investments | Egypt Oil & Gas - Part 22
MoP, MOIC Convene Multi-Stakeholder Platform
Ministry of Petroleum and Mineral Resources (MoP) convened a multi-stakeholder platform with the Ministry of International Cooperation (MOIC), under the title “Egypt as a Regional Energy Hub: Reforms and Prospects in ...
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 well w...
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) and to continue its fruitful cooperation with the Egypti...
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...
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, according to a statement. The project aims to develop a site-wid...
Mubadala, Snam Sign MoU to Boost Hydrogen Development in UAE
Emirate’s Mubadala investment Company (Mubadala) announced that it has signed a memorandum of understanding (MoU) with Itali’s Snam Company, one of the world’s leading energy infrastructure operators...
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...
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, according to a press release. The company elaborated t...
