BP Seeks Approval to Sell GUPCO’s Stake
The Ministry of Petroleum will issue the approvals after Dragon Oil confirms its commitment to the new terms of agreement with BP in GUPCO's concessions.
Ministry of Petroleum | Egypt Oil & Gas - Part 10
Petroleum, Electricity Ministries Agree on Gas Price for Power Plants
The Ministry of Petroleum along with the Ministry of Electricity agreed to sell natural gas for $3 per 1 million thermal units (mtu) in the budget plan of fiscal year (FY) 2019/20.
Ministry of Petroleum Issues New Promotions
The Egyptian Ministry of Petroleum issued new promotions and transferals to let employees exchange expertise and support production.
Latest Achievements in Oil, Gas Sector
During the past few years, the ministry launched two mega projects to collect geological and physical data from the territorial waters of the Egyptian Red Sea and Upper Egypt with investments exceeding $750 millio ...
Weatherford Inaugurates New Kattameya Facility
Weatherford has inaugurated its new Kattameya facility and office space in Cairo in a ceremony that gathered the company’s top management and industry leaders.
Petroleum Ministry Denies June’s Fuel Price Hikes
Any price changes would only be announced in official statements from the Egyptian Cabinet, according to the Ministry of Petroleum’s Spokesman, Hamdy Abdel Aziz.
Egypt to Invest $1.5 B in 4 Petrochemical Projects
The Egyptian Ministry of Petroleum plans to allocate $1.5 billion over four years to expand the petrochemical industry through four new petrochemical projects.
Schlumberger Signs Three MoUs during ECE Inauguration
Schlumberger has officially inaugurated the Egypt Center of Efficiency (ECE) facility at the Polaris Industrial City in 6th of October. The event also witnessed the signing of three memoranda of understanding (MoU ...
EDC Hosts Ministry of Petroleum’s Annual Safety Day
The Ministry of Petroleum's Annual Safety Day 2018, held on December 6 at the Egyptian Drilling Company's (EDC) headquarters in Cairo, brought together oil and gas leaders to discuss safety culture, leadership, an ...
Egypt Sets $20B E&P FDI Target over Three Years
The Egyptian Ministry of Petroleum and Mineral Resources plans to attract $20 billion in foreign direct investment (FDI) for exploration and production (E&P) over the next three years.
