Appointments and transfers in petroleum sector companies
Mohamed Abdel Azim was named president of Khalda Petroleum Company and vice-president at state gas outfit EGAS, AMAY reports. The appointment was made yesterday by Petroleum Minister Tarek El Molla, who also appointed Sayed Mowafi as a vice-president at Khalda and Alaa Abdel Fattah Al Battal as a vice-president at Agiba Petroleum Company. Mahmoud Abdel […]
El Molla meets Edison CEO to discuss current projects in Egypt
The Minister of Petroleum & Mineral Resources, Eng. Tarek El Molla, met with Mr. Marc Benayoun, Chief Executive Officer of Edison International Group and President of the Board of Directors, where they discussed boosting bilateral relations and investment opportunities along with reviewing the executive status of projects currently being carried out by Edison in Egypt. […]
Egypt to repay half of its dues to oil companies in coming weeks
Egypt expects to cut the $3.5 billion it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. “We have made a lot of progress on paying off arrears,” Tarek El Molla said at an oil and gas conference. The minister also said he expected to finalise […]
BP begins trial operations at North Alexandria offshore concession
BP has begun trial operations at its North Alexandria offshore concession and is expected to bring the well to commercial production levels this year, Oil Minister Tarek El Molla said yesterday, Al Borsa reports. As noted earlier this month, BP is expecting to produce 600 million cubic feet per day of natural gas and will […]
Rosneft CEO Igor Sechin makes working visit to Egypt
President of Egypt Abdel Fattah el-Sisi hosted the participants of the consortium, developing the gas field Zohr: Rosneft Chief executive officer Igor Sechin, Eni Chief executive officer Claudio Descalzi, BP Chief executive officer Bob Dudley. The parties discussed the cooperation with Egyptian authorities and business partners (the stae-owned Egyptian Natural Gas Holding Company EGAS is […]
President Sisi meets with CEOs of BP, Rosneft and Eni
President Abdel Fattah El Sisi met with the CEOs of BP, Rosneft, and Eni to discuss the progress on the companies’ projects in Egypt, Al Masry Al Youm reports. Rosneft’s CEO Igor Sechin told El Sisi that the Russian company expects to complete the acquisition of its 30% stake in the Zohr field in 2Q2017, […]
PetroZenima to link Gulf of Suez wells in to production platforms
PetroZenima is currently connecting drilled wells in its Gulf of Suez concession to production platforms, a source told Egypt Oil & Gas. There are eight wells drilled in the concession, two of which are already connected and producing a total of 1,300 bpd. Two more wells are being connected to production platforms with the remaining […]
BP makes third gas discovery in North Damietta Concession offshore Egypt
BP announced today another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pressure data and fluid samples confirmed […]
Interview with Egypt’s Minister of Petroleum Tarek El Molla (BP Magazine)
Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production. The country’s minister of petroleum and mineral resources Tarek El-Molla talks to BP Magazine about a new era of investment, how Egypt is well-placed to become a regional energy hub on the eastern […]
GE completes upgrade of Kureimat Power Plant in Upper Egypt
General Electric Completes Upgrade at Upper Egypt Electricity Company’s Kureimat Plant in Egypt to Increase Output by 7.8 Percent. • The Upgrade Increased the Plant’s Output by 7.8 Percent and Decreased Its Fuel Consumption by 2.8 Percent. • The Project Will Help Improve the Power Plant’s Efficiency and Reduce Operational Costs. GE announced that it […]