investments | Egypt Oil & Gas - Part 30
Egypt Produces 1.8 mmboe/d in February
Egypt has achieved highest production of crude oil and natural gas in its history during February 2019, producing 1.8 million barrels of oil equivalent per day (mmboe/d), said Tarek El Molla, Minister of Petroleum, Eg...
Egypt, Australia Discuss Petroleum Cooperation
Minister of Petroleum, Tarek El Molla, met with the Australian Ambassador to Egypt, Glenn Miles, to discuss new cooperation scopes between the two countries, especially in the field of mining, Egypt Oil & Gas repo...
Egypt to Be a Must-Have Petroleum Investment Destination
Petroleum Intelligence Weekly announced Egypt to be a must-have petroleum investment destination for international oil companies (IOCs) due to the Zohr giant gas discovery made by Eni in 2015, which put Egypt back on ...
Dana Gas to Drill Egyptian Mega Gas Project
Dana Gas Company plans to starts drilling in 2019 an area with the potential of being Egypt’s next mega natural gas field in the Mediterranean Sea. Seismic data collected in the area revealed natural gas reserve...
Abu Qir Petroleum Allocates $190 M Investments in FY 2019/20 Budget
Abu Qir Petroleum Company allocated $190 million investments in its budget for fiscal year (FY) 2019/20, said Mohamed Abdel Sallam, Chairman and Managing Director of the company, Egypt Oil & Gas reports. The compa... Khalda Petroleum Allocates $747 M Investments for 2019/20
Khalda Petroleum Company has allocated $747 million of investments in the budget for fiscal year (FY) 2019/20, said the company’s General Manager, Khaled Mowafy, Egypt Oil & Gas reports. The company plans to...
Qarun Petroleum to Invest $238 M in 2019/20
Qarun Petroleum Company plans to invest $238 million during fiscal year (FY) 2019/20, increasing by 30% compared to last year, said the company’s chairman, Ashraf Abdel Gawad, Egypt Oil & Gas reports. The co...
Petrobel Allocates $1.2 B for Zohr Development
Belayim Petroleum Company (Petrobel) has committed $1.2 billion of its annual budget for the development of Zohr, said company chairman Atef Hassan, Egypt Oil & Gas reports. The company has an ambitious plan to pr...
