Ministry of Petroleum to Implement 11 New Projects
The total investments of these projects will reach $15 billion by H2 of 2022.
IOCs | Egypt Oil & Gas - Part 4
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.
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.
Egypt Signs 12 Agreements with IOCs in 2018: El Molla
Egypt signed over 12 E&P agreements with IOCs during 2018, Minister of Petroleum Tarek El Molla said,
IOC E&P Investments to Reach $11B during FY 2018/19
International oil companies (IOCs) aim to increase exploration and production (E&P) investments to reach $11 billion by the end of fiscal year (FY) 2018/19, compared to $10 billion in FY 2017/18.
Petroleum Sector to Repay $1B to IOCs Each Year
The Egyptian oil and gas sector plans to repay $1 billion each year to international oil companies (IOCs) that work in Egyptian concession areas.
