
Petroleum Ministry entitles Cairo Arbitration Centre to solve disputes with foreign partners
Exploration site to be withdrawn from contractor if it fails to provide development lease application within 2 years
Exploration site to be withdrawn from contractor if it fails to provide development lease application within 2 years
Exploration bidding in those offshore areas will increase Egypt’s reserves, said El-Molla
The Ministry of Petroleum aims to increase oil production to reduce reliance on imports
This list includes PGS, CGG, KGS, Schlumberger, and Nageco
Ganope Chairman Abu Bakr Ibrahim told Daily News Egypt the new bid is awaiting approvals from the relevant entities regarding the sites, their number, and areas.
The company received seven offers for five exploration sites of approximately 23,200 sqkm with at least $100.3m investments
Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014
Recent fuel price rise may provide incentive for investments in exploration in Egypt
Egyptian petroleum firm planning to produce 31,500 barrels of oil per day from South Valley oil fields, says chairman
Nile Petroleum will become the primary distributor of Shell marine lubricants in Egypt, serving ships passing through the Suez Canal