report | Egypt Oil & Gas

MPED: Petroleum Sector Targets Investments of EGP 99.6B during FY 2023/24

The Minister of Planning and Economic Development (MPED) issued a report about the petroleum sector’s investment plan that it aims to invest EGP 99.6 billion in developing the extractions during the fiscal year (F ...

Egypt Achieves EGP 2.8B in Annual Savings from Flare Gas Recovery Projects

At the top of the priorities of this strategy are projects to exploit flare gases because of their positive returns, both environmentally by reducing carbon emissions resulting from gas flaring, or economically by ...

ExxonMobil Sets Historic Record for Western Oil Industry in 2022

Exxon Mobil Corp, which earned roughly $6.3 million per hour in 2018, reported a $56 billion net profit for 2022, breaking both a company record and achieving a historic high for the Western oil industry, Reuters ...

MPED Reviews Government Green Initiatives, Programs for FY 2022/23

The Egyptian Ministry of Planning and Economic Development (MPED) issued a report on government initiatives and programs directed at environmental improvement and the transition to a green economy, with the plan f ...

Iran’s Annual Sweet Gas Production Increases by 6%

Iran has achieved 6% increase in the annual production of sweet gas despite the lockdowns and obstacles being resulted from coronavirus outbreak.

BP: Egypt’s LNG Exports Reach 4.5 bcm in 2019

BP announced that the Egyptian Liquefied Natural Gas (LNG) exports had increased 2.6 billion cubic meters (bcm) recording 4.5 bcm during 2019, while the imports had decreased to 3.2 bcm as the end of 2018 after re ...

GPC Boosts Crude Oil Production

The General Petroleum Company (GPC) increased its crude-oil output to 57,000 barrels per day (b/d).

Nigeria Losing Out Due to Subsidies, Crude Prices

The Nigerian National Petroleum Corp. recorded a loss of $1.9b in the first eight months of this year thanks mostly to fuel subsidies

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