investments | Egypt Oil & Gas - Part 21
China’s Sinopec to Spend $4.6 b on Hydrogen Energy by 2025
China’s Sinopec company announced that it intends to spend $4.6 billion on hydrogen energy by 2025, Reuters reported. The company said that it plans to become the largest one to produce hydrogen to be used as transpor...
Iran Completes Construction of Jask Terminal’s Offshore Oil Pipeline
Senior official of Pars Oil and Gas Company (POGC), Vahid Maleki, announced the completion of the construction of the Jask crude oil export terminal’s offshore oil pipeline, Tehran Times reported. This terminal is the...
Egypt Develops National Petrochemical Plan through 2040
Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt has completely developed a national petrochemicals plan until 2040 that will have a positive impact in maximizing the added value of natur...
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 (mmb...
Sisi Discusses Cooperation Opportunities with Apache CEO
President Abdel Fattah El Sisi met with the CEO of Apache Corporation, John J. Christmann, the company announced in a press release. During the meeting, the two sides discussed the business relations between Apache a...
Enap Sipetrol Eyes Portfolio Expansion in Egypt
Minister of Petroleum Eng. Tarek El-Molla met with H.E. Ambassador of Chile in Egypt – Mr. Pablo Arriaran and CEO of ENAP Sipetrol and new General Manager of Egypt branch –Ms. Denisse Abudinén Butto. Attended the mee...
GPC’s Investments record $30 mm in Q4 of FY2020/21
The General Petroleum Company (GPC) total investments have amounted to $30 million in the Q4 of FY 2020/21 (April-June 2021), according to Al-Mal. The company drilled 14 wells during that period; including 11 develop...
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 during the same period of FY 2019/20, a...
