Mohamed Adel

565 Articles

Latest by Mohamed Adel

Egypt’s ITIDA awards digital signature licences to Fixed Misr, El-Delta Electronic

Agency’s move aims to fast-track adoption of digital signatures across Egypt

Petroleum Minister announces new gold discovery of 1m ounces reserve

The reserve, which has a 95% recovery rate, has one of the highest rates of extraction, and with a total $1bn investment over the next 10 years.

Energean negotiates a new price for Edison asset deal at $284m

Energean will gain operations in Egypt, Italy, UK, Croatia and Malta , while Edison will keep its assets in Algeria and Norway

80% of Karish and Tanin development in Mediterranean completed: Energean

Project begins in Q4 of 2020

Two new gas wells come on stream: Petroleum Ministry

The two wells, Zohr 17 and Baltim South West 7, were put into operation with an average production of 390m cubic feet of gas per day (scf/day) and 1,300 barrels of condensate per day.

US oil plummets below zero for first time, Brent declines to $26 a barrel

Decline proves market is not convinced by OPEC cuts, says former petroleum minister, US oil May delivery cratered by as much as -$37 a barrel.

Petrol prices could see further cut unless Covid-19 impact: source

Egypt imports 50% of its diesel and LPG needs, 25% of petrol

Edison’s oil assets acquisition devalued to $600m after Algerian fields excluded

Procedures for purchasing Edison fields to be completed in 2020

Petroleum Ministry considers gold bid extension due to coronavirus

International bidding interest in Eastern Desert’s gold stores: Source

Misr Petroleum launches sanitizers at low prices to counter coronavirus

Misr Petroleum has priced disinfectants as follows: The Misr Gel sanitizer containing 70% alcohols is priced at EGP 45, size 550 ml.

Oil nears $25 a barrel amid coronavirus pandemic

Price wars will destroy small international oil companies, Osama Kamal

Oil drops below $25/barrel for first time since 2003

Increase in Saudi oil exports leads to excess supply, says Medhat Youssef

$430m in investments this fiscal year: Agiba Petroleum Co.

The company’s production increased to 49,000 barrels of oil, 20m scf gas

Oil declines 22% trading; KSA announces production increase

Global trade war and Coronavirus threaten oil markets: former petroleum minister

Shell considers drilling exploratory gas well at Rosetta field after one-year production halt

Government’s review of gas prices encourages re-exploration in old fields, says Shell Egypt

Eni seeks to export gas from Zohr through Damietta liquefaction plant in 2020

Italian company raises its stake in liquefaction plant to 50%: source

Egypt’s parliament calls on government to reduce gas prices for factories

Egyptian member of parliament believe fair gas prices for factories is $3.5-4.5 per million British Thermal units

Government’s amendment to oil agreements, price review prompt industry to rise again: Shell

Shell Egypt’s total natural gas production level is 350m cubic feet per day, says Moataz Darwish

Egypt, Neptune Energy sign exploration agreement for Gulf of Suez

El-Molla signs $8.5bn petrochemical complex project in new El Alamein

Minister of Petroleum, Apache CEO discuss increasing production in Western Desert

El-Molla, Somali counterpart sign bilateral cooperation MoU

ECHEM, Bechtel sign deal for $6.7bn refinery, petrochemicals complex in SCZone

According to the agreement, the ECHEM will conduct a detailed feasibility study for this giant project in cooperation with a global consultant. Bechtel will provide the necessary financing from banks and international financial institutions.

Mohamed Adel

February 12, 2020

Egypt envisions energy as tool of regional peace, prosperity: El-Molla

On the sidelines of the 2020 Egypt Petroleum Show (EGYPS), El-Molla said Egypt’s call for the establishment of the East Mediterranean Gas Forum aimed at transforming the country into a regional gas centre.