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Tag: Petroleum Ministry
Gas Production

Egypt’s natural gas production reaches 7 bcf/d – Ministry Official

Posted: September 3, 2019 at 4:42 pm   /   Oil & Gas

Egypt’s natural gas production rose to 7 billion cubic feet (bcf) per day from a level of 6.8 bcf per day at the end of June, a senior petroleum ministry official told Reuters on Monday. Natural gas production at Egypt’s Zohr field, the largest in the Mediterranean, had risen to 2.7 bcf per day, around […]

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LNG

Egypt’s gas exports through Idku LNG plant increase to 750 mmcf/d

Posted: July 24, 2019 at 1:29 pm   /   Oil & Gas

The quantities of gas exported through Idku have increased after linking 250 mmcf/day of the Giza and Fayoum fields to the local production: source. The Egyptian Natural Gas Holding Company (EGAS) estimated the quantities of natural gas exported through Dutch Shell’s Idku gas liquefaction plant at 750 million cubic feet per day (mmcf/day) compared to […]

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Red Sea

Egypt extends deadline for Red Sea Offshore Bid Round to September

Posted: July 22, 2019 at 3:07 pm   /   Oil & Gas

The South Valley Egyptian Petroleum Holding Company (Ganope) announced the extension of the closing date of its Offshore Red Sea Oil & Gas Exploration Bid Round till mid-September. The Offshore Red Sea Bid Round (O.R.S.B.R 2019) includes ten (10) Exploration Blocks in the Economic Water of the Red Sea as shown in the map. The […]

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Tarek El Molla

Egypt’s arrears to IOCs reduced to $900 million at end of June – El Molla

Posted: July 13, 2019 at 12:12 pm   /   Oil & Gas

Egypt’s arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon. The Egyptian government had told the International Monetary Fund in a letter in January it intended to “eliminate” arrears […]

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Eng Sameh Sabry

Wintershall Dea supports Petroleum Sector’s Blood Donation Campaign

Posted: June 19, 2019 at 12:03 am   /   Oil & Gas

Eng. Sameh Sabry, Wintershall Dea’s Senior Vice President and Managing Director – Egypt urges colleagues at Wintershall Dea and SUCO to donate blood and contribute to the Egyptian Petroleum Sector’s Nationwide Blood Donation Campaign. The Egyptian Petroleum Sector’s first Nationwide Blood Donation Campaign was launched today by H.E. Eng. Tarek El-Molla, The Egyptian Minister of […]

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Halliburton

Halliburton, Petroleum Ministry sign Employee Development Agreement

Posted: March 14, 2019 at 10:24 pm   /   Oil & Gas

Halliburton Company has signed a Memorandum of Understanding (MOU) with the Egyptian Ministry of Petroleum & Mineral Resources (MoP) to support a specialized development program for Egypt’s middle management and young professional employees. The MOU, which aligns with the ministry’s Oil and Gas Modernization Program, is a collaborative agreement under which Halliburton will utilize its […]

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Red Sea

Egypt launches 2019 Bid Round for Red Sea Oil & Gas Exploration

Posted: March 10, 2019 at 2:00 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea based on PRODUCTION SHARING AGREEMENT (P.S.A). South Valley Egyptian Petroleum Holding Company (Ganope) is the entity […]

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energymarket_stock

15% reduction in oil & gas production costs in Egypt

Posted: November 8, 2018 at 1:54 pm   /   Oil & Gas

The Ministry of Petroleum succeeded in cutting the cost of producing oil and gas by 15%, which saves substantial funds and increases production. A source at the Ministry of Petroleum and Mineral Resources told Daily News Egypt that a programme was developed to cut production costs through increasing reliance on local products and companies in […]

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Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]

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Oil

Egypt spends $1.5 billion/month on petroleum products for local market

Posted: October 24, 2018 at 1:27 pm   /   Oil & Gas

Egypt spends more than $1.5 billion per month in providing petroleum products to the local market, Petroleum Minister Tarek El Molla said on Tuesday, a bill that covers both imports and the share of foreign oil companies. Egypt now spends $700 million-$800 million buying the foreign companies’ share in local joint venture oil production due […]

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