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Tag: Sherif Ismail

Egypt's Zohr gas field to produce 350 million cubic feet per day by end of 2017 – Ministry

Posted: December 3, 2017 at 7:40 pm   /   Oil & Gas

Egypt’s giant new offshore Zohr gas field in the Mediterranean is set to begin production by year-end and would initially yield 350 million cubic feet per day, the petroleum ministry said on Friday. Production would increase to around 1 billion cubic feet per day by mid-2018, it said. Prime Minister Sherif Ismail said in September […]

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Prime Minister: Egypt to repay more IOC arrears before the end of 2017

Posted: October 16, 2017 at 12:31 pm   /   Oil & Gas

The Egyptian government is planning to repay a portion of its arrears to international oil companies before the end of 2017, especially as they have been expanding their investments in the country, Prime Minister Sherif Ismail told the press on Sunday. IOCs had raised investments in Egypt to USD 10 bn this year, while arrears […]

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Cabinet approves assignment of Ras Fanar development area in Gulf of Suez to EGPC

Posted: September 7, 2017 at 2:32 pm   /   Oil & Gas

The Sherif Ismail cabinet granted preliminary approval to transferring supervision of oil and gas production in Ras Fanar to the Egyptian General Petroleum Corporation (EGPC), until legislation is issued to govern the region. The cabinet approved Wednesday assigning the development of the Gulf of Suez’s Ras Fanar region to the Egyptian General Petroleum Corporation (EGPC). […]

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Eni: Egypt's Zohr is 80% complete

Posted: August 2, 2017 at 2:32 pm   /   Oil & Gas

The Egyptian Prime Minister Sherif Ismail met today with Eni’s CEO Claudio Descalzi. The meeting focused primarily on the future of Zohr’s mega field and the positive impact it will have on the national energy economy, with CEO Claudio Descalzi outlining the progress being made with the rapid development of the project. Thanks to the […]

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Red Sea

Egypt to open new exploration areas for oil & gas in the Red Sea

Posted: July 14, 2017 at 3:57 pm   /   Oil & Gas

Egyptian Petroleum Minister Tarek El Molla said on Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypt’s effort to expand oil and gas production. El Molla did not disclose the exact date for the bidding. He told a news conference that the bidding comes after […]

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tarek el molla

Tarek El-Molla: The man reviving Egypt's fortunes

Posted: May 24, 2017 at 11:09 pm   /   Oil & Gas

By paying off debt and shaking up the offshore gas sector, former Chevron man Tarek El-Molla is making his mark as oil minister. Egypt’s upstream sector is shining once again after the 2011 revolution unleashed political and financial chaos, forcing international oil companies to put major projects on hold. Much of the kudos for the […]

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Prime Minister, Minister of Petroleum meet with Shell Upstream International Director

Posted: April 9, 2017 at 12:13 pm   /   Oil & Gas

Egyptian Prime Minister, Eng. Sherif Ismail, met with Andrew Brown, Upstream International Director at Shell in the presence of Minister of Petroleum and Mineral Resources, Tarek El Molla, and Eng. Gasser Hanter, Country Chairman of Royal Dutch Shell Egypt, to discuss existing and potential opportunities in Egypt’s oil and gas exploration. The meeting included a […]

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Prime Minister & Minister of Petroleum meet with Apache CEO

Posted: April 2, 2017 at 8:45 pm   /   Oil & Gas

Prime Minister Eng. Sherif Ismail received yesterday John Christmann, the Chief Executive Officer of Apache, and James House, Senior Region Vice President for Apache, and David Chi, Regional Vice President and Apache Egypt General Manager, in the presence of Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources. At the meeting, the Prime Minister […]

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Minister of Petroleum witnesses Closure of EGYPS 2017 Strategic Conference

Posted: February 16, 2017 at 11:04 pm   /   Oil & Gas

EGYPS 2017 Strategic Conference, organized by ministry of petroleum and mineral resources in cooperation with “DMG events” and held under the patronage of his Excellency president Abdel Fattah El-Sisi; president of Arabic Republic of Egypt, concluded with rousing response. The conference discussed and review challenges, investment opportunities, future of mining and Energy in Egypt and […]

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shell

Prime Minister and Petroleum Minister meet with Shell’s Executive VP Sami Iskander

Posted: December 6, 2016 at 2:21 pm   /   Oil & Gas

Prime Minister Sherif Ismail and Petroleum Minister Tarek El Molla met with senior Shell executive Sami Iskander on Monday to discuss existing and potential opportunities in oil and gas exploration in Egypt. Iskander, formerly chief operating officer of BG, is now executive vice president at Shell responsible for joint ventures. Discussions covered Shell’s exploration and […]

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