The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.

Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².

Natural Gas Vehicles Company (Car Gas) began a trial operation to the first natural gas supply station in collaboration with the National Service Products Organization’s (NSPO) Watanya in Hurghada, Red Sea.

Minister of Environment, Yasmine Fouad, urged the Council of Arab Ministers Responsible for the Environment (CAMRE) to avoid an environmental disaster caused by the lack of maintenance of the oil tanker (Safer) located in the Red Sea since 2015.

President Abdel Fattah Al-Sisi has called for boosting Egypt's cooperation with the Italian giant Eni to ease any obstacles that the company might face.

The Egyptian House of Representative passed 12 exploration and production (E&P) bills that allow the Minister of Petroleum and Mineral Resources to sign contracts with different oil and gas E&P companies.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed the industrial wastewater treatment issues in the Gulf of Suez and the Red Sea region with Yasmine Fouad, Minister of Environmental Affairs.

The National Renewable Energy Authority (NREA) will announce next month a tender to establish a 20-megawatt (MW) solar power plant in Hurghada.

Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.

Ganoub El Wadi Petroleum Holding Company has moved the deadline for receiving offers for its international bid for oil and gas exploration in the Red Sea from August to September to allow more companies to submit their offers.