Qarun Petroleum to Invest $238 M in 2019/20
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).
investments | Egypt Oil & Gas - Part 29
Petrobel Allocates $1.2 B for Zohr Development
The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
Egypt Invests $9 B in Refining Projects
Egypt is carrying out six refining mega projects with $9 billion investments as a part of the oil and gas sector's Modernization Project.
Egypt Signs 51 Agreements Worth $27.2 B Petroleum Investments: El Molla
The new agreements will boost production capacities, expand E&P operations and contribute to social development in the areas of exploration.
Petrogulf Corporation to Invest $50 M in FY 2018/19
Petrogulf Corporation plans to invest $50 million in fiscal year (FY) 2018/19, as the company is conducting a program that includes a number of projects to boost infrastructure efficiency and to rehabilitate, rene ...
Agiba Petroleum Produces 45,000 b/d of Crude Oil
The company plans to invest $320 million in fiscal year (FY) 2018/19.
SUCO Produces 23,500 boe/d
Suez Oil Company (SUCO) is implementing an ambitious program to boost production of the four fields; Desouq, Ras Badran, El Zeit Guf, and Ras Fanar to reach around 38,000 boe/d.
Pharaonic Petroleum Company Produces 105,000 boe/d in Six Months
Pharaonic Petroleum Company successfully produced 105,000 barrels of oil equivalent per day (boe/d) from Atoll and Ras El Bar fields during the first half of fiscal year (FY) 2018/19.
GUPCO to Invest $503M in FY 2019/20
The investments will be directed to several projects during fiscal year (FY) 2019/20, most importantly two exploration projects in cooperation with the Egyptian General Petroleum Corporation (EGPC) and WesternGeco ...
Eni Invests $13B in Egypt over 3 Years
The Egyptian government appreciates the cooperation with Eni, which had the greater effect in developing Egypt's natural gas resources.
