Ministry of Petroleum and Mineral Resources | Egypt Oil & Gas - Part 6

Schlumberger to Pump More Investments in Egypt

Schlumberger plans to increase its investments in Egypt in the upcoming period, according to Karim Badawi, Managing Director - Egypt and East Mediterranean at Schlumberger.

IOCs to Increase Mining Investments in Egypt

Tarek El Molla, Minister of Petroleum and Mineral Resources met Jeremy Cozier, Principal Verve International President, and Brian Rudd, Executive Director at Capital Drilling, to discuss the investment opportuniti ...

Ganope Discovers Three Oil Wells in FY 2018/19

Ganoub El Wadi Petroleum Holding Company (Ganope) achieved three new oil discoveries at its oil fields, two of which were brought online at oil fields of Eish AL Mallaha and Petro Mallaha during the Fiscal Year (F ...

Copetrole Gains EGP 50 Billion in FY 2018/19

The Co-operation petroleum Company (Copetrole) gained revenues reaching EGP 50 billion and sold large amounts, reaching 6,7 million tons of gasoline and diesel out of total sales that reached 7,5 million tons duri ...

Butane Local Consumption Rate Decreases 5%: El Molla

The ministry said that the use of natural gas expanded locally in homes and retail stores after the new pricing indexation mechanism, which contributed to the relatively low consumption rates of butane, reaching 5 ...

Ministry of Petroleum Announces 10 New Exploration Wells in Western Desert

The Ministry of Petroleum and Mineral Resources announced 10 new exploration wells in the Western Desert in the East Bahareya Extended Area 3, with an average daily production of 5,000 barrels of oil equivalent pe ...

Zohr Total Investments Reach $10.6 B

Zohr field’s total investments reached $10.6 billion, of which $3 billion were injected in fiscal year (FY) 2018/2019 after the field reached a production level of 2.7 billion cubic feet per day (bcf/d).

House to Pass Mineral Wealth Law Amendments Soon

Amendments to the mineral wealth law are expected to be passed by the House of Representatives during its current session.

Egypt to Partially Pay Oil Arrears

Egyptian Ministry of Petroleum will repay part of its arrears to IOCs in May.

Egypt Reviewed Fuel Subsidy Budget Allocations

The Egyptian Ministry of Petroleum and Mineral Resources is reviewing fuel subsidy allocations for fiscal year 2016/2017 to decide on the amount it will be requested to increase the budget allocation.

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