Dana Gas and IPR Wastani Petroleum Ltd have entered into a binding agreement for the sale of Dana Gas’s onshore Egyptian producing oil and gas assets valued at $236 million including contingent payments. 

To support the medical community amid the coronavirus (COVID-19) outbreak, the Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee has launched an initiative to give back to the community.

Egypt signs explorations deals with Cypriot and US companies in hopes of increasing domestic product to meet local demand on natural gas.

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed two agreements that grant Cyprus’ subsidiary Mediterra and US IPR oil and gas company exploration rights in Upper Egypt.