Egypt announces EGAS 2022 International Bid Round result with four blocks awarded
The Ministry of Petroleum and Mineral Resources announced the results of the international bid round by the Egyptian Natural Gas Holding Company (EGAS) for the search and exploration of natural gas and crude oil in the Mediterranean Sea and Nile Delta regions, which closed in mid-July 2023. Four exploration areas were awarded, three of which […]
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 […]
Oil Minister pitches investment opportunities to Russia’s Zarubezhneft
Oil Minister Tarek El Molla pitched E&P investments in Egypt to a delegation from Russian state-owned energy company Zarubezhneft at a sitdown on Wednesday, Al Borsa reports. It was agreed that future meetings will take place to outline potential opportunities. The company operates in Vietnam, Cuba, Croatia and Jordan among others. (Source: Enterprise.press)
