Latest in Tag: Ministry of Petroleum Highlight
Latest in Tag: Ministry of Petroleum
ECHEM ongoing investments surpasses $2bn mark: Ministry of Petroleum
This came during ECHEM’s general assembly to approve the financial results for the fiscal year (FY) 2018/19.
IFC, Ministry of Petroleum help boost critical energy infrastructure in Egypt
The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the eastern Mediterranean region as well as improve its energy infrastructure. The IFC signed a memorandum …
“Global company to draft new terms to benefit from Egypt’s mining wealth”: official source
Ministry of petroleum succumbed to investors to amend terms of gold exploration
Exploration drilling in Nour field begins in September
A source at the Ministry of Petroleum said that the Italian company Eni and Tharwa Petroleum Company will begin digging the first exploration well of the Nour gas field in the concession area in the Mediterranean after obtaining the necessary approvals from the Ministry of Petroleum. Drilling is expected to begin in mid-September
A billion cubic feet of oil produced by Abu Qir Petroleum last year
According to the chairperson of Abu Qir Petrolium, Alaa Eldin Fathi, the total production of the company during the last fiscal year amounted to 66 billion cubic feet of natural gas and 1.2 million barrels of crude oil and condensates, according to a statement from the Ministry of Petroleum on Monday. Fathi stated that the …
Investments in power strategy amount to $75bn until 2022
Plan production projects, transmission, and distribution of electricity cost $45bn
Egypt will receive oil shipments from KSA late March: El Molla
Aramco stopped supplying Egypt with oil six months ago
PricewaterhouseCoopers, MCK, Ernst & Young are competing to develop a strategy to restructure Ministry of Petroleum
The ministry is intending to exit from non-oil companies, and increase the spaces offered for exploration
As Nooros field reaches record production, BP and Ministry of Petroleum sign 3 concession amendments
BP announced it has signed three concession amendments with the Minister of Petroleum Tarek El Molla for the Temsah, Ras El Barr, and Nile Delta offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros field, where the company recently achieved record production. Hesham Mekawi, regional president of BP North …
Ministry is keen to support development of General Petroleum company: Tarek El Molla
The General Petroleum company drilled 23 new wells, adding new reserves estimated at 10.9m barrels
Egypt negotiates with state-owned foreign companies to supply LNG requirements
Negotiations are with Rosneft, Gazprom, Sonatrach, and PetroChina, in addition to an Omani company, says source
Shell’s dues increase to $1.1bn in return for its share from El-Borollos, Rasheed gas fields
The government is taking its partner’s share, about $50m per month, and does not pay all of it, claims a source
Ministry of Petroleum negotiates supply of 12 LNG shipments with foreign companies
Two additional shipments will be imported monthly during H2 of 2016, says El Molla
Market controlled by expansion in gas imports: Ministry of Petroleum
The Gulf’s support reduced the pressure on the budget and stabilised consumption in factories and homes
Ministry of Petroleum vows to allow BG to export liquefied gas through ADCO
BG withdrew its oil drills from the Borollos field in February before the company was acquired by Shell
Oil company investments worth $7bn for FY 2016/2017
Gas production to increase to 4.5bn cubic feet per day in 2016
Ministry of Aviation’s petroleum dues increased to EGP 7bn by November
Debt increased due to the suspension of payment of the entire value of fuel acquired, in addition to monthly instalments
Alaa Arafa’s Dolphinus signs letter of intent to import gas from Israel
Dolphinus’ is expected to receive 4 BCM of gas per year over 10-15 years with final agreement
How the Ministry of Petroleum overcame Egypt’s energy crisis
$3.6bn of companies’ dues paid to encourage them to produce
EU grants €68m for natural gas delivery to low-income Egyptian households
Grant to support part of the Ministry of Petroleum’s mega project of delivering natural gas to approximately 1.2m households during current FY
Ministry of Petroleum seeks to renew Aramco’s contract for 3 more months
Final agreement was not yet reached with Russian Rosneft on payment facilities, says official
Mac Optic to build petrochemical plant in Gulf of Suez: Vice President
Company signed contracts with Nigerian companies, negotiations underway with Iraqi government for oil supply, says Radwan
Egypt plans to spend $16bn importing petroleum products in FY 2015/2016
EGAS issues second international bid for foreign companies in July
Petroleum, supply ministries cooperate to transform cooking oil into biodiesel
The programme will be applied in all governorates in Egypt, whereby ACPA will be responsible for the transformation process
Egypt, Jordan sign gas sector MoU: Petroleum ministry
Discussions held on expanding Iraqi gas pipelines to reach Egypt through Jordan to benefit from Iraq’s oil and gas supply
Government pays 40% of foreigners’ dues
Decrease of Brent price lowers companies’ investments in Egypt
Government offers tender increasing some public companies’ EGX capital
Some financial experts believe these public efforts are positive and will relieve pressure on the state treasury
No petrol price increase in FY 2015/2016: Petroleum minister
Egyptian citizen’s economic situation does not allow change in prices, says Ismail
Public entities debts to EGPC amount to EGP 195bn by end of January: El Molla
Prime Minister Ibrahim Mehleb formed a committee to fix the current financial issues between the Ministers of Petroleum, Finance, and Electricity.
Petroleum ministry informed ahead of Israel gas negotiations: BG
Arafa held meeting with petroleum officials to discuss importing gas from Tel Aviv to Egyptian plants, official says