Shell, EGPC Sign HR Agreement to Modernize BAPETCO
The agreement was signed by Abed Ezz El Regal, head of EGPC; and Khaled Kacem, Shell's Country Chairman and Managing Director in Egypt, in the attendance of Minister of Petroleum, Tarek El Molla.
The agreement was signed by Abed Ezz El Regal, head of EGPC; and Khaled Kacem, Shell's Country Chairman and Managing Director in Egypt, in the attendance of Minister of Petroleum, Tarek El Molla.
According to the agreement, the company will search for and develop oil at the Ras Budran and El Zeit Bay oil fields in the Gulf of Suez (GOS).
Butane will be increased the most as the county is adding 100,000 butane cylinders per day to the amounts pumped into the market, boosting the total to 1.25 million cylinders per day.
Weatherford has inaugurated its new Kattameya facility and office space in Cairo in a ceremony that gathered the company’s top management and industry leaders.
Egyptian butane imports during the first three months in 2019 were close to 60% of the country's butane cylinders.
Egypt produces around 518,000 tons of diesel per month, through state owned and private owned refineries.
Developing the national grid is an essential component in Egypt’s strategy to become a regional hub for natural gas
The country's refinery production capacity ranged between 500,000 and 550,000 tons in February 2019, covering around 50% of consumption, Ezz El Regal noted, adding that Egypt secures the remaining amounts through ...
EGAS will launch an E&P bid round to search for natural gas in the West Mediterranean.
The company plans to file an arbitration case as EGPC breached obligations in several gas sales agreements and was not able to pay its debts in time.