General Assembly | Egypt Oil & Gas - Part 2

Pharaonic Petroleum’s Natural Gas Production Reaches 400 mcf/d in H1 2023/24

The company’s Chairman Hossam Zaki indicated its success in achieving daily production rates during the first half of the fiscal year 2023/24, estimated at approximately 400 million cubic feet (mcf/d) of gas per d ...

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 fisca ...

Petrobel Targets Investments Worth $614M During FY 2024/25

Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy has stated that his company targets investments of $614 million during the fiscal year (FY) 2024/25.

Petroshrouk Ramps Up Zohr Gas Field with $535M Investment Plan

Petroshrouk Chairman Khaled Mowafy has announced that work is underway on the plan drawn up during the current fiscal year (FY) 2023/24 to implement development operations for the Zohr natural gas field.

Sidpec Achieves 105% of Production Plan in 2023

Minister of Petroleum and Mineral Resources Tarek El Molla has chaired the general assembly meeting of the Sidi Kerir Petrochemicals Company (Sidpec) to approve the results of its work for the year 2023.

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 We ...

Ganope Announces Q1 2024 Exploratory Drilling Program with $150M Budget

The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope), Ashraf Bahaa stated that company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that on the ...

El Molla Chairs ECHEM General Assembly to Approve Annual Budget

Minister of Petroleum and Mineral Resources, Tarek El Molla, confirmed that the coming period will witness the implementation of a number of petrochemical projects that achieve added value and sustainable developm ...

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) 2024/2 ...

El Molla: GPC’s Growth Reflects Clear Vision and Investment Boost

During the general assembly of the General Petroleum Company (GPC), Minister of Petroleum and Mineral Resources Tarek El Molla has explained GPC’s recent progress in production came as a result of a clear business ...

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