Norway Receives Large Number of Applications for Next Bid
The Norwegian Ministry of Petroleum and Energy has received a large number of applications from 33 oil companies in the licensing round Awards in Predefined Areas (APA) 2020.
IOCs | Egypt Oil & Gas - Part 2
Petroleum Sector Receives Investments of EGP 60.6 B in FY 2020/21
The Minister of Planning and Economic Development, Hala Al Saeed said that they will invest EGP 60.6 billion in updating the petroleum and mineral resources sector during the fiscal year 2021/2020 representing 8.2 ...
Madbouli Reviews Strategic Petroleum Reserves, Ongoing Projects
The Prime Minister, Mostafa Madbouly, reviewed with the Minister of Petroleum and Mineral Resources, Tarek El Molla,a number of the ministry's files including strategic petroleum reserves and the ongoing projec ...
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
El Molla: New 12 Petroleum Agreements Worth $1 B
The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature ...
El Molla: IOCs’ Arrears Decline to $200 MM
he Minister of the Petroleum and Mineral Resources, Tarek El Molla, announced that arrears of the international oil companies (IOCs), decreased to $200 million in comparison of $900 million of June 2019.
SDX Energy’s Natural Gas Reserves from South Disouq Reach 86 bcf
SDX Energy said that its proved and probable natural gas reserves at Egypt’s South Disouq operated concession have increased by 35%, reaching 86 billion cubic feet (bcf).
El Molla, Lind Discuss Cooperation Ways in Oil, Gas
The Minister of Petroleum and Mineral Resources, Tarek El Molla, met the Norwegian Ambassador to Egypt, Lene Natasha Lind, to discuss possible cooperation ways in the oil and gas sector.
Algeria’s Oil, Gas Exports Fall by 12.52%
Exports reached $25.28 billion in October 2019, down from $28.89 in 2018.
Algeria Approves New Energy Law
Algeria's house of parliament passed a new energy law to make its oil and gas investment more attractive to international oil companies (IOCs).
