The Moroccan Minister of Energy, Mines and Sustainable Development, Abdelaziz Rebbah, has announced that the recently discovered natural gas in Tendrara is anticipated to cover up to 30% of Morocco’s natural gas needs.

Abu Dhabi’s Supreme Petroleum Council (SPC) approved the launch of a new pricing mechanism for the Abu Dhabi National Oil Company's (ADNOC) onshore crude oil and Murban. Furthermore, it announced an increase in oil and natural gas reserves, as well as new discoveries in Abu Dhabi.

Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where Petrobel, equally held by Eni and the Egyptian General Petroleum Corporation (EGPC), drilled an appraisal well of the discovery of Sidri South last July.

Eni announced that production from South West Meleiha development lease has started. In addition, two near oil fields have been discovered in the Meleiha development lease in Western Desert.

EGAS has finalized seismic studies and scans, and is waiting for the Ministry of Petroleum’s approval to set a date for the bid rounds.

Saudi Aramco will carry out feasibility studies to determine the exploration possibilities in this area during the upcoming two years.

The Egyptian Ministry of Petroleum and Mineral Resources succeeded in signing a total of 83 E&P agreements between November 2013 and December 2017. The agreements were sealed with IOCs with minimum investments around $15.5 billion.

The Egyptian Natural Gas Holding Company (EGAS) made four new discoveries in the Mediterranean Sea and Nile Delta during fiscal year (FY) 2016/2017