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.

Egypt’s gas production to reach 6B cubic feet daily by June

Sun, 18 Feb 2018 - 01:03 GMT

Egypt’s natural gas production will reach some six billion cubic feet a day by the end of fiscal year 2017/18, Deputy Chairman of EGAS said Sunday.

EGAS to issue natural gas exploration tender in 9 blocks before June

Thu, 15 Feb 2018 - 02:46 GMT

The Egyptian Natural Gas Holding Company will issue a tender for onshore and offshore natural gas exploration in nine blocks, the company's Vice Chairman said.

Cabinet approves 2 agreements on oil exploration

Wed, 07 Feb 2018 - 04:21 GMT

The Cabinet approved Wednesday two agreements on oil exploration in the Gulf of Suez and the western desert.

Egypt’s arrears to foreign oil companies reach $2.4B: Min.

Wed, 31 Jan 2018 - 11:49 GMT

Egypt owed foreign oil companies operating in the country $2.4 billion by the end of June 2017, Petroleum Minister Tarek el-Molla said Wednesday.

Red Sea oil bids expected in Q1 2018: Minister

Mon, 01 Jan 2018 - 12:13 GMT

TGS and Schlumberger started in December working on their new 2D seismic project on the Red Sea.

New law regulating gas market will attract investment: Molla

Sat, 02 Dec 2017 - 05:07 GMT

Petroleum Minister Tarek el-Molla said that a new law to regulate the activities of the gas market.

One day in Egypt's Ain Sokhna to refresh

Wed, 29 Nov 2017 - 07:34 GMT

If exploration or a short drive for one day is what you are looking for, then Ain Sokhna is definitely your destination.