Egyptian Petroleum Ministry comments on decline in production of giant gas field 'Zohr'

Mon, 22 Apr 2024 - 09:56 GMT

Its reserves were estimated at 30 trillion cubic feet, which made it the biggest gas field in the Mediterranean.

Egypt buys LNG shipment to avoid fuel shortage

Thu, 04 Apr 2024 - 06:13 GMT

Egypt does not own facilities for liquefying natural gas, a process known as liquefaction, having previously operated a floating station in Ain Sokhna for gas imports before 2018. Egypt utilizes gas to fuel power plants as well as for cooling operations.

Agiba Petroleum Company to pump $500M in Egypt during FY24/25

Thu, 21 Mar 2024 - 02:40 GMT

Agiba is aiming for a daily production rate of approximately 30,000 barrels of crude oil and 119 million cubic feet of natural gas during FY24/25.

Egypt aims for $7.5B in foreign investments in oil, gas sector in FY 2024/25

Wed, 21 Feb 2024 - 02:54 GMT

Foreign investments in the sector reached $5.6 billion in 2022/2023, compared to $4.7 billion in prior year.

Oil, gas production in Egypt set to increase with $17B Investments

Mon, 19 Feb 2024 - 05:13 GMT

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the petroleum sector, in collaboration with its global partners, is working to boost production rates and increase oil and gas reserves.

Shell announces new gas discovery in Egypt’s Mediterranean Sea

Tue, 21 Nov 2023 - 07:26 GMT

Drilling activities took place at a water depth of around 250 meters below sea level in the offshore Nile Delta, with primary data confirming the presence of gas-bearing reservoir

Egypt eyes LNG export resumption, navigating energy challenges amid regional turbulence

Fri, 17 Nov 2023 - 03:21 GMT

Egypt relies on imports of Israeli gas to meet a portion of its domestic demand, as well as for re-export purposes.

Egypt expects 30% increase in imports of Israeli gas for export

Sun, 08 Oct 2023 - 01:14 GMT

He added that Egypt's current gas production rate is approximately 6 billion cubic feet per day, and the stability of these rates by the end of the current fiscal year is subject to companies' commitment to implementing field development and growth operations to achieve production targets.

Investments in Egypt's oil & gas sector in 2014-2023 amounts to LE1.2T

Mon, 02 Oct 2023 - 11:11 GMT

The Egyptian government highlighted Monday that LE1.2 trillion had been invested in the oil and gas sector between 2014 and 2023.

Egypt scores successes in petroleum sector, boom in gas exports: Maat Report

Sat, 02 Sep 2023 - 12:59 GMT

The Egyptian state continues its major successes and achievements in the gas and oil file, and this comes at a time when Egypt is seeking to increase its reserves of gas, the demand for which has recently grown, in addition to the efforts of many European countries to secure alternative sources away from Russian supplies.

All you need to know about the solar plant in Al-Hamra Port

Tue, 15 Aug 2023 - 09:50 GMT

Egyptian Minister of Petroleum and Mineral Resources, Engineer Tariq Al-Mulla, inaugurated a number of development, modernized and efficiency-raising projects in some projects in Al-Hamra port, including the solar power plant project.

UAE raises diesel and gasoline prices in July, aligned with international crude oil rates

Sun, 02 Jul 2023 - 12:56 GMT

The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets

Egypt's GAFI, Petrotrade sign cooperation protocol on safe disposal of petroleum waste

Mon, 05 Jun 2023 - 12:07 GMT

GAFI will make it mandatory for the 2,400 oil companies operating in Egypt's investment and free zones to deliver their waste to Petrotrade.

Greece's Mytilineos Holdings aims for investing in Egypt

Wed, 29 Mar 2023 - 02:56 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba held a meeting Wednesday with the representatives of Mytilineos Holdings.

Investments in oil field, gas exploration amounted to LE 18B

Mon, 27 Feb 2023 - 04:10 GMT

This came in Madbouli’s speech during President Abdel Fattah El-Sisi's visit, Sunday, to line up the equipment participating in the implementation of the state's plan for the development and reconstruction of Sinai.

Egypt signs 5 agreements to search for oil, gas with $40M investments

Tue, 14 Feb 2023 - 03:30 GMT

The agreements include an agreement for the Egyptian General Petroleum Co (EGPC) with Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) to search in the south of Ras Qattara in the Western Desert.

Egypt has capabilities to secure part of Europe's gas needs: Min.

Mon, 13 Feb 2023 - 06:48 GMT

Molla referred to Egypt’s liquefaction plants that operate at full capacity and have regional consensus and reliable partners, working in cooperation with them.

EU Commissioner Simson to visit Egypt to discuss energy security

Sun, 12 Feb 2023 - 08:07 GMT

Simson will meet Egyptian Minister of Petroleum Tarek El Molla, of Petroleum and Israeli Minister of Energy Israel Katz to further the implementation of the MoU which was signed in June last year, the statement added.

2nd in less than a week..Egypt announces new gas discovery

Sun, 15 Jan 2023 - 05:53 GMT

This comes less than a week after the announcement of a gas discovery in Egypt by the German company Wintershall Dea, on Thursday, Jan. 12, in one of its concession areas in the Nile Delta.

Eni announces new gas discovery in Egypt

Sun, 15 Jan 2023 - 04:03 GMT

The Nargis-1 well has encountered approximately 200 net feet (61 m) of Miocene and Oligocene gas bearing sandstones and was drilled in 1,014 feet (309 m) of water by the Stena Forth drillship.