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Egypt to Hold Tender for Oil Exploration in Eastern Desert
Egypt to Hold Tender for Oil Exploration in Eastern Desert EG >> 8/13/2017 - Egypt's General Authority for Petroleum (EGPC) announced on Sunday it would hold a tender for oil exploration in the country's Eastern Desert. ...
Foreign Oil Firms' Egypt Investments $8.1b in 2016-2017
Foreign Oil Firms' Egypt Investments $8.1b in 2016-2017 EG >> 8/9/2017 - Investment by foreign oil firms in Egypt rose to $8.1 billion in 2016-2017 from $6.6 billion a year earlier, Petroleum Minister Tarek El-Molla told Reuters on Wednesday. ...
ACWA Power Awarded 3 Solar PV Projects of Egypt FiT Program II
ACWA Power Awarded 3 Solar PV Projects of Egypt FiT Program II EG >> 8/8/2017 - Eng, Gamal Abd-Al Rehem, Chairman of the Egyptian Electricity Transmission Company (EETC) and Mr. Mohammad Abunayyan, Chairman of ACWA Power, attended the signing of the Power Purchase Agreement with ...
Egypt’s General Petroleum Production Rates 'unprecedented'
Egypt’s General Petroleum Production Rates 'unprecedented' EG >> 8/4/2017 - Egypt’s state-owned General Petroleum Company has reached unprecedented production rates of 57,000 barrels of oil equivalent per day, the petroleum ministry said in a Friday statement. ...
Saipem Awarded Contract Worth $900M for Zohr Field
Saipem Awarded Contract Worth $900M for Zohr Field EG >> 7/28/2017 - Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp U...
Egypt Expects Gas Output to Hit 6.2 b cubic feet per day by End-2017/18
Egypt Expects Gas Output to Hit 6.2 b cubic feet per day by End-2017/18 EG >> 7/27/2017 - Egypt expects its natural gas production to rise to 6.2 billion cubic feet per day by the end of the 2017/2018 fiscal year which began this month, Petroleum Minister Tarek El Molla told Reuters on Thu...
Signing Two Agreements for Conducting Geophysical Survey in the Red Sea
Signing Two Agreements for Conducting Geophysical Survey in the Red Sea EG >> 7/20/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Red Sea maritime border demarcation agreement with Saudi Arabia grants Egypt the opportunity to start Petroleum acti...
Discussions with the Australian Ambassador to Egypt in Oil & Gas Domians
Discussions with the Australian Ambassador to Egypt in Oil & Gas Domians EG >> 7/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr Neil Hawkins, Australia’s Ambassador to Egypt. They discussed the joint projects in oil, gas and mineral resources domains ...
Egypt Sets Sights on Doubling Natural Gas Output by 2020
Egypt Sets Sights on Doubling Natural Gas Output by 2020 EG >> 7/17/2017 - Three recently discovered major gas fields are expected to raise Egypt's natural gas output by 50 percent in 2018 and 100 percent in 2020, the petroleum ministry said. ...
Discussions with the EU Deputy GM for Energy in the Oil and Gas Domains
Discussions with the EU Deputy GM for Energy in the Oil and Gas Domains EG >> 7/13/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Christopher Jones, Deputy General Manager for Energy in the European Union Commission and the accompanying delegation. During ...
Minister of Petroleum Celebrating Final Installment Payment of EDCO Liquefaction Plant
Minister of Petroleum Celebrating Final Installment Payment of EDCO Liquefaction Plant EG >> 7/12/2017 - During a meeting organized by Shell on the occasion of final installment payment of EDCO liquefaction plant project, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources clarified that EDC...
Egypt's Parliament Passes Law Regulating Gas Market
Egypt's Parliament Passes Law Regulating Gas Market EG >> 7/5/2017 - Egypt's parliament passed a law establishing a gas regulatory authority that the government hopes will attract greater private sector participation in the country's rapidly expanding gas sector. ...
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive EG >> 7/5/2017 - Egypt has hired three investment banks to manage the sale of part of its stake in local oil company Enppi, marking a key step in the government’s plan to privatize state-owned businesses. ...
Talks between Minister of Petroleum and Vegas CEO
Talks between Minister of Petroleum and Vegas CEO EG >> 7/3/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received David Evans, CEO of the Greek Company Vegas Oil & Gas and the company’s Vice President Lucas Triplepolis in the presence of En...
Egypt Received $7b in Foreign Funds to Support 79 Development Projects
Egypt Received $7b in Foreign Funds to Support 79 Development Projects EG >> 6/30/2017 - Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry said. ...
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed EG >> 6/29/2017 - After the Egyptian cabinet cut energy subsidies on Thursday, Prime Minister Sherif Ismail said that economic reform decisions on the part of the state could no longer be delayed. ...
Discussions with Shell’s Executive Vice President
Discussions with Shell’s Executive Vice President EG >> 6/22/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Executive Vice President of the International group, Shell and Eng. Gasser Hanter, VP, Country Chair and M...
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives EG >> 6/17/2017 - Egypt signed a $575 million agreement with General Electric Co for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat EG >> 6/15/2017 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc ("Echo") to a...
Petroleum Minister Paid $2.2 Billion to Foreign Partners
Petroleum Minister Paid $2.2 Billion to Foreign Partners EG >> 6/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Petroleum sector paid $2.2 Billion of arrears to IOCs working in Egypt by instalments during the past three weeks, r...
EBRD Approves $500m for Private Renewable Projects in Egypt
EBRD Approves $500m for Private Renewable Projects in Egypt EG >> 6/8/2017 - The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$ 500 million framework to finance renewable ener...
Egypt Paid $1.5b in Arrears to IOCs in May, June
Egypt Paid $1.5b in Arrears to IOCs in May, June EG >> 6/6/2017 - Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s (CBE) Assistant Deputy Governor Rami Aboul Naga told state-owned news agency MENA on ...
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt EG >> 6/5/2017 - Aquatic has been selected to provide tensioning capabilities to DeepOcean BV on behalf of Subsea 7 for the Pharaonic /PHPC Atoll Main umbilical installation project in Egypt. Aquatic will provide its ...
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019 EG >> 6/4/2017 - Egypt is looking to ramp up petroleum production over the next two years, aiming to reduce fuel imports to about 10 percent of total consumption from 30 percent currently, media quoted Oil Minister Ta...
Egyptian-Norwegian Cooperation Talks in the Aspects of Oil and Gas Industry
Egyptian-Norwegian Cooperation Talks in the Aspects of Oil and Gas Industry EG >> 5/31/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Sten Arne Rosnes, Norwegian Ambassador to Egypt to discuss fields of cooperation in the Oil and Gas industry, in light of ...
Egyptian-Belgian Investment Discussions in the Petroleum and Energy Domains
Egyptian-Belgian Investment Discussions in the Petroleum and Energy Domains EG >> 5/31/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mrs. Sibille de Cartier, Belgian Ambassador to Egypt and the accompanying delegation. During the meeting, they reviewed method...
Discussions with Vice President of Total for North Africa Region
Discussions with Vice President of Total for North Africa Region EG >> 5/30/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources recieved Mr. Elias Kassis, Total’s Vice President for exploration in the Middle East and North Africa regions accompanied by Total Egyp...
Result of Flow Test at SD-1X Discovery
Result of Flow Test at SD-1X Discovery EG >> 5/30/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disou...
Discussions with DOW Chemicals in the Petrochemicals Domain
Discussions with DOW Chemicals in the Petrochemicals Domain EG >> 5/24/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mr. Jim Mcllvenny, President DOW India, Middle East, Africa and Turkey, in presence of CEO of ECHEM. The Minister cleared out ...
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels EG >> 5/23/2017 - Vallianz Holdings Limited, and together with its subsidiaries, has secured long-term charter contracts valued at up to US$115 million in total for four vessels. These contracts were awarded by a nati...

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