The Ministry of Petroleum | Egypt Oil & Gas
Iran’s NISOC to Boost its Oil Production
The National Iranian South Oil Company (NISOC) annonuced that it targets boosting its oil production in a plan that it described as the most targeted plan of production enhancement over the past 20 years, according t...
Egypt Invests EGP 1 T in Upstream Projects
The Ministry of Petroleum and Mineral Resources invested EGP 1 trillion in the oil and gas production projects, including $32.6 billion for the operating projects, $12.7 billion for the projects under establishment an...
Raven Gas Field to Produce Up To 900 mcf/d
The petroleum sector is preparing to initiate the production in Raven Gas Field in North Alexandria concession next September, with an estimated maximum gas production capacity between 850 and 900 million cubic feet p...
Zohr Production Reaches 2.7 bcf/d
Tarek El Molla, the Minister of Petroleum, announced that the production capacity of Zohr gas field has raised to 2.7 billion cubic feet per day (bcf/d), five months ahead of the scheduled date, Egypt Oil & Gas re...
Egypt Cuts IOCs Arrears by 80% in 6 Years
Egypt has successfully decreased foreign partners’ arrears by more than 80% between 2012 and 2018, according to the Minister of Petroleum and Mineral Resources Tarek El-Molla, Amwal Al Ghad reported. The ministe...
Sino Tharwa Halted Project in West Minya
An official source at Sino Tharwa Drilling Company stated to Egypt Oil&Gas that the 1.5m acre project in West Minya has stopped temporarily until completing the transfer of the responsibilities of the project from...
Egypt Raised Pump Prices
The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country’s economic reform program. The government has implemented the new price...
Egypt Received $1.2b in Oil from Aramco
Since May 2016, Egypt has received oil cargos from Saudi Aramco worth $1.2b. Egypt received 700,000t of petrol every month for the last 4 months, reported Al Borsa. The Egyptian Minister of Petroleum, Tarek El Molla s...
