investments | Egypt Oil & Gas - Part 19

ADNOC Awards Three Contracts Worth $763.7 mm 

The Abu Dhabi National Oil Company (ADNOC) has invested $763.7 million in integrated rigless services across six of its artificial islands to support its production capacity expansion to 5 million barrels per day ...

Sisi Discusses Cooperation Opportunities with Apache CEO

CEO of Apache Corporation, John J. Christmann, met with Egyptian President, Abdel Fattah El Sisi, and discussed the business relations between Apache and Egypt as well as the company's work with the Egyptian Minis ...

Enap Sipetrol Eyes Portfolio Expansion in Egypt

ENAP Sipetrol plans to expand the company portfolio in Egypt due to the good results that the company has had in the country.

GPC’s Investments record $30 mm in Q4 of FY2020/21

The General Petroleum Company (GPC) total investments have amounted to $30 million in Q4 of the fiscal year (FY) 2020/21.

Egypt’s Oil Trade Balance Achieves Surplus of $174.9 mm

The Egyptian oil trade balance achieved surplus estimated at $174.9 million during the first nine months of the fiscal year (FY) 2020/21 compared to a deficit of $773.3 million.

Sinopec to Start Operation of Its First Hydrogen Project by 2022

The Chinees Sionpec company announced about its tendency to start operation of its hydrogen in the Inner Mongolia region by 2022.

Energean’s Production in Egypt Exceeds Four-Month Guidance 

Energean’s Production in Egypt has amounted to 31,700 barrels of oil equivalent per day (bbloe/d) in Q1 2021, exceeding its guidance ranging from 27,000-30,000 bbloe/d.

MoP, MOIC Convene Multi-Stakeholder Platform

Ministry of Petroleum and Mineral Resources (MoP) convened the joint coordination cooperation platform with the Ministry of International Cooperation (MOIC), under the title “Egypt as a Regional Energy Hub: Reform ...

GPC Succeeds to Get Initial Production of 600 bbls/d in Amer- 81 Field

With investments of about $ 1.5 million, the General Petroleum Company (GPC) succeeded in drilling one of the oldest fields in the Gulf of Suez at a depth of 2256 meters, it is the development well Amer-81. The we ...

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

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) to continue the fruitful cooperation between Egypt and E ...

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