Zohr Total Investments Reach $10.6 B

• Wednesday, 28th August 2019
• by Mai El Ghandour

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 bcf/d, Egypt Oil & Gas reports. Atef Hassan, ...

House to Pass Mineral Wealth Law Amendments Soon

• Monday, 10th June 2019
• by Editorial Team

Amendments to the mineral wealth law are expected to be passed by the House of Representatives during its current session, Alshorouk reported, citing a source in the Mineral Resources Authority. The new amendments aim...

Egypt to Partially Pay Oil Arrears

• Sunday, 9th April 2017
• by Sarah Samir

Sources at the Ministry of Petroleum and Mineral Resources stated to Daily News Egypt that the ministry plans to repay part of its arrears for international oil companies (IOCs) in May after receiving the third tranch...

Egypt Reviewed Fuel Subsidy Budget Allocations

• Wednesday, 4th January 2017
• by Sarah Samir

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 required from the Ministry of Finance and the Egyptian Parlia...