investments | Egypt Oil & Gas - Part 20

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 ...

PMS Implements 87 Projects Worth $171 MM

Petroleum Marine Services company (PMS) announced that it has implemented 87 projects worth $171 million at the highest quality and at their time line despite coronavirus pandemic during 2020.

Rosneft’s Komsomolsk Refinery Invests RUB 750 MM in Environmental Projects

Roseneft company announced that its Komsomolsk refinery invested more than RUB 750 million in environment- oriented assets during the period between 2018 to 2020.

MoP, Schlumberger Announce Launch of Egypt Upstream Gateway

The Ministry of Petroleum and Mineral Resources, in collaboration with Schlumberger, has launched Egypt Upstream Gateway (EUG), the first exploration and production (E&P) digital data center.

EGPC Approves El Hamra Budget with $81 MM in FY 2020/21

The CEO of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, approved the planning budget of El Hamra Oil Company with $81 million of investments for the fiscal year (FY) 2021/22 during the gen ...

Bapetco’s Investments Reach $298 MM in FY 2021/22

Badr El-Din Petroleum Company (Bapetco) announced that its investments reached $298 million with 100% success rate in drilling three exploration wells during H1 of FY 2021/22 as well as planning to drill two explo ...

Iraq Signs MoU with Total for Large Projects

The Iraqi Ministry of Oil has signed a memorandum of understanding (MoU) with Total company for cooperating in establishing promising large projects.

Energean Announces Final Investment Decision for Offshore Egypt Project

Energean announces the North El Amriya (NEA), and North Idkunea concession (NI) Final Investment Decision in offshore Egypt.

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