H.E. Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, asserted the importance of developing brownfields, referring to several revival strategies that were used in Egypt. The minister remarks came during Egypt Oil & Gas (EOG) Committee’s virtual roundtable titled ‘Increasing Investments in Egypt’s Brownfields Opportunities’ on Sunday, October 18.

The Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee have sent the second batch of medical equipment today, Thursday 17, to support the medical community amid the coronavirus (COVID-19) outbreak.

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.

Kuwait Energy Egypt has recently sponsored two-day medical convoys at the Ras Gharib Hospital as part of the company’s Corporate Social Responsibility (CSR) initiatives.

Egypt signed four cooperation agreements with a number of international oil companies (IOCs), including Apache, BP, ENI and Kuwait Energy to train young and middle management calibers.

The $650-million transaction was originally signed last September and completed in late March 2019.

China’s United Energy Group is planning to launch new investments in Egypt, which will increase oil and gas production.

Egypt's oil minister, Tarek El Molla, has signed a $10 million exploration and production (E&P) agreement covering the Western Desert's Abu Sennan concession.

Independent oil and gas company Kuwait Oil is considering selling all or part of its Block 9 asset in southern Iraq, and has hired investment bank Perella Weinberg Partners (PWP) to advise on the matter.

Kuwait Energy Company announced an oil discovery in the Area A concession, located in Egypt's Eastern Desert.