Al-Sisi Supports Eni’s Endeavors to Expand Activities in Egypt

• Sunday, 18th April 2021
• by Editorial Team

President Abdel Fattah Al-Sisi expressed his support for Eni’s endeavors to expand its investments in Egypt in the field of exploration and production (E&P) and to continue its fruitful cooperation with the Egypti...

GPC Strikes Oil in Abu Sennan Concession

• Thursday, 8th April 2021
• by Fatma Ahmed

The General Petroleum Company (GPC) has announced that it achieved a new oil discovery in Abu Sennan concession at the Western Desert after drilling DSWS-1X exploration well with investments worth $1.5 million, accord...

UOG Achieves New Discovery in Abu Sennan Concession

• Tuesday, 6th April 2021
• by Fatma Ahmed

United Oil & Gas Company (UOG) announced that it has made a new discovery in Abu Sennan Concession, onshore Egypt, after doing drilling operation for ASD-1X exploration well, a press release issued by the company ...

ADNOC, PETRONAS Sign Agreement to Collaborate in Abu Dhabi’s Petroleum Sector

• Sunday, 14th March 2021
• by Editorial Team

Emarati Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with Malaysian Petroliam Nasional Berhad (PETRONAS), to explore opportunities for collaboration across Abu Dhabi oil and gas sector...

Egypt Targets Mining Exports Worth $10 B by 2040: El Molla

• Sunday, 14th March 2021
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt’s mining sector has set a robust plan targeting mining exports worth $10 billion by 2040, which will boost this sector exports estimate...

Cheiron to Acquire 50% of Shell Egypt Onshore Upstream Assets

• Tuesday, 9th March 2021
• by Dr. Mahinaz El-Baz

Cheiron Petroleum Corporation  has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert, according to press release.  The remaining 50% of the interests will be purchased by Cheiron’s...

Egypt Extends Deadline for Gold Exploration Bid Round

• Thursday, 18th February 2021
• by Editorial Team

The Egyptian Mineral Resources Authority (EMRA) announced to extend the deadline of the bid rounds for gold exploration in its second round to be on Saturday, May 15, 2021, at 12 pm Cairo time instead of mid-March. Th...

Bapetco’s Investments Reach $298 MM in FY 2021/22

• Monday, 15th February 2021
• by Editorial Team

Badr El-Din Petroleum Company (Bapetco) announced that its investments reached $298 million with a 100% success rate in drilling three exploration wells during H1 2020/21. The company is planning as well to drill two ...

Egypt Grants Akh Gold Exploration Concessions in Eastern Desert

• Wednesday, 10th February 2021
• by Editorial Team

Altus Strategies announced that its subsidiary, Akh Gold Limited, has been granted four gold exploration concessions for nine blocks in the Eastern Desert, totaling 1,565 km2 by the Egyptian Mineral Resources Authorit...

El Molla Encourages Agiba, PHPC to Expand Exploration Efforts

• Thursday, 4th February 2021
• by Editorial Team

The Minister of Petroleum and Mineral Resources, Tarek El Molla, urged Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) to increase the number of their development and exploration wells in order to boost...