oil and gas | Egypt Oil & Gas - Part 5
EGPC Strikes Three New Exploration Agreements Across Egypt
The Egyptian General Petroleum Corporation (EGPC) has signed three new agreements with international companies to explore for oil and gas in the Western Desert, Gulf of Suez, and North Sinai regions. The first agreeme...
Iraq Strengthens Energy Ties with Oman, Turkmenistan
Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation. The State Oil Marketing Organization (SOMO) unveile...
El-Sisi Urges Intensifying Exploration Activities, Attracting investments in Oil and Gas
President Abdel Fattah El-Sisi directed the continued development of newly discovered wells and integrating them into the production map, while intensifying exploration and drilling activities, to enhance Egypt’s posi...
Cabinet Greenlights $252mn in Energy Agreements
The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation(EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These agree...
US Declares New Reciprocal Tariff Excluding Energy, Certain Minerals Goods
President Donald Trump announced the impose of several new tariffs to strengthen the international economic position of the US and protect American workers excluding the energy and certain mineral goods that are not a...
Egypt’s Extraction Activities Drop 9.2% in Q2 2024/25 with Strong Investments Promising to Boost Performance
Egypt’s extraction activities witnessed a 9.2% decline in growth as a result of the contraction in oil and natural gas activities during Q2 of the fiscal year (FY) 2024/25. This comes as oil activities declined by 7.5...
Electricity Consumption Drives Growth in Energy Demand During 2024
The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2% last year – lower than GDP growth of 3.2% but considerably faster than the average annual demand incre...
Romanian Investors Eye Egyptian Oil, Gas Sector
Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations. Ahmed El Sokkary, Ch...
