Gulf of Suez

Egypt announces new oil discovery in south of Suez Gulf producing 2K b/d

Thu, 18 Jun 2020 - 11:46 GMT

The new discovery comes with an initial production rate of 2,000 barrels per day of crude oil, and it is estimated that there are about 70 million barrels of recoverable crude oil.

Oil, gas production 'important' in Gulf of Suez: Minister

Mon, 03 Sep 2018 - 01:46 GMT

The Gulf of Suez amounted to 71,000 crude oil a day, pointing out to a plan to increase the company's production through digging more fields.

Egypt signs new petroleum agreement with BP to explore oil, gas

Mon, 30 Jul 2018 - 10:57 GMT

The agreement was signed by Chief Executive Officer of the Petroleum Authority Abed Ezz al-Ghanim, and Regional President of British Petroleum (BP) North Africa Hisham Makkawi.

Gov't approves execution of additional wind farm in Gulf of Suez

Wed, 11 Apr 2018 - 04:07 GMT

Egypt’s Cabinet approved on Wednesday the request of a consortium to construct an additional 500 MW wind farm in the Gulf of Suez.

Orascom-Engie-Toyota seal financial closure for 250MW wind farm

Mon, 18 Dec 2017 - 12:26 GMT

Total investment in Orascom’s Engie-Toyota Tsushois estimated at $400 million.

Sisi approves loans for 250MW wind farm

Thu, 12 Oct 2017 - 09:43 GMT

The wind farm is developed by a consortium of Egypt’s Orascom Construction, France’s GD France, and Japan’s Toyota.

Agreements signed with Singapore, Vietnam to develop Suez Canal area

Wed, 30 Aug 2017 - 01:51 GMT

In an Asian tour this month, Minister of Investment and Chairman of the Suez Canal Authority targeted signing contracts and MoUs for Suez Canal zone.

Renewable energy entity studies 6 offers for 250MW solar plant

Wed, 30 Aug 2017 - 11:41 GMT

The solar plant is planned to be located in the Gulf of Suez.

Parliament approves 6 bills delegating petroleum minister for exploration deals

Tue, 04 Jul 2017 - 06:04 GMT

The House of Representatives on Tuesday approved six fresh bills delegating the minister of petroleum and mineral resources to sign new exploration deals.

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