Ministry of Petroleum and Mineral Resources | Egypt Oil & Gas - Part 7

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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