BP to Sell Egyptian Stake to Dragon Oil
The transaction is set to take place in the coming weeks and would be the end of BP's 50 years journey in the Gulf of Suez Petroleum Company (GUPCO).
Egypt | Egypt Oil & Gas - Part 198
Misr Petroleum Inaugurates Two New Filling Stations
Misr Petroleum Company's head, Hussein Fathy, inaugurated two new filling stations in Abu Sir, Ismailia; and Bahr el Baqar, Port Said.
Egypt, Cyprus, Greece Sign Electricity Interconnection Deal
Egyptian Electricity Transmission Company (EETC) signed a framework agreement with Euro Africa Interconnector Company to connect the power grids of Egypt, Cyprus and Greece through Crete.
Ministry of Petroleum Issues New Promotions
The Egyptian Ministry of Petroleum issued new promotions and transferals to let employees exchange expertise and support production.
Qalaa Holdings’ Revenues Grow by 25%
The company's operating profit grew by 36% to reach EGP 1.3 billion in 2018, which is supported by the strong performance of all the affiliated companies.
El Molla Reviews Refining Projects
The meeting reviewed the operational situation of the mazut hydro-cracking complex at ANOPC to secure Upper Egypt's demands.
El Molla Reviews SIDPEC’s Development Work
El Kasaby announced that work is ongoing in the $1.2 billion worth propylene derivatives complex' expansion project, to produce 500,000 tons of propylene and 450,000 tons of polypropylene.
EOG CSR Subcommittee Launches Educational Initiatives
The EOG CSR Subcommittee discussed the future of education and the assistance that can be provided to students in schools and universities.
El Sisi Discusses Cooperation with Noble Energy
President Abdel-Fattah El-Sisi met with the CEO Noble Energy, David Stover, to discuss the firm’s exploration activities in the Egyptian oil and gas sector.
Dana Gas Starts Drilling Operations at Merak-1 Well
The new well is set to take approximately 70 days to be drilled and could add up to 4 trillion cubic feet (Tcf) of natural gas in prospective resources.
