investments | Egypt Oil & Gas - Part 25
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) has allocated EGP150 million for implementing 8-inches pipeline project to exploit gases produced from “North West” field in the Eastern desert, General Trade Union for Petroleum Worke...
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 Natu...
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, according to a press release. He elaborated that the...
Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years
The Prime Minster, Mostafa Madbouly announced that investments in petroleum sector reached EGP 1.16 trillion in the past six years, according to the official Facebook Page of ministry of Petroleum and Mineral Resource...
TAQA Arabia to Allocate 240 MM towards Building Natural Gas Stations
TAQA Arabia is planning to pump EGP 240 million of investments in 2020 towards building 14 natural gas fuel stations compatible with all vehicles, which will increase the company’s number of natural gas stations to 21...
Misr Petroleum to Export New Oil Products Shipment to Rwanda
Misr Petroleum will export a third shipment of high-quality motor and industrial oil to Rwanda, stated Hussien Fathy the Chairman of Misr Petroleum, according to Al-Mal. This step aligns with the Minister of Petroleum...
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla told CNBC Arabia that the prices of oil per barrel during the current year could reach between $40-50. El Molla added that these prices will save a portion of...
