Petrobel to Boost Production to 358,000 boe/d
Belayim Petroleum Company (Petrobel) plans to boost average production to reach 358,000 barrels of equivalent per day (boe/d) during FY 2018/2019.
Egypt | Egypt Oil & Gas - Part 287
PetroShorouk Upscales Exploration Activities
PetroShorouk Company is continuously intensifying its exploration activities at Shorouk Concession in order to confirm the discovered reserves in line with the construction works in the onshore and offshore facili ...
Egypt’s Natural Gas Production Increases by 14% Y.o.Y
The Egyptian natural gas production increased by around 14.11% year-on-year (Y.o.Y.), rising to 3.12 million tons in November 2017, compared to 2.734 million tons in November 2016.
GUPCO to Drill 4 Wells in FY 2018/2019
Gulf of Suez Petroleum Company (GUPCO) plans to drill 4 new wells, including one exploratory well and three development wells, during fiscal year (FY) 2018/2019.
EGAS to Launch Bid Round for East Mediterranean and Nile Delta
The Egyptian Natural Gas Holding Company (EGAS) will launch a bid round within few days for nine areas, including six areas offshore the East Mediterranean Sea and three areas onshore the Nile Delta.
Egypt to Halt LNG Imports by End of June
Egypt intends to stop importing liquefied natural gas (LNG) by the end of fiscal year (FY) 2017/2018, which ends late June 2018, according to Minister of Petroleum, Tarek El Molla.
IMF Recommends Further Cuts of Fuel Subsidies
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.
Ganope Surveys 4,200 km of Red Sea Water to Attract Investors
South Valley Egyptian Petroleum Holding Company (Ganope) surveyed 4,200 km of Red Sea water out of 10,000 km, in addition to other areas in Upper Egypt.
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
EGAS to Boost Gas Production to 7 bcf/d by End of 2018/2019
EGAS plans to drill and develop natural gas fields in the Mediterranean Sea in order to boost production to around 6 billion cubic feet per day (bcf/d) by the end of fiscal year (FY) 2017/2018, which will graduall ...
