquefaction plant in Q1 2021.

The Egyptian General Petroleum Corporation announced that it has succeeded in obtaining a membership in the International Association Oil and Gas Producers under the framework of the Ministry of Petroleum and Mineral Resources’ Modernization project and application of highest health, safety and environment (HSE) measurements within oil and gas sector.