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.
investments | Egypt Oil & Gas - Part 20
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 ...
EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement
Pharos Energy and the Egyptian General Petroleum Corporation (EGPC) have agreed to amend the terms of El Fayoum Concession in the Western Desert, which will raise Pharos's cost recovery petroleum percentage from 3 ...
Sidpec Starts Phase 2 of SER Project
Sidi Kerir Petrochemicals Company (Sidpec) started Phase 2 of its Strategic Energy Review (SER) Project with KBC, a Yokogawa Company, on March 14, 2021.
Mubadala, Snam Sign MoU to Boost Hydrogen Development in UAE
Mubadala investment Company (Mubadala) announced that it has signed a memorandum of understanding (MoU) with Snam Company, one of the world's leading energy infrastructure operators, to jointly invest and develop ...
