Ministry of Petroleum | Egypt Oil & Gas - Part 9

Egypt to Hedge Oil Prices in FY 2019/20

Egypt plans to apply an oil hedging mechanism in fiscal year (FY) 2019/20 that starts in July after its efforts to lock-in oil prices in the FY 2018/19, according to Finance Minister Mohamed Maait, Bloomberg reported....

Egypt Adds 3.9 MM Households to Natural Gas Grid in 5 Years

The Ministry of Petroleum and Mineral Resources has announced linking around 3.9 million households, 7,801 commercial units, and 266 factories to the national natural gas grid during the past five years, Ahram Gate re...

El Sisi Follows Up on Gas Exploration Activities

President Abdel Fattah El Sisi held a meeting on June 23 to follow up on the petroleum sector projects, especially natural gas and crude oil exploration and production (E&P), Al Ahram reported. El Sisi directed th...

Enppi Wins Saudi Contract Worth $500MM

Enppi has won a major international bid for the implementation of a new petrochemical project in Saudi Arabia with more than $500 million, the Ministry of Petroleum said in a statement, Egypt Oil & Gas reports. En...

Ministry of Petroleum to Implement 11 New Projects

The Ministry of Petroleum and Mineral Resources aims to implement 11 new projects for the development of new natural gas fields, Egypt Oil & Gas reported. The total investments of these projects will reach $15 bil...

MIDOR Production to Reach 8 MM Tons Annually

The production of the Middle East Oil Refinery (MIDOR) plant will exceed 7 million tons annually by the end of the expansion works, Amwal El-Ghad reported The refining capacity will increase by about 60% once the expa...

El Molla Launches Petroleum Sector Blood Donation Campaign

Under the patronage of the Minister of Petroleum and Mineral Resources, H.E Eng. Tarek El Molla, the Egyptian petroleum sector’s first blood donation campaign was launched today, Egypt Oil & Gas reports. The minis...

Natural Gas Grid Expansion Exceeds Target

Egypt has achieved a remarkable rate of connecting residential units to the natural gas grid, by adding about 1.76 million units since July 2018, according to a statement by the Ministry of Petroleum. The number of un...

Egypt To Achieve Fuel Self-Sufficiency in 4 Years

The Ministry of Petroleum and Mineral Resources aims to achieve self-sufficiency of fuel and petroleum products, in conjunction with the completion of new expansions of Egyptian refineries by fiscal year (FY) 2023/202...

Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla

The Minister of Petroleum, Tarek El Molla said that the ministry’s economic reforms have successfully contributed to increasing Egypt’s foreign exchange reserves to $44 billion, Egypt Oil & Gas reports...

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