Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) both announced to boost their investments during Fiscal Year (FY) 2020/21.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting with the heads of the leading firms in terms of crude oil production in the petroleum sector: Petrobel, Khalda, Qarun, Badr El-Din, Agiba, and GUPCO, in order to follow up the implementation of crude oil production plans during the current fiscal year (FY) 2019/20.

The Egyptian Natural Gas Holding Company (EGAS) plans to add 1.5 billion cubic feet per day (bcf/d) to national gas grid in 2019, through executing development projects in Zohr, North Alexandria, and Burullus 9B phase.

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell Country Chairman, Gasser Hanter, to discuss the company's plans for Egypt.

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla reviewed the plans to increase crude oil and natural gas local production and assured that Aramco cargos are to proceed.