IOCs | Egypt Oil & Gas - Part 3

Al Manar Group Increases Production with 40%

Al Manar Group aims to to increase its annual growth rate with 35% to 40% by the end of Q4 of 2019.

Petroleum Sector Blood Donation Campaign Sees Huge Turnout

The Egyptian petroleum sector’s first nationwide blood donation campaign has witnessed remarkable participation, with 4,426 donors lining up in 78 company premises and 13 fields across nine governorates.

Enap Sipetrol to Execute an Organizational Restructure

Enap Sipetrol executed a top management restructure in Egypt branch in order to strengthen and grow its operation and investment in Egypt.

East Delta Reaps EGP 500 MM for 18 Power Stations

East Delta Electricity Production Company (EDEPCO) has allocated EGP 500 million for the maintenance work of 18 gas power stations during fiscal year (FY) 2019/2020.

Ministry of Petroleum to Implement 11 New Projects

The total investments of these projects will reach $15 billion by H2 of 2022.

El Molla Launches Petroleum Sector Blood Donation Campaign

The Minister of Petroleum and Mineral Resources, H.E Eng. Tarek El Molla, launched today the Egyptian petroleum sector’s first nationwide blood donation campaign.

Egypt Cuts IOCs Arrears by 80% in 6 Years

Minister of Petroleum and Mineral Resources Tarek El-Molla revealed that Egypt has successfully decreased foreign partners' arrears by more than 80% between 2012 and 2018.

Total Among Firms to Renew Licenses in Libya

Total and other international oil companies (IOCs) plan to renew their business licenses to continue their operations in Libya.

El Sisi Discusses Cooperation with Noble Energy

President Abdel-Fattah El-Sisi met with the CEO Noble Energy, David Stover, to discuss the firm’s exploration activities in the Egyptian oil and gas sector.

Egypt to Be a Must-Have Petroleum Investment Destination

Petroleum Intelligence Weekly announced Egypt to be a must-have petroleum investment destination for IOCs due to the Zohr giant gas discovery made by Eni in 2015.

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