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Egypt Oil & Gas News

Bilateral Talks with World Bank’s Director for Energy and Extractive Global Practice
Bilateral Talks with World Bank’s Director for Energy and Extractive Global Practice EG >> 9/20/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Lucio Monari, Director for Energy and Extractive Global Practice in the World Bank. They reviewed, during the meeting, sta...
Egypt to reduce LNG imports as Zohr gas field nears production: Ministry official
Egypt to reduce LNG imports as Zohr gas field nears production: Ministry official EG >> 9/18/2017 - Egypt is planning to reduce its liquified natual gas (LNG) imports in the fiscal year 2017-18 thanks to expected production from the Zohr gas field, restricting LNG imports to 80 shipments worth $1.8 ...
Bilateral Talks with CEO of ARAMCO
Bilateral Talks with CEO of ARAMCO EG >> 9/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Ibrahim Gassem Al-Buainain, President and CEO of Aramco Trading, a subsidiary of Aramco Global during his visit to Egypt i...
Baker Awarded Subsea Contract for Zohr Gas Field
Baker Awarded Subsea Contract for Zohr Gas Field EG >> 9/9/2017 - In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a major subsea contract from Petrobel for phase tw...
Apex International Signs Two Concession Agreements in Egypt
Apex International Signs Two Concession Agreements in Egypt EG >> 8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Meleiha (2,535 km 2) concessions, located in the prol...
Egypt Signs Oil and Gas Exploration Deals with Shell & Apex
EG >> 8/29/2017 - Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million in total with Royal Dutch Shell and the U.S.-ba...
Egypt Signs 3 Upstream Agreements with Apache & Merlon
Egypt Signs 3 Upstream Agreements with Apache & Merlon EG >> 8/26/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 new agreements to explore for Petroleum and Gas in the Egyptian Western Desert between the EGPC and the U.S. companies Apache ...
Carbon Holdings to Start Building Tahrir Petrochemicals Project by June
Carbon Holdings to Start Building Tahrir Petrochemicals Project by June EG >> 8/25/2017 - Egypt’s Carbon Holdings aims to finalize funding and start building its massive Tahrir petrochemicals project by June, producing raw materials desperately needed to boost the country’s industrial sect...
EBRD & Proparco Sign 1st Projects under Egypt Renewable Energy Framework
EBRD & Proparco Sign 1st Projects under Egypt Renewable Energy Framework EG >> 8/21/2017 - Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution...
EBRD & Green Climate Fund to Support Major Renewable Energy Project
EBRD & Green Climate Fund to Support Major Renewable Energy Project EG >> 8/17/2017 - The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are teaming up to make a major contribution to a US$ 1 billion renewable energy project in Egypt. ...
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...

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