TransGlobe Increases Output by 27%
TransGlobe Energy Corporation announced that its production had increased by 27% in 2017.
TransGlobe Energy Corporation announced that its production had increased by 27% in 2017.
Production from the Zohr natural gas field started "in a record time for this type of field of less than two and a half years."
The planned El Dabaa Nuclear Power Plant could save Egypt approximately $7 per one million thermal units, the Minister of Electricity and Renewable Energy, Mohamed Shaker, stated.
The government will publish its executive regulations for the new gas-market law in February.
Women make up 40% of the workforce in the government’s modernization program in the oil and gas sector.
The Egyptian General Petroleum Corporation (EGPC) will purchase Maersk Drilling Company's 50% stake in the Egyptian Drilling Company (EDC) for $100 million.
Egypt will produce 42% of its electricity from renewable resources by 2025, the Minister of Electricity and Mineral Resources, Mohamed Shaker.
Royal Dutch Shell is renegotiating its agreement with the Egyptian government for its development of the Burullus field.
Egypt will allow the international oil companies (IOCs) operating in Egypt to export surplus natural gas in five years.
Egypt’s plan to become a regional energy hub was inspired by the successes of the Singapore and Rotterdam.