Qarun Petroleum Company | Egypt Oil & Gas

Pharos’s Interim Results Signal Return to Free Cash Flow

 Pharos’s President and CEO Ed Story announced that the signing of the Egyptian farm-out and the Infill Development Programme in Vietnam indicate that the medium-term outlook for the Company is a return to free ...

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 million wh...

Qarun Petroleum Pumps Investments Worth $190 MM in 2019/20

The Chairman of Qarun Petroleum Company, Ashraf Abdel Gawad, said that his company has pumped investments during the fiscal year (FY) of 2019/20 worth $190 million, according to a press release. He elaborated that the...

El Molla Issues ICT Reshuffles in Petroleum Companies

Tarek El Molla, Minister of Petroleum and Mineral Resources, issued a movement of transfers for managers and assistants in the information and communications technology (ICT) department. The reshuffling aims to suppor...

El Molla Reviews Qarun Budget for FY 2019/20 -2020/21

The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget for F...

Ministry of Petroleum Announces 10 New Exploration Wells in Western Desert

The Ministry of Petroleum and Mineral Resources announced 10 new exploration wells in the Western Desert in the East Bahareya Extended Area 3, with an average daily production of 5,000 barrels of oil equivalent per da...

Qarun Petroleum to Invest $190m

Qarun Petroleum Company plans to allocate $190m investments in its budget of fiscal year 2017/2018 to be used in drilling 14 development and exploratory wells in its concessions in order to increase production and com...

Qarun drilled the KNW-3

Qarun Petroleum Company (QPC) drilled a new development well, KNW-3 in its Karama Development Lease, Abu Gharadiq Basin, Western Desert. The well was drilled to a total depth of 8280 feet, by the EDC-49 rig. According...

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