El Molla Discusses Deepening Cooperation With US Ambassador to Egypt
Minister of Petroleum and Mineral Resources Tarek El Molla has met with Herro Mustafa Garg, US Ambassador to Egypt, who recently assumed her duties.
Oil | Egypt Oil & Gas - Part 3
Egypt, Slovakia Explore Investment Opportunities, Bilateral Energy Cooperation
Minister of Petroleum and Mineral Resources Tarek El Molla has held talks with Lenka Miháliková, Ambassador of the Slovak Republic in Cairo, to discuss investment opportunities and bilateral cooperation in oil, ga ...
UOG Average Production in Egypt Reaches 1,024 boe/d in 2023
United Oil & Gas Plc (UOG) working interest production in Egypt averaged 1024 barrels of oil equivalent per day (boe/d). This was divided into 946 barrels of oil per day (b/d) and 78 boe/d gas, for the year to 5 N ...
Egypt’s Petroleum Imports Dropped by $138.1M in 2022/23
Egypt's petroleum imports decreased by $138.1 million, during fiscal year 2022/23, according to the Central Bank of Egypt's (CBE) Balance of Payment. This comes as a result of a decrease in crude oil imports by $1 ...
Equinor Starts Oil Production from Statfjord Øst
Equinor announced that commence of production from its Statfjord Øst project which is expected to increase production from this field by 26 million barrels of oil equivalent (mmboe).
Oil Prices Within Range of $75/bbl Balance Interests of Producers, Consumers: El Molla
In an interview with CNBC Arabia on the sidelines of the international symposium of OPEC in Vienna, Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that oil prices within the range of $75 per ...
Saudi to Implement Huge Oil Cuts in July as OPEC+ Extends Deal into 2024
Saudi Arabia announced that it will implement deep oil production cut in July on top of a boarder OPEC+ deal to limit supply into 2024, Reuters added.
OPEC Secretary General: Underinvestment Could Cause Market Volatility
Underinvestment in the oil and gas sector could cause long-term market volatility, stated Haitham Al Ghais, OPEC Secretary General, in a report from Reuters.
Iran, Iraq Oil Ink Energy Cooperation MoU
Iran, Iraq signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects.
US Weekly Oil, Gas Rig Count Up 43 Rigs Compared to Last Year Despite Deep Decline: Baker Hughes
Despite the deepest weekly decline in US energy firms' oil and natural gas rig count since February, Baker Hughes pointed out that the total count was still up 43 rigs, 6% more compared to the same period last yea ...
