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Tag: Agreement
Wintershall Dea East Damanhour

Wintershall Dea signs joint exploration agreement with Cheiron, INA for East Damanhour, Egypt

Posted: March 9, 2021 at 2:29 pm   /   Oil & Gas

Wintershall Dea signs agreement with Cheiron and INA for joint exploration rights at East Damanhour, Egypt The Egyptian Minister of Petroleum and Mineral Resources, H.E. Eng. Tarek El Molla, has approved a deed of assignment agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the East Damanhour onshore Exploration block in Egypt. The […]

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Siemens Hydrogen

Egypt, Siemens agree to start studies for green hydrogen production project

Posted: January 17, 2021 at 1:41 pm   /   Renewables

Siemens will work on a pilot project to produce green hydrogen in Egypt after signing a MoU with the Electricity Ministry on Thursday, according to a press release. Egypt is currently exploring green hydrogen as an alternative energy source, and will be integrated into the government’s 2035 energy strategy, according to the statement. Siemens has […]

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Siemens Mobility

Siemens signs MoU for Egypt’s first ever High-Speed Rail System

Posted: January 16, 2021 at 1:05 pm   /   Electricity & Power

Siemens Mobility Signs Landmark MoU to Install Egypt’s First Ever High-Speed Rail System Agreement comprises a rail system with a network of around 1000km – first being a 460km project valued around 3bn$ Turnkey Engineering, Procurement and Construction project including 15 years of services  Siemens Mobility to provide high-speed and regional trains, locomotives, rail infrastructure, […]

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ITFC

Egypt, ITFC sign $1.1 billion funding agreement to import commodities

Posted: January 16, 2021 at 12:46 pm   /   Oil & Gas

Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion. The ministry said that the agreement comes as part of a three […]

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ExxonMobil

ExxonMobil Egypt inks Star Offshore concession agreement with EGAS

Posted: January 6, 2021 at 3:20 pm   /   Oil & Gas

ExxonMobil Egypt signed a contract to acquire a concession of more than 4,000 square kilometers in the Stare marine are in the Arab republic, according to a January 4th emailed press release. The agreement was signed with the Egyptian Natural Gas Holding Company (EGAS), in cooperation with petroleum firm Tharwa. Under the deal, ExxonMobil will […]

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offshore

Egypt signs Oil & Gas Exploration Agreements worth $1 billion

Posted: January 3, 2021 at 12:55 pm   /   Oil & Gas

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]

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TransGlobe-Merged-Concession

TransGlobe agrees with EGPC to merge, extend & modernize its Eastern Desert Concessions

Posted: December 7, 2020 at 1:10 pm   /   Oil & Gas

TransGlobe Energy Corporation announced it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concessions (the West Gharib, West Bakr and North West Gharib concessions) into a new modernized concession agreement (the “Merged Concession” or “Agreement”). The Agreement is subject to the usual Egyptian Parliamentary […]

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Cabinet-meeting-4-Nov-2020

Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco

Posted: November 5, 2020 at 12:28 pm   /   Oil & Gas

Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Bilfinger

Bilfinger signs Engineering Master Service Agreement with Petrojet in Egypt

Posted: June 27, 2020 at 9:11 pm   /   Oil & Gas

Bilfinger Tebodin Middle East in Egypt signs an Engineering Master Service Agreement with PETROJET. Bilfinger strengthening its portfolio in growth market Egypt  Strategic engineering framework agreement with project volume worth one million USD  Bilfinger Tebodin Middle East in Egypt has signed an Engineering Master Service Agreement with PETROJET, a leading state-owned Oil & Gas integrated […]

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