Ministry of Petroleum | Egypt Oil & Gas - Part 10

Egypt to Amend Oil Hedging Mechanism

The Ministry of Petroleum and Mineral Resources along with the Ministry of Finance are adjusting the hedging mechanism for fiscal year (FY) 2019/2020 amid oil price fluctuations, Al Borsa reported. Oil prices fell bel...

Eni, BP to Export Gas Through Idku Liquefication Plant

The Ministry of Petroleum has allowed Eni and BP to export natural gas from their respective shares in the Zohr and North Alexandria fields through the Idku liquefaction plant after meeting the local market needs and ...

Egypt to Link 1.2 M Households to Natural Gas Grid Annually

Egypt plans to link natural gas to 1.2 million households during 2019 across areas that have not received natural gas before, El Ahram reports. The Ministry of Petroleum and Mineral Resources confirmed the continuous ...

Ministry of Petroleum Upgrades Fuel Transportation and Storage Infrastructure

The Ministry of Petroleum and Mineral Resources is developing new infrastructure expansions to transport and store fuel, upgrading efficiency and adding new energies, Egypt Oil and Gas reports. According to the Minist...

Ministry of Petroleum Issues New Promotions and Transferals

The Egyptian Ministry of Petroleum issued new promotions and transferals of company Heads with the aim to exchange expertise and support production sites of human talents and efficiencies, Ahram Gate reported. Hesham ...

BP Seeks Approval to Sell GUPCO’s Stake

BP submitted a request for the Ministry of Petroleum to receive its approval to sell the company’s stake in the Gulf of Suez Petroleum Company (GUPCO) to Dragon Oil Company, petroleum sources told Al Borsa Newsp...

Petroleum, Electricity Ministries Agree on Gas Price for Power Plants

The Ministry of Petroleum agreed along with the Ministry of Electricity to sell natural gas to power plants for $3 per 1 million thermal units (mtu) in the budget plan of fiscal year (FY) 2019/20, sources at the minis...

Ministry of Petroleum Issues New Promotions

The Egyptian Ministry of Petroleum issued new promotions and transferals to let employees exchange expertise and support production, Al Ahram Gate reported. Ahmed Hassan Abu El Ainein was appointed Assistant of the Eg...

Latest Achievements in Oil, Gas Sector

The Egyptian oil and gas sector has followed an integrated reform strategy throughout the past four years, which paved the way for many unprecedented milestones, the Ministry of Petroleum said in a report cited by Al ...

Weatherford Inaugurates New Kattameya Facility

Weatherford has inaugurated its new facility and office space in Cairo in a ceremony that took place today and gathered the company’s top management and industry leaders, Egypt Oil & Gas reports. The new facility ...

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