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.
he Egyptian Cabinet and Parliament approved the signing of contracts with US Apache, APEX International Energy, and Royal Dutch Shell, as the companies won five concession areas in the Western Desert.
Total along with the national oil company Qatar Petroleum acquired the operatorship of the Al-Shaheen offshore oil field for a period of 25 years starting July 14
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed during a ministerial meeting chaired by Prime Minister, Sherif Ismail, the efforts exerted by the ministry to enhance exploration in ...