WS | Egypt Oil & Gas - Part 3

Parliament Approves Guarantees for MIDOR and ASORC

The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.

El Molla Issues New Promotion

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotion.

El Molla Meets Norwegian Ambassador to Egypt

El Molla pointed out that the cornerstone of the petroleum sector is being open to global and regional experience and expertise in the field of oil and natural gas.

El Molla Met with Total Executives to Discuss Exploration Opportunities

Tarek El Molla met with Total Executives to discuss the company’s oil and gas exploration projects in the Mediterranean and the Delta area.

El Molla in Talks with Dow

El Molla received Dow’s President for the India, Middle East, Africa and Turkey (IMEAT) region, Jim McIlvenny.

El Molla Met with GACIC’s Delegation

El Molla met with German-Arab Chamber of Industry and Commerce's delegation.

SUMED Signs $300m Deal with NBK

Sumed Company and National Bank of Kuwait (NBK) signed a $300m agreement to finance part of a project to store petroleum products and natural gas in Ain Sukhna port.

El Molla Visited ERC and CORC

El Molla visited the project of the Egyptian Refining Company (ERC) annd the refinery of the Cairo Oil Refining Company (CORC) in Mostorod.

El Molla Reviewed Atoll Field Status

BP has completed 53% of the development work being carried out at the North Damietta offshore concession.

Egypt’s Nedoko field (West-4) is Online

Nedoko field was put online with a production capacity of 175mcf/d of gas and 1400b/d of condensates.

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