The Ministry of Petroleum

  • Egypt Invests EGP 1 T in Upstream Projects

    Egypt Invests EGP 1 T in Upstream Projects

    Monday, 26th August 2019

    The Ministry of Petroleum invests one trillion Egyptian pounds in the Oil and Gas production projects and EGP 460 billion in petrochemicals and refining projects.

  • Raven Gas Field to Produce Up To 900 mcf/d

    Raven Gas Field to Produce Up To 900 mcf/d

    Wednesday, 21st August 2019

    The petroleum sector initiates 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 per day (cf/d).

  • Zohr Production Reaches 2.7 bcf/d

    Zohr Production Reaches 2.7 bcf/d

    Wednesday, 21st August 2019

    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 before the scheduled date.

  • Egypt Cuts IOCs Arrears by 80% in 6 Years

    Egypt Cuts IOCs Arrears by 80% in 6 Years

    Sunday, 16th June 2019

    Minister of Petroleum and Mineral Resources Tarek El-Molla revealed that Egypt has successfully decreased foreign partners' arrears by more than 80% between 2012 and 2018.

  • Sino Tharwa Halted Project in West Minya

    Sino Tharwa Halted Project in West Minya

    Wednesday, 8th February 2017
    The 1.5m acre project in West Minya has stopped temporarily until completing the transfer of the responsibilities of the project from the Ministry of Water Resources and Irrigation to Egyptian countryside Development Company.
  • Egypt Raised Pump Prices

    Egypt Raised Pump Prices

    Friday, 4th November 2016
    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 prices upon announcing the change.
  • Egypt Received $1.2b in Oil from Aramco

    Egypt Received $1.2b in Oil from Aramco

    Wednesday, 2nd November 2016
    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.
  • Egypt Owes EGP 200b to EGPC

    Egypt Owes EGP 200b to EGPC

    Monday, 10th October 2016
    The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.
  • Egypt to Solve Overcharging on Gas Bills

    Egypt to Solve Overcharging on Gas Bills

    Monday, 19th September 2016
    In a statement to Egypt Oil&Gas, sources from the Egyptian Ministry of Petroleum stated that the ministry is working on resolving disputes on household gas invoices.
  • Egypt to Become Regional Energy Hub

    Egypt to Become Regional Energy Hub

    Tuesday, 6th September 2016
    A source from the Egyptian Ministry of Petroleum and Mineral Resources stated that the county aims to increase imports of liquefied natural gas (LNG) and local gas production in a push to turn Egypt into a global energy market by leverage the country's gas process and distribution infrastructure.