IOCs | Egypt Oil & Gas - Part 2

El Molla: Cooperation Essential to Secure Energy’s Future

Cooperation between countries is a must to overcome the Covid-19 pandemic and its repercussions on the energy future to secure energy needs, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated duri ...

El Molla Highlights O&G Achievements During BEBA Webinar

The Minister of Petroleum and Mineral Resources, Tarek El Molla, shared the petroleum sector’s achievements  and challenges in the past period stating that “the oil and gas sector has been moving forward with all ...

El Molla: EUG to Transform Egypt’s E&P Investments  

The Minister of Petroleum and Mineral Resources, Tarek El Molla, referred to the Egypt Upstream Gateway (EUG) and how it will reflect positively on the exploration and production (E&P) investments in Egypt.

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.

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).

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