investments | Egypt Oil & Gas - Part 24

Misr Petroleum to Export New Oil Products Shipment to Rwanda

Misr Petroleum will export a third shipment of high-quality motor and industrial petroleum to Rwanda, stated Hussien Fathy the Chairman of Misr Petroleum.

El Molla: Oil Prices to Reach $40-50 Per Barrel

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.

Baker Hughes to Decrease Operational Costs in Egypt

Tameer Nasser Director and General Manager at Baker Hughes stated that the company plans to decrease its operational costs in Egypt in line with the government’s plan to attract new investments.

Khalda Petroleum Puts NU-10 Well to Production

Khalda Petroleum Company has streamlined well NU-10 with an average oil production of 1,350 barrels per day (bbl/d).

Natural Gas Delivery Reaches 458,000 Housing Units 

Natural gas was delivered to 458,000 housing units, concluding 40% of the total number of customers during the year all over Egypt, according to Wael Gowayed, Chairman of Egypt Gas Company.

Energy Sector Completes 156 Projects in H1 2019/2020

The Ministry of Planning and Economic Development (MPED) has published a report of the H1 2019/20 outcomes of the Ministries of Electricity and Petroleum and Mineral Resources, indicating that the energy sector ha ...

El Molla Highlights Egypt’s Petroleum Industry in Ministerial Panel

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has showcased the situation of the petroleum and natural gas industry in Egypt during his participation in the ministerial panel that took place in ...

Madbouly Supports Chilean Investments in Egypt

Prime Minister Moustafa Madbouly expressed the government full support to the Chilean investments in Egypt, represented in ENAP Petroleum Company.

Saudi Aramco Signs 66 MoUs during iKTVA

Saudi Aramco has managed to sign 66 memoranda of understanding (MoUs) with several international companies valued at more than $21 billion during Aramco’s in-Kingdom Total Value Add (iKTVA) Program.

Agiba, Pharaonic Petroleum to Boost Investments for FY 2020/21

Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) both announced to boost their investments during Fiscal Year (FY) 2020/21.

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