President Abdel Fattah El Sisi held a meeting on June 23 to follow up on some of the petroleum sector major projects, especially exploration and production in natural gas and oil fields, as well as delivering natu ...
The Egyptian General Petroleum Corporation aims to increase its production of crude oil and condensates by 50,000 barrels per day (b/d), bringing its total production to nearly 710,000 b/d by mid-2020.
Egypt and Lebanon agreed in May to increase cooperation in the energy sector, during the meetings of the High Joint Committee between the two countries.
Bahrain plans to allow international companies to own 100% of oil and natural gas extraction projects.
After years of a decline in E&P activities, the Tunisian government granted 30 exploration licenses, alongside the development of 13 new wells.
According to the agreement, the company will search for and develop oil at the Ras Budran and El Zeit Bay oil fields in the Gulf of Suez (GOS).
El Molla pointed out that the ministry’s commitment to secure an investment attractive climate will encourage big international oil companies (IOCs) to invest in Egypt.
Shell Egypt is waiting for the bid round to be launched in order to study the possibility of bidding in it, based on studying data and information related to the concessions in the bid round.
Italy’s giant Eni and Oman Oil Company Exploration and Production won an Exploration and Production Sharing Agreement for block 47 in Oman.
Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.
