Egypt receives 4 offers to explore for gold near Sukari mine

Tue, 12 Mar 2024 - 02:58 GMT

Egypt is actively seeking to boost investments in its mining sector, with a specific focus on gold. The country aims to invest one billion dollars in the mining sector by 2030.

Eni to invest $7.7B in Egypt over 4 years

Sun, 03 Sep 2023 - 03:06 GMT

CEO of Eni, Claudio Descalzi, said in a Sunday meeting with President Abdel Fattah el-Sisi that the Italian energy company and its partners will inject new investments worth $7.7 billion over the next four years in Egypt.

Egypt, Greece call on UN to reject energy exploration deal signed by Turkey, outgoing Libyan gov't

Sun, 09 Oct 2022 - 06:00 GMT

The agreement signed by the Libyan outgoing Government of National Unity and Turkey is null and void, the Egyptian and Greek foreign ministers said in a Sunday press conference, calling on the UN to take a “clear stance” on that cabinet.

Eni announces new discoveries in Egypt's Western Desert

Thu, 14 Apr 2022 - 12:16 GMT

These new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures.

Egypt's demarcation of border with Saudi Arabia attracted 3 companies to explore in Red Sea: Min.

Sun, 20 Mar 2022 - 03:24 GMT

He added that these developments came as a reflection of the success of the first phase of seismic search operations in the Red Sea, which were conducted using two-dimensional search technology over an area of ​​11,000 km.

Oil Ministry: Apache to invest $3.5B for exploration works at Western Desert

Mon, 27 Dec 2021 - 03:10 GMT

The Ministry of Oil said the agreement comes as part of joint efforts to develop and modernize the concession areas of Khalda Petroleum Company and Qarun Petroleum Company to achieve the optimum use of investment potentials in the region.

Egypt's House of Representatives passes 10 draft laws on gold exploration, traffic

Mon, 01 Nov 2021 - 07:33 GMT

The House of Representative passed 10 draft laws on Monday regarding gold and mineral exploration and traffic.

Egypt signs 4 contracts with 2nd largest gold exploration company in world

Tue, 27 Jul 2021 - 01:42 GMT

The Egyptian Minister of Petroleum, Tarek El Molla, witnessed the signing of 4 contracts to search for gold between the Mineral Resources Authority and the Canadian Barrick Gold Corporation, with a total investment estimated at $8.8 million.

10 companies place bids in Egypt's gold exploration auction conducted on March 15-July 15

Tue, 19 May 2020 - 03:20 GMT

Sources told Egypt Today that 10 companies purchased the applications of the international gold exploration auction announced by Egypt earlier this year.

Egypt to launch bid round in March for gold exploration in Eastern Desert: official

Sun, 23 Feb 2020 - 11:45 GMT

Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched, the official said.

Oil minister: program to improve crude oil production, make more explorations

Thu, 20 Feb 2020 - 03:54 GMT

The minister said increasing Egypt's oil output tops the ministry's priorities to bridge the gap between production and consumption.

Egypt signs 4 oil, gas agreements with investments of $155M

Thu, 26 Dec 2019 - 09:04 GMT

Egypt signed Wednesday four new agreements to search for oil and gas in the regions of Western Sahara, the Gulf of Suez and the Nile Valley.

Sisi reviews Petroleum Min. strategy, orders to expand exploration

Mon, 09 Sep 2019 - 01:18 GMT

Sisi's instructions come in an effort to transform Egypt to a regional center for the trade of oil and gas in the region, presidential spokesman Bassam Radi said.

Noble Energy contemplates boosting investments in Egypt

Mon, 20 May 2019 - 12:55 GMT

Noble Energy chairman met with President Abdel Fatah al-Sisi in Cairo on Monday.

Business News Wrap-up

Wed, 09 May 2018 - 05:39 GMT

A wrap-up of the most prominent business news of the day.

Gov’t approves deal to explore gas off the coast of northern Sinai

Wed, 09 May 2018 - 02:43 GMT

The agreement involves Italian energy company Eni and the Egyptian Tharwa company.

Petrosilah to invest $55 million in oil exploration during 2018/19

Wed, 25 Apr 2018 - 10:05 GMT

The company succeeded last week to increase its production of crude oil by 1,000 barrels, to render its overall production currently at 7,000 barrels per day.

Royal Dutch Shell to resume deep-water exploration off Egypt

Tue, 17 Apr 2018 - 11:13 GMT

Egypt is looking to production from recently discovered fields to halt energy imports by 2019.

Iraq's oil development contracts may draw 14 bidders

Sat, 14 Apr 2018 - 12:51 GMT

Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25.

Egypt’s natural gas production rises to 3.4M tons in December 2017

Tue, 06 Mar 2018 - 09:07 GMT

Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016.