Russian Zarubezhneft joins two offshore oil concessions in Egypt
Russian state-owned energy company Zarubezhneft has joined two offshore oil concessions in Egypt under a production-sharing agreement, Reuters’ Arabic service reports, without disclosing the value of the agreement or the other party. The report indicates that one of the blocks is in southeast Ras El Ush and the other is East of Gabal El Zeit […]
Ganope to invest $53m on exploration and development
Minster of Petroleum and Mineral Resources Eng. Tarek El Molla headed the General Assembly of Ganoub El Wadi Petroleum Holding Company (Ganope) to review the company’s budget for fiscal year 2017/2018. During the meeting, the Petroleum minister Eng. Tarek El Molla, stated that the Egyptian Petroleum and gas sector is deploying several developmental projects within […]