El Molla Announces New Promotions, Transfers
Egyptian Minister of Petroleum Tarek El Molla has unveiled new promotions and transfers in the oil and gas sector.
Egypt | Egypt Oil & Gas - Part 235
IOC E&P Investments to Reach $11B during FY 2018/19
International oil companies (IOCs) aim to increase exploration and production (E&P) investments to reach $11 billion by the end of fiscal year (FY) 2018/19, compared to $10 billion in FY 2017/18.
Egypt’s Petroleum Exports Increase by 5% in 2018: CAPMAS
Egypt's petroleum exports increased by around 5% to record $1.848 billion during the first nine months of 2018, compared to $1.761 billion in the same period of 2017.
Egypt Gas Seeks 8% Profit Growth in 2019
Egypt Gas Company is seeking an 8% profit increase to EGP 26.57 million by the end of 2019, up from EGP 24.57 million currently.
Misr Petroleum, Petronas to Establish New JV
Misr Petroleum Company and Petronas are preparing to launch a new joint venture (JV) for producing high quality lubricants and exporting them during Q1 2019.
El Molla Orders Inquiry into ASL 35 Fire
Minister of Petroleum Tarek El Molla has ordered an inquiry into the causes of a fire that broke out at Mediterra's ASL 35 development well.
El Molla Talks Infrastructure with World Bank Official
Egyptian Minister of Petroleum Tarek El Molla met with World Bank (WB) Vice President for Infrastructure, Makhtar Diop, to discuss current developments to Egypt's oil and gas infrastructure.
Dana Gas Adds 5000 boe/d to Production
Dana Gas Company announced the completion of the Balsam-8 well drilling in Q4 of 2018, which added over 5,000 barrels of oil equivalent per day (boe/d) to production.
El Molla Visits Zohr Onshore Gas Processing Plant
Minister of Petroleum Tarek El Molla visited Zohr field's onshore gas processing plant at Port Said to follow up on the project's current developments.
More Fuel Subsidy Cuts Coming in mid-2019: Fitch Solutions
Egypt will make further cuts to fuel and energy subsidies in mid-2019, a Fitch Solutions report predicted.
