General Assembly | Egypt Oil & Gas - Part 22
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...
PMS Implements 87 Projects Worth $171 MM
Petroleum Marine Services company (PMS) announced that it has implemented 87 projects in 2020 estimated at $171 million at the highest quality and right on schedule, despite challenges caused by COVID19 pandemic, acco...
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...
GPC Crude Oil Production Exceeds 64,500 bbl/d for the First Time
General Petroleum Company (GPC) has succeeded in achieving a new record for its crude oil production, which exceeded 64,500 barrels per day (bbl/d) for the first time despite the challenges of coronavirus, a press rel...
Petro Amir, Petro Safwa Report Startling Results
Petro Amir Petroleum Company has announced that it has achieved 102% of the set plan targeting to increase the production by drilling developmental well (Gyad 7) with investments $2 million in addition to another expl...
BAPETCO Produces 114,000 bbloe/d During FY 2019/20
The Chairman of Badr El Din Petroleum company (BAPETCO), Salah Abdel Karim said that the production rates of his company during the fiscal year (FY) 2019/2020 reached 114,000 barrels of oil equivalent per day (bbloe/...
Egyptian Electricity Holding Targets EGP 32.4 Billion Investments in 2020/21
The chairman of Egyptian Electricity Holding Company, Gaber Desouki, announced that his company is targeting implementing EGP 32.4 billion investment projects during the fiscal year (FY) of 2020/2021, according to a p...
El Molla Urges Merger of Aqua Paris, El Wadi El Gadid for Containers
Minister of Petroleum and Mineral Resources, Tarek El Molla stressed the importance for the Aqua Paris and El Wadi El Gadid for Containers companies to improve their efficiency and the necessity of cutting production...
