EGPC | Egypt Oil & Gas - Part 22

Parliament Approves Draft Laws for New E&P Agreements

The House of Representatives approved new draft laws authorizing the Minister of Petroleum and Mineral Resources to contract for exploration and production (E&P) projects across the republic, according to Al-Ahram...

IOCs Highlight Egypt’s Investment Potentials During AEC

Shell and Schlumberger have participated in the fourth edition of Al-Ahram Energy Conference (AEC) to discuss their investments in Egypt, where they highlighted the investment potentials of Egypt’s oil and gas s...

Public Business Sector Settles Debt Owed to Petroleum Sector

The Ministry of Public Business Sector signed a protocol to settle the debt owed to the Ministry of Petroleum and Mineral Resources by business sector companies for their natural gas withdrawals. Tarek El Molla, Minis...

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, according to a statem...

Eni Reaches Agreement with Egypt to Restart Damietta LNG Plant

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-op...

EGPC Becomes IOGP Member

The Egyptian General Petroleum Corporation (EGPC) announced that it has succeeded in joining the International Association Oil and Gas Producers (IOGP) under the framework of the Ministry of Petroleum and Mineral Reso...

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...

MoP Issues Management Changes

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has made a few management changes in the petroleum sector, according to the General Trade union for Petroleum Workers. The minister appointed Hossam El-...

Al-Sisi Permits Abu Sennan Concession Agreement Amendment

President Abdel Fattah Al-Sisi ratified law No. 155 of 2020 allowing for the amendment of the petroleum exploration agreement in the East Abu Sennan concession in the Western Desert, according to the State Information...

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, told Al-Mal. Baiuk stated that the company is currently involved i...

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