The Egyptian oil and natural gas sector will start drilling operations at the 9B phase of the West Nile Delta deepwater concession in the Mediterranean Sea in April 2018, for producing natural gas.
Eni has announced that its joint venture with the Egyptian General Petroleum Corporation, AGIBA Petroleum Company, reached a production milestone of 500 million barrels per day (mb/d) on March 15th.
The Egyptian Projects Operation and Maintenance Company received an offer in 2017 to operate Siba natural gas field in Iraq in partnership with the Egyptian Maintenance Company.
Methanex Corporation plans to increase its methanol production capacity above 1.3 million tons per year.
Power China Company is keen to increase its activities in Egypt as the country looks to become a regional oil and gas trading hub, the company's chairman has said.
Dana Gas Company has announced that it intends to spend around $50 million in Egypt over the course of 2018.
El-Neel Oil Marketing Company added seven new filling stations to its distribution network and developed 37 more in 2017.
Tharwa Petroleum Company drilled seven development and exploratory wells and successfully made two new oil discoveries at Abu Sennan concession in 2017.
BP intends to sell its stakes in the Gulf of Suez Oil Company (GUPCO), banking sources have said.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, have inaugurated the 4th phase of Al Samra Power Plant.
