Egypt | Egypt Oil & Gas - Part 330
Engie CEO: Egypt’s Oil & Gas Industry has Comparative Advantage
The Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the CEO of Engie, Philip Olivier, to discuss Engie’s participation in Egypt’s liquefied natural gas (LNG) market.
GUPCO Exceeds Production Target
Gulf of Suez Petroleum Company (GUPCO) surpassed its production targets for the month of July.
GPC Achieves 99% of Production Target
General Petroleum Company (GPC) met its production targets for oil and condensates in July, but fell short of its target for natural gas
Construction on $10.6B Petrochemicals Project to Begin by June
Egypt's Carbon Holdings Company plans to begin construction on its Tahrir petrochemicals project by June 2018.
Apache, Merlon to Invest $79M in WD
The Minister of Petroleum and Mineral Resources, Tarek El Molla, finalized three new exploration and production agreements.
Sidpec at Full Capacity Despite Fire
Production units at Sidi Kerir Petrochemicals (Sidpec) are running at full capacity despite a fire that broke out in one of the refrigerating compressors at the company's ethylene-producing factory.
Nasr Pushes for $1B Tranche of WB Loan
The Egyptian Minister of Investment and International Cooperation, Sahar Nasr, met with a delegation from the World Bank to discuss the third tranche of the World Bank's $3 billion loan to Egypt.
Egypt to Reconsider Petroleum Contracts
The Egyptian Ministry of Petroleum and Mineral Resources established a joint committee to revisit oil and gas contracts in order to incentivize international oil companies (IOCs) to operate in Egypt's energy sector.
