Red Sea | Egypt Oil & Gas - Part 3
NREA to Launch Solar Power Project in Hurghada
The National Renewable Energy Authority (NREA) will announce next month a tender to establish a 20-megawatt (MW) solar power plant in Hurghada, a government official reportedly told Al-Borsa. The power plant will use ...
Saudi Arabia to Expand Pipeline as Alternate Export Route
Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to reduce oil exports through the Strait of Hormuz, Reuters reported. The move comes in response to a number of in...
GANOPE Extends Deadline for Red Sea Bid Round
Ganoub El Wadi Petroleum Holding Company (Ganope) has extended the deadline for receiving offers for its international bid for oil and gas exploration in the Red Sea to mid-September, instead of August, to allow more ...
El Molla Reviews New Projects with Schlumberger
The Minister of Petroleum, Tarek El Molla, has met Maen Razouqi, the Northern Middle East President at Schlumberger, and Karim Badawi, Schlumberger’s Egypt and East Mediterranean Managing Director, to discuss mu...
NREA Plans 200 MW Red Sea Wind Farm
The New and Renewable Energy Authority (NREA) plans to build a 200-megawatt (MW) wind farm plant near the Gulf of Suez, Al Mal reported. Feasibility studies are being conducted for the new project, in cooperation with...
EGPC to Increase Oil Production by 50,000 b/d
The Egyptian General Petroleum Corporation (EGPC) aims to increase its production of crude oil and condensates by 50,000 barrels per day (b/d), bringing its total production to nearly 710,000 b/d by mid-2020, Amwal Al...
Total to Pump Investments in Egypt
French energy giant Total looks to increase its exploration and production (E&P) activities in the West Mediterranean and the Red Sea, as well as raising its overall investments in Egypt, Al Shorouk reported. Acco...
Ministry of Petroleum to Launch Bid Rounds in West Mediterranean
The Ministry of Petroleum and Mineral Resources is planning to launch a new bid round in Q3 2019 for natural gas exploration in the West Mediterranean region, Al Ahram reported. The ministry pointed out to the importa...
