Oil minister Tarek El Molla has signed three new exploration contracts to drill 15 wells in the Mediterranean and the Western Desert with an investment budget of $139.2 million and a $55 million signing grant.
The Egyptian General Petroleum Corporation (EGPC) and BP have signed a $46 million oil and gas exploration and production (E&P) deal for the Eastern Ramadan area in the Gulf of Suez.
The Egyptian General Petroleum Corporation (EGPC) signed a $9 million agreement with Apache on July 18 to drill seven oil wells in the East Bahariya concession in the Western Desert with a signature grant of $30 m ...
The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018.
Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018.
Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion.
Egypt produced around 1.6 million tons of diesel during Q1 2018.
The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).
Shell, Apache, and Mubadala Petroleum are considering submitting bids in the exploration and production (E&P) bid round that will be launched by the Egyptian General Petroleum Corporation (EGPC) for exploration ar ...
