Egypt | Egypt Oil & Gas - Part 232

Egypt Signs 63 Petroleum Agreements in Four Years: El Molla

Egypt has signed 63 petroleum agreements over the past four years with around $14 billion of investment.

Red Sea E&P Bidding to Start in Two Weeks

The Ministry of Petroleum will open bidding for exploration and production (E&P) contracts in the Red Sea within the coming two weeks.

Egypt Constitutional Committee Authorizes Egypt-Cyprus Pipeline Agreement

Egypt's Constitutional Committee authorized the Egypt-Cyprus agreement to establish a natural gas subsea pipeline on December 9.

Egypt Cancels Fuel Hedging Contracts

The Ministry of Finance has canceled plans to purchase fuel hedging contracts from international financial institutions.

BP, Mubadala Purchase 45% Stake in Eni’s Noor Concession

Egypt has approved the sale of a 25% stake in Eni's offshore exploratory Noor concession to BP.

Gas Cool Signs Agreement for New Administrative Capital Cooling Plant

The Egyptian Company for Energy & Cooling Projects (Gas Cool) has signed a deal with Administrative Capital for Urban Development (ACUD) to establish the first and largest central cooling plant for the new adminis ...

Eni to Drill Tenth Zohr Well in January 2019: Source

Eni plans to start drilling the tenth well at the Zohr natural gas field during January 2019 at a cost of $300 million.

El Molla Meets with Company Heads to Discuss Naphtha Tank Fire

Minister of Petroleum Tarek El Molla met with the head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, and the head of the Alexandria Petroleum Company (APC), Medhat Bahgat, to discuss a r ...

Egyptian Natural Gas Output to Reach 8 bcf/d in 2021: Ministry Official

Egypt's natural gas production will increase to 8 billion cubic feet per day (bcf/d) by 2021, up 29% from 6.2 bcf/d currently.

EDC Hosts Ministry of Petroleum’s Annual Safety Day

The Ministry of Petroleum's Annual Safety Day 2018, held on December 6 at the Egyptian Drilling Company's (EDC) headquarters in Cairo, brought together oil and gas leaders to discuss safety culture, leadership, an ...

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