planning budget | Egypt Oil & Gas

Agiba Petroleum to Pump Investments Worth $500M During FY 2024/25

The Chairman of Agiba Petroleum Company Tharwat Gindy has stated that the company plans to pump $500 million during the fiscal year (FY) 2024/25 targeting daily production rates of 30,000 barrels of oil and 119 mi ...

Petrobel Targets Investments Worth $614M During FY 2024/25

Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy has stated that his company targets investments of $614 million during the fiscal year (FY) 2024/25.

Ganope Announces Q1 2024 Exploratory Drilling Program with $150M Budget

The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope), Ashraf Bahaa stated that company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that on the ...

ASORC, PPC Budget Allocates EGP 7 B in Investments for Improving Efficiency

Minister of Petroleum and Mineral Resources Tarek El Molla announced that the new budget for Assiut Oil Refining (ASORC) and Petroleum Pipelines Company (PPC) allocates EGP 7 Billion worth of investments to improv ...

Khalda, Qarun to Invest $1 b in Western Desert During 2021/22

Khalda Petroleum Company and Qarun Petroleum Company announced that they will pump around $1 billion investments in the Western Desert during the fiscal year (FY) 2021/2022, as Khalda targets to invest $830 millio ...

EGAS: Natural Gas Production to Reach 7.2 bcf/d

The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.

GUPCO to Invest $562 MM in FY 2020/21

The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement pro ...

Egyptian Electricity Holding Targets EGP 32.4 Billion Investments in 2020/21

The chairman of Egyptian Electricity Holding Company, Gaber Desouki, announced that his company is targeting implementing EGP 32.4 billion investment projects during the fiscal year (FY) of 2020/2021.

EGAS to Sign Seven Agreements Worth $690 MM in FY 2020/21

the Egyptian Natural Gas Holding Company (EGAS) targets to sign seven agreements with a cost of $690 million and a signature bonus estimated at $16 million, EGAS Chairman Osama El Bakly said while discussing the c ...

Ganope to Boost Petroleum Production by 17%

Ganoub El Wadi Petroleum Holding Company (Ganope) is targeting to raise its petroleum production by 17% in its Fiscal Year (FY) 2020/21 plan

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