production | Egypt Oil & Gas - Part 40

EGPC Approves El Hamra Budget with $81 MM in FY 2020/21

The CEO of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz El Regal, approved the planning budget of El Hamra Oil Company with $81 million of investments for fiscal year (FY) 2021/22 during the general ass...

Sonatrach’s Refinery Operations Jump 7.4% in 2020

Sonatrach company announced that it has recorded an increase in its refinery operations by 7.4% during 2020, reaching 29.1 million tons compared to 27.2 million tons in 2019, a statement issued by the company reported...

Bapetco’s Investments Reach $298 MM in FY 2021/22

Badr El-Din Petroleum Company (Bapetco) announced that its investments reached $298 million with a 100% success rate in drilling three exploration wells during H1 2020/21. The company is planning as well to drill two ...

Dana Gas Boosts Resilient Operational Performance in 2020

Dana Gas Company announced its preliminary unaudited financial Results for the full year 2020. The Company reported a net profit of $36 million versus $88 million in 2019, excluding one-off non-cash impairments and ot...

Tatneft Expands its Oilfield Services in Turkmenistan

Tatneft company started to repair tubing pipes of its oil field in Turkmenistan in order to expand it oil field services, a press release announced. The company commenced its maintenance work at the end of January wit...

PNG, Total Sings Fiscal Agreement for LNG Project

The Prime Minister of Papua New Guinea (PNG), James Marape, announced that the government signed a fiscal agreement with Total company to develop a liquefied natural gas (LNG) project at a cost of $13 million, Reuters...

Sonatrach’s Boosting III Project in Hassi R’mel Field Starts Operation

Sonatrach Company announced that it started the operation of its Boosting III project in the Hassi R’mel field with its three South, Center, North stations after it completed the testing phase for North Station, a pre...

Russia Signs Oil Production Agreement for Boosting Priobskoye Filed Production

Rosneft Company along with the Russian Ministry of Finance and the Ministry of Natural Resources and the Environment signed an investment agreement for boosting oil production in the Priobskoye field in the form of an...

Qatar Petroleum to Develop Giant NFE’s LNG Project

Qatar Petroleum announced that it will start developing the North Field East (NFE), which is the world’s largest liquefied natural gas (LNG) project, a press release reported. The project will raise the state’s LNG pr...

Nigeria to Obtain $500 MM Signature Bonuses from Marginal Oil Fields

The Nigerian Head of the Department of Petroleum Resources (DPR), Sarki Auwalu, said that he expected that Nigeria to obtain $500 million from the signature bonus of marginal oil fields, Reuters reported. Auwalu added...

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