Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla chaired the general assemblies of Belayim Petroleum Company (Petrobel) and Petro Shorouk Companies to review the firms’ operations during fiscal ye ...
Khalda Petroleum Company’s production of natural gas reached 4,643,282 barrels of oil equivalent (boe) in July, 99% of its targeted production of 4,677,635 boe for the month.
Rockhopper Exploration PLC announced that production from the Abu Sennan field averaged 3,300 barrels per day of oil equivalent (BOE/D) during the first half of 2017.
TransGlobe Energy Corporation announced production rates of 13,851 barrels per day (b/d) of oil from its Egyptian fields during the second quarter of 2017.
The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.
Egyptian Zohr field's total investments may increase to more than $4 billion by the third quarter of 2017, from the current $3.8 billion, making around 5% increase.