E&P | Egypt Oil & Gas - Part 7
Al-Sisi Issues New Decree for E&P Activities in Red Sea
President Abdel Fattah Al-Sisi issued Law No. 160 of 2020 empowering the Minister of Petroleum and Mineral Resources, Tarek El Molla, to contract with international oil companies (IOCs) for exploration and production ...
Sonatrach, Equinor Signs MoU for E&P in Algeria
Sontarach company announced the signature of a Memorandum of Understanding (MoU) with its Norwegian partner Equinor company to find cooperation opportunities in the fields of exploration and production (E&P) of hy...
Khalda, Qarun to Invest $1 b in Western Desert During 2021/22
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 wh...
Eni Signs EPSA for Block 7 in Ras Al Khaimah
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 Di...
El Molla Discusses Energy Cooperation with Croatia FM
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. Grlić st...
EGAS: Natural Gas Production to Reach 7.2 bcf/d
The Egyptian Natural Gas Holding Company (EGAS) announced that it will sign three development contracts worth $377.7 million and that the natural gas production rate is planned to reach 7.2 billion Cubic feet of gas p...
Wintershall Dea, Cheiron, INA Sign Agreement on Joint Exploration at East Damanhour
Wintershall Dea, Cheiron and INA signed an agreement to jointly explore the East Damanhour onshore block, with approval from Minister of Petroleum and Mineral Resources, Tarek El Molla, a press release issued by Win...
GUPCO to Invest $562 MM in FY 2020/21
Gulf of Suez Petroleum Company (GUPCO) announced that it has allocated $562 million in its budget in fiscal year (FY) 2020/21 for investments in its fields, targeting to raise production rate to 70,000 bbl\d a press r...
