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Egypt Oil & Gas News

World Bank Provides Credit Facilities for Egyptian Solar Project
World Bank Provides Credit Facilities for Egyptian Solar Project EG >> 1/11/2018 - The World Bank's Multilateral Investment Guarantee Agency (MIGA) announced that it will provide Egypt with $102.6 million in credit facilities to support the construction, operation and maintenance of...
ADES Extends Three Major Contracts in the Gulf of Suez
ADES Extends Three Major Contracts in the Gulf of Suez EG >> 1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, ha...
Petroleum Minister Meeting with CEO of the German DEA
Petroleum Minister Meeting with CEO of the German DEA EG >> 1/10/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mrs. Maria Moraeus Hanssen, CEO of the German company DEA and the accompanying delegation. During the meeting, they reviewed t...
TransGlobe Announces 2018 Capital Program of $29.1M for Egypt
EG >> 1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dollars unless otherwise stated. ...
Ali Badr Appointed Chairman of Amerya Petroleum Refining Company
Ali Badr Appointed Chairman of Amerya Petroleum Refining Company EG >> 1/8/2018 - The Minister of Petroleum and Mineral Resources, Tareq Al-Mulla, appoints Ali Fuad Badr as the Chairman of the Board of Directors of Amerya Petroleum Refining Company (APRC).
Egypt Closes in on Energy Hub Goal
EG >> 12/28/2017 - Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub. ...
Agreement between MIIC & EBRD Worth $200M
Agreement between MIIC & EBRD Worth $200M EG >> 12/27/2017 - The Minister of Investment and International Cooperation Dr. Sahar Nasr signed an agreement worth USD 200 million with Director of Natural Resources at the European Bank for Reconstruction and Develop...
Establishing A $100M Synthetic Rubber Factory in Egypt
EG >> 12/21/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received a report from Chemist Saad Helal, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM). The report clarified the pr...
TransGlobe Energy Announces Operations Update
TransGlobe Energy Announces Operations Update EG >> 12/20/2017 - TransGlobe Energy Corporation (TransGlobe) (TGL) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. ...
TGS & Schlumberger Announce New 2D Multi-Client Project in Egypt
TGS & Schlumberger Announce New 2D Multi-Client Project in Egypt EG >> 12/20/2017 - TGS-NOPEC Geophysical Company (TGS) and Schlumberger announced a new 2D seismic project offshore Egypt. ...
Eni Begins First Gas Producing from Zohr
Eni Begins First Gas Producing from Zohr EG >> 12/20/2017 - Eni has produced its first gas from the supergiant Zohr field in a record time for this type of field of less than two and a half years. The discovery, which is located in the Shorouk Block, offshore ...
Maersk Exits Egyptian Drilling Company Joint Venture
Maersk Exits Egyptian Drilling Company Joint Venture EG >> 12/18/2017 - Maersk A/S [A.P. Moller - Maersk] and Egyptian General Petroleum Corporation [EGPC] has signed an agreement whereby EGPC will acquire A.P. Moller - Maersk’s 50 percent shareholding in Egyptian Drillin...
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries EG >> 12/17/2017 - Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday. ...
Egypt's Giant Zohr Gas Field Starts Production
Egypt's Giant Zohr Gas Field Starts Production EG >> 12/16/2017 - Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency. ...
World Bank to Cease Financing Upstream Oil & Gas after 2019
World Bank to Cease Financing Upstream Oil & Gas after 2019 EG >> 12/12/2017 - The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, it said on Tuesday, drawing prais...
Putin, Sisi Set to Finalize $30 Billion Nuclear Deal, Boost Ties
Putin, Sisi Set to Finalize $30 Billion Nuclear Deal, Boost Ties EG >> 12/11/2017 - Egypt and Russia plan to finalize this week a long-awaited deal to build a $30-billion nuclear plant in the North African country, officials with knowledge of the deal said, as the Kremlin seeks to fu...
Egypt Set to Test Output From Giant Gas Field
Egypt Set to Test Output From Giant Gas Field EG >> 12/10/2017 - Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas ...
Experimental Production from Zohr Gas Field to Start Within Days
Experimental Production from Zohr Gas Field to Start Within Days EG >> 12/10/2017 - Egypt's Minister of Petroleum Tarek El-Molla announced on Sunday that experimental production from the Mediterranean Zohr Gas field is set to start in the coming days, Al-Ahram Arabic website reported...
Exxon Eyes Egypt's Offshore Oil and Gas
Exxon Eyes Egypt's Offshore Oil and Gas EG >> 12/4/2017 - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. ...
Petroleum Minister Delivers Egypt’s Speech before OPEC’s Ministerial Meeting
Petroleum Minister Delivers Egypt’s Speech before OPEC’s Ministerial Meeting EG >> 12/1/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources delivered Egypt’s speech before the ordinary Ministerial Meeting of the Organization of the Petroleum Exporting Countries (OPEC) in the...
ABB Central Inverters Power the First Grid Connected Photovoltaic (PV) Power Plant in Egypt
ABB Central Inverters Power the First Grid Connected Photovoltaic (PV) Power Plant in Egypt EG >> 11/28/2017 - ABB partners with Complete Energy Solutions to drive greener energy provision with launch of 20 MW photovoltaic power plant. ABB’s PVS800 central inverters are successfully feeding power to the distri...
El Molla Delivers Egypt’s Speech before 4th Gas Summit in Bolivia
El Molla Delivers Egypt’s Speech before 4th Gas Summit in Bolivia EG >> 11/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources headed Egypt’s delegation in the Ministerial Meeting of the Gas Exporting Countries’ Forum (GECF) in presence of Oil and Energy Ministe...
Discussions with President of the Society of Petroleum Engineers
Discussions with President of the Society of Petroleum Engineers EG >> 11/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Darcy Spady, President of the Society of the Petroleum Engineers (SPE), who is visiting Egypt to witness the progress that...
ADES Awarded 4 Years Offshore Jack-Up Rig Contract in Egypt
ADES Awarded 4 Years Offshore Jack-Up Rig Contract in Egypt EG >> 11/16/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, is...
ADES & Vantage Drilling form JV for Deepwater Drilling Services in Egypt
ADES & Vantage Drilling form JV for Deepwater Drilling Services in Egypt EG >> 11/15/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, is...
Panel Session Dedicated to Egypt in ADIPEC 2017 Conference
Panel Session Dedicated to Egypt in ADIPEC 2017 Conference EG >> 11/14/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in a panel session dedicated to Egypt in Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2017) entitle...
Rosneft Will Invest Over $2B at Zohr Field
Rosneft Will Invest Over $2B at Zohr Field EG >> 11/14/2017 - Russia’s largest oil producer Rosneft will invest more than $2 billion in Egypt’s Zohr gas field in the next four years, the company said in a presentation. ...
Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt
Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt EG >> 11/14/2017 - Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt. ...
Petroleum Minister Participates in the ADIPEC 2017
Petroleum Minister Participates in the ADIPEC 2017 EG >> 11/13/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in the proceedings of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2017) through the Ministeria...
Fugro's Kobi Ruegg Vessel Begins First Project at Zohr Field
Fugro's Kobi Ruegg Vessel Begins First Project at Zohr Field EG >> 11/13/2017 - The newly named MV Kobi Ruegg has joined Fugro’s vessel fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea. ...

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