investments | Egypt Oil & Gas - Part 24

Aton Closes First Tranch of Private Placement at $160,000 

Aton Resources has closed the first tranche of $160,000 from its previously announced non-brokered private placement by Mining and Manufacturing Company (MEDAF).

El Molla: EUG to Transform Egypt’s E&P Investments  

The Minister of Petroleum and Mineral Resources, Tarek El Molla, referred to the Egypt Upstream Gateway (EUG) and how it will reflect positively on the exploration and production (E&P) investments in Egypt.

Aton to Drill Abu Gaharish Concession in 2021

Aton Resources has announced that drilling for Abu Gaharish concession by January 2021.

Naftogaz’s Investments Surpass $535 MM in Egypt

Naftogaz of Ukraine’s investments in Egypt have amounted to over $535 million over the course of 14 years, Director of Naftogaz in Egypt, Fedir Baiuk, stated.

The Cabinet Approves EMGF Charter

The Cabinet approved President Abdel Fattah Al-Sisi’s draft on the East Mediterranean Gas Forum (EMGF) Charter.

El Molla Highlights Egypt’s E&P Agreements in CERAWeek

Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighted securing 12 exploration and production (E&P) agreements with working international oil companies (IOCs) in Egypt and newly-enrolled companie ...

GPC Allocates EGP150 Million for “North West” Pipeline Project

General petroleum Company (GPC) stated that it allocated  EGP150 million for implementing 8-inches pipeline project to exploit the produced gases from “North West” field in the Eastern desert.

Egypt’s Natural Gas Production Capacity Reaches 7.2 bcf/d 

Egypt's natural gas production capacity reached 7.2 billion cubic feet per day (bcf/d) as a result of the efforts to confront the natural decline of wells during the past five years, the CEO of the Egyptian Natura ...

Qarun Petroleum Pumps Investments Worth $190 MM in 2019/20

The Chairman of Qarun Petroleum Company, Ashraf Abdel Gawad, said that his company has pumped investments during the fiscal year (FY) of 2019/20 worth $190 million.

Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years

The Prime Minster, Mostafa Madbouly announced that the investments of petroleum sector reached to EGP1.16 trillion during the past six years.

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