Oil Ministry | Egypt Oil & Gas - Part 2
Oil Minister Makes Transfer in Sector
Minister of Petroleum and Mineral Resources, Tarek El Molla, has made the following transfer and promotion in the sector, according to a Ministry’s press release. Engineer Mohamed Abdel Hafiz, formerly the Presi...
Egypt to Settle $400m Dues to Shell, BG
Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase...
Egypt’s Average Gas Production Sees Declines
Egypt’s Oil Ministry has published a report stating that country’s average production of natural gas declined to 3.8bcf/d in 2016, down from 4.4bcf/d in 2015, reported Daily News Egypt. The report further disclo... Oil Ministry Eyes Foreign Investment Rise by $1b
Egypt’s petroleum ministry is eyeing larger foreign investments in drilling and exploration projects to amount to $8.5b by the end of fiscal year 2015-16, up by $1b, Amwal Al Ghad reported. The Egyptian General ...
Egypt to Take Part in Oil and Gas Projects with Iraq
The Ministry of Petroleum seeks to expand its foreign activities through oil and gas production in Iraq, Al Borsa reported. Egyptian public sector companies such as Petrojet and ENPPI will complete work in the country...
Saudi Reforms of Oil Sector to Make Aramco More Independent
Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transpa...
Egypt Revises Debt Payment Plan for Oil Companies
Egypt aims to fully repay its . 1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry. “All current operational payments have b...
Iraq: February Witnessed Rise in Oil Exports
Iraq’s oil exports rose in February to an average 2.597 million b/d from 2.535 million b/d in the previous month, the oil ministry said in a statement. Exports from Iraq’s southern terminals reached 2.293 ... 
