Egypt

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 10th May 2021

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • UOG Hits Revenues of $9MM in Egypt in 2020

    UOG Hits Revenues of $9MM in Egypt in 2020

    Monday, 26th April 2021

    United Oil & Gas PLC (UOG) recorded $9 million in Egypt in 2020 and its total profit reached $0.85 million in 2020, according to UOG’s press release.

  • Dana Gas Terminates Egyptian Assets Sale Agreement

    Dana Gas Terminates Egyptian Assets Sale Agreement

    Monday, 26th April 2021

    Dana Gas has terminated its agreement with IPR Wastani Petroleum Ltd for the sale of its Egyptian assets, according to Dana Gas’ press release.

  • Wintershall Dea, BP get Approx 600 mmscf/d of Gas from Raven Field

    Wintershall Dea, BP get Approx 600 mmscf/d of Gas from Raven Field

    Monday, 26th April 2021

    Wintershall Dea and operator BP could  get a gross production of gas from Raven, the fifth field of the offshore West Nile, estimated approximately at 600 million standard cubic feet of gas per day (mmscf/d). At its peak, the Raven field is expected to deliver a gross production of 900 mmscf/d and approximately 30,000 barrels of condensate per day (gross production).

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 26th April 2021

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • Egypt, Belgium Discuss Steps to Green Hydrogen Production

    Egypt, Belgium Discuss Steps to Green Hydrogen Production

    Sunday, 25th April 2021

    In the presence of Minister of Petroleum and Mineral Resources, Tarek El Molla, Minister of Electricity and Renewable Resources, Mohamed Shaker, met Francois D’Elzius, Belgium Ambassador to Egypt, and the representatives of Belgian DEME Group, to discuss the steps taken in the green hydrogen production direction and to enhance cooperation between Egypt and Belgium

  • Egypt to Expand Oil, Gas Exploration in Western Mediterranean

    Egypt to Expand Oil, Gas Exploration in Western Mediterranean

    Wednesday, 21st April 2021

    Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, stated that the Ministry’s strategy is being implemented to increase oil and gas discoveries especially in the Western Mediterranean, according to the Kelma Akhira program presented by Lamees El Hadidi.

  • Naftogaz Ramps up Oil Production by 20% in Egypt’s Western Desert

    Naftogaz Ramps up Oil Production by 20% in Egypt’s Western Desert

    Tuesday, 20th April 2021

    Naftogaz Group ramped up oil production from its assets in the Western Desert of Egypt by more than 20% or 600 barrels per day (bbl/d), a press release reported.

  • Petrojet, TR Sign MoU to Manufacture Heat Transfer Equipment in Egypt

    Petrojet, TR Sign MoU to Manufacture Heat Transfer Equipment in Egypt

    Tuesday, 20th April 2021

    Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of a memorandum of understanding (MoU) between Petrojet and the Spanish company Tecnicas Reunidas (TR) to cooperate in designing, supplying, and manufacturing heat transfer equipment used in components of petroleum projects, according to press release.

  • El Molla Discusses Developments in Mining Sector With Canadian Envoy

    El Molla Discusses Developments in Mining Sector With Canadian Envoy

    Monday, 19th April 2021

    Minister of Petroleum and Mineral Resources, Tarek El Molla met with the Canadian Ambassador to Cairo, Louis Dumas to enhance mining sector and review the latest development of the Canadian companies in the field of oil, gas, mining, and petrochemicals in Egypt, according to press release.