Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco
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 […]
Egypt’s Upstream Gateway a quantum leap in attracting investments – Molla
Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting with the Executive Committee of the Egypt’s Upstream Gateway (EUG) project to follow up the progress of implementing the project, which is the first of its kind in the Egyptian petroleum industry. The ministry stated Monday that this comes within the framework of the first program […]
UK companies explore energy opportunities in the Egyptian market
UK-Scottish companies explore business opportunities in Egypt as the country transitions to net zero. The UK Department for International Trade (DIT), in partnership with the Scottish Development International (SDI) organised the first virtual energy event to explore business opportunities for UK-Scottish companies in Egypt’s transition to net zero, as part of UK’s endeavour to support […]
President Sisi urges Italy’s Eni to expand its Egypt exploration activities
Egypt’s president Abdel Fattah El-Sisi met with a delegation from the oil company Eni in Cairo on Monday, 12 October 2020. The president has ordered the petroleum ministry to promote cooperation with the Italian oil company and overcome any obstacles in this regard. Egypt’s President Abdel-Fattah El-Sisi has expressed hope for the expansion of activities […]
Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion
Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]
Egypt, ExxonMobil sign two offshore Mediterranean exploration agreements
Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1.7 million acres last month. The first agreement is […]
Egypt launches two fuel supply carriers with $14 million investment
The Egyptian ministry of petroleum and mineral resources has launched two oil tankers in Port Said and Suez to supply vessels with fuel with total investment of $14 million (EGP 221 million), Ahram Gate reported on Sunday. The two oil tankers are launched by Misr Petroleum Company, boosting the company’s ship-refuelling sector and bringing the […]
Egypt to directly award West Mediterranean O&G exploration rights
Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]
El Molla meets with BP’s Bernard Looney to discuss gas projects
Minister of Oil and Mineral Wealth Tarek el Molla conferred on Monday with the newly-appointed Chief Executive Officer of British Petroleum Company Bernard Looney and Chief Executive of Operations, Exploration and Research William Lane and Regional President of BP in North Africa and the Middle East Hisham Mekawy and BP Chairman in Egypt Karim Alaa. […]
Egypt’s natural gas production reaches 7 bcf/d – Ministry Official
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 […]
