General Assembly | Egypt Oil & Gas - Part 12
EGAS to Establish Seven Projects, Adding 20 Developmental Wells to the Production Line During FY 2024/25
Egyptian Natural Gas Holding Company (EGAS) Chairman Magdy Galal has announced that his company aims to establish seven developmental projects and put 20 developmental wells on the production line during the fiscal ye...
Petrobel Targets Investments Worth $614M During FY 2024/25
Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy has stated that the company targets investments of $614 million during the fiscal year (FY) 2024/25. He said that during the general assembly of the Petrobel...
Petroshrouk Ramps Up Zohr Gas Field with $535M Investment Plan
Petroshrouk Chairman Khaled Mowafy has announced that progress is underway on the development operations plan for the Zohr natural gas field, as outlined for the current fiscal year (FY) 2023/24. This plan entails the...
Sidpec Achieves 105% of Production Plan in 2023
Minister of Petroleum and Mineral Resources Tarek El Molla chaired the general assembly meeting of the Sidi Kerir Petrochemicals Company (Sidpec) to approve the results of its work for the year 2023. Sidpec’s Chairman...
Khalda Petroleum to Pump Investments Worth $1.2B During FY 2024/25
Saeed Abdel Moneim, Chairman of Khalda Petroleum Company, has announced that the company will pump investments worth $1.2 billion and drill 42 exploratory wells, in addition to other 81 development wells in the Wester...
Ganope Announces Q1 2024 Exploratory Drilling Program with $150M Budget
South Valley Egyptian Petroleum Holding Company (Ganope) Chairman Ashraf Bahaa has announced that the company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that upon co...
El Molla Chairs ECHEM General Assembly to Approve Annual Budget
Minister of Petroleum and Mineral Resources Tarek El Molla has confirmed that the coming period will witness the implementation of a number of petrochemical projects that will achieve added value and sustainable devel...
GUPCO to Invest $586M, Increase Production to 72,000 bbl/d in FY 2024/25
Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly of the Gulf of Suez Petroleum Company (GUPCO) to approve the new investment budget for the next fiscal year (FY) 2024/25. D...
