Khalda Petroleum Company and Qarun Petroleum Company announced that they will pump around $1 billion investments in the Western Desert during the fiscal year (FY) 2021/2022, as Khalda targets to invest $830 million while Qarun will invest $252 million in different oil and gas relevant activities

Eni announced that the Chairman of its subsidiary Eni RAK, Fuad Krekshi, has signed an Exploration and Production Sharing Agreement (EPSA) with the Chief Executive of the Ras Al Khaimah Petroleum Authority, Nishant Dighe for the onshore Block 7 located in Ras Al Khaimah of UAE.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the Croatian Minister of Foreign and European Affairs, Gordan Grlić, to discuss possible energy cooperation between Egypt and Croatia.

The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has approved the agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the East Damanhour onshore block.

The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement projects in its fields.

PETRONAS company announced that it has successfully launched the Malaysia Bid Round (MBR) 2021 under the theme “Grow Your Energy Portfolio With Us” through a virtual event to open more investment opportunities for investors to explore and exploit hudrocarbon resource potentials in Malaysia.

Norway commenced negotiations on 2021 licensing round offering new blocks for petroleum exploration in the Arctic Barents Sea.

ETRONAS Company announced that it has achieved natural gas discovery from Dokong- 1 exploration well in Block SK 417 which is located in in the shallow waters of Baram Province at offshore Malaysia.

The Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) have offered the first digital international bid round in 2021 for petroleum exploration and production (E&P) operations in 24 Blocks at the Gulf of Suez, Western Desert and the Mediterranean.