Egypt’s Average Gas Production Sees Declines

• Monday, 9th May 2016
• by Egypt Oil & Gas

Egypt's Oil Ministry has published a report stating that country’s average production of natural gas declined to 3.8bcf/d in 2016, down from 4.4bcf/d in 2015.

Oil Ministry Eyes Foreign Investment Rise by $1b

• Sunday, 8th May 2016
• by Egypt Oil & Gas

Egypt's petroleum ministry is eyeing larger foreign investments in drilling and exploration projects to amount to $8.5b by the end of fiscal year 2015-16, up by $1b.

Egypt’s Petrotrade Negotiating EGP 4b Bank Loan

• Thursday, 28th April 2016
• by Egypt Oil & Gas

Egypt’s Petroleum Services Petrotrade holds negotiations with local banks to borrow EGP 4b to be able to pay the dues of the Egyptian General Petroleum Corporation (EGPC) related to oil products.

EGPC, Edison to Develop Abu Qir’s 2nd Phase

• Tuesday, 26th April 2016
• by Egypt Oil & Gas

Egypt’s General Petroleum Corporation (EGPC) has inked a cooperation agreement with Italy’s Edison International to develop the second phase of the offshore Abu Qir gas field.

Oil Minister Evaluated Zohr Operation Developments

• Sunday, 24th April 2016
• by Egypt Oil & Gas

Tarek El-Molla, Minister of Petroleum and Mineral Resources, held the second monthly meeting with the higher committee - EGAS, EGPC, Petrobel, and ENI to follow up on the implementation phases of the Zohr field and e ...

Egypt to Receive 700,000 Tons of Petroleum Products from KSA

• Tuesday, 12th April 2016
• by Egypt Oil & Gas

Saudi Arabia will provide Egypt with 700,000 tons of petroleum products a month under a $23b deal over five years signed between Saudi Aramco and the Egyptian General Petroleum Corporation (EGPC), an EGPC official said.

EGPC Considers GPS in Butane Gas Transportation

• Monday, 11th April 2016
• by Egypt Oil & Gas

Officials in the petroleum sector are currently considering the use of GPS in cars transporting butane gas to keep tabs on smuggling operations and to combat black market sales, a source at the Egyptian General Petro ...

Oil Minister, Italian Edison Discuss Development of Abu Qir Field

• Monday, 11th April 2016
• by Egypt Oil & Gas

Tarek El Molla, Minister of Petroleum and Mineral Resources, met with Marc Benayoun, Chief Executive of Edison International Group and President of the Board of Directors, to discuss the development of the second pha ...

Petroleum Minister Issues New Promotions

• Sunday, 10th April 2016
• by Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector with a goal to enhance performance in line with the current requirements of the industry.

Egypt’s Arrears to Foreign Oil Companies Rose to $3.2b in March

• Wednesday, 6th April 2016
• by Egypt Oil & Gas

Egypt's outstanding arrears to foreign oil companies rose to $3.2b at the end of March, up from $3b at the end of December, an official at the Ministry of Petroleum told Reuters.