investments | Egypt Oil & Gas - Part 26

Khalda Petroleum Puts NU-10 Well to Production

Khalda Petroleum Company has streamlined NU-10 well with an average oil production of 1,350 barrels per day (bbl/d), a source told Egypt Oil & Gas. The well, located near Om Baraka in Western Desert, has an invest...

Natural Gas Delivery Reaches 458,000 Housing Units 

Natural gas was delivered to 458,000 housing units, reaching 40% of the total number of customers across Egypt during the year, according to Wael Gowayed, Chairman of Egypt Gas Company, Al Ahram reported.  The 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 has co...

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 US, ...

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 during his meeting with the Head of Chilean Parliament, Ivan Flores, an...

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, according to a pre...

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, according to a press release. Agiba is pumping $577 million of investments duri...

Khalda’s Investments to Reach $792 MM in FY 2020/21

Khalda Petroleum Company’s – a joint venture (JV) between Egyptian General Petroleum Corporation (EGPC) and Apache -investments are expected to reach $792 million during Fiscal Year (FY) 2020/21, according...

Dragon Oil to Boost Investments in Egypt by $650 MM

Dragon Oil is planning to increase its investments in Egypt through acquiring some operating assets in the Western Desert in the next five years, according to Hapi Journal   report citing Tayeb Huwair, COO (Non-Operat...

Cabinet Approves El Molla New Restructuring Plan

A new restructuring plan for the petroleum sector was approved by Prime Minister Moustafa Madbouly, according to a statement. During a cabinet meeting, Tarek El Molla, Minister of Petroleum and Mineral Resources, outl...

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