Egypt to launch new oil exploration round for 11 blocks in Western Desert and Gulf of Suez
Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek el-Molla said on Tuesday. He said that Egypt also plans to launch two gas exploration rounds this year. Egypt, which used to be a net energy exporter, has become […]
Minister of Petroleum to open the 8th Offshore Mediterranean Conference (MOC 2016) in Alexandria
On next Tuesday 19th April, 2016, Eng. Tarek El Molla Minister of Petroleum and Mineral Resources to open in Alexandria the 8th Mediterranean Offshore Conference & Exhibition MOC 2016, which will be held for 3 days. The conference is accompanied by an exhibition with the participation of many local, Arab and international companies, where multiple […]
Egypt arrears owed to oil firms rises to $3 billion at end-2015
Egypt’s outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters. The ministry had said in September that Egypt aimed to reduce the arrears owed to foreign oil companies to $2.5 billion by the […]