Egypt to hedge oil supply during FY2023/2024, finance minister

Wed, 27 Sep 2023 - 03:27 GMT

As one of the few countries to do so, Egypt engages directly in the oil derivatives market to lock in supplies, wrote Bloomberg

SDX Energy sells off Egyptian assets, aims expand operations in Morocco

Tue, 05 Sep 2023 - 01:04 GMT

The company expects to close the transaction by the end of 2023.

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 adopts plan to increase oil domestic production as imports hit 97%

Thu, 09 Feb 2023 - 03:10 GMT

He added that the plan also includes approving the development of oil factories, which are being offered, noting that Egypt's reserves of oils are sufficient for 4.9 months.

Egypt aims to cultivate more than 750K feddans of oil plants to provide oils locally

Tue, 07 Feb 2023 - 12:23 GMT

The government is looking to expand the production of crude oil locally by increasing the cultivation of oil crops, by providing the required seeds, as well as encouraging contract farming with the aim of providing products to citizens.

Egypt to host biggest edition of EGYPS in 2023, driving global efforts towards sustainable energy

Sun, 18 Dec 2022 - 02:19 GMT

The Egypt Petroleum Show (EGYPS) 2023 is held under the auspices of His Excellency President Abdel Fattah El Sisi and with the support of the Ministry of Petroleum & Mineral Resources from 13-15 February 2023.

Oil minister chairs Egypt's delegation to OIF summit in Tunisia

Sun, 20 Nov 2022 - 01:03 GMT

The summit is attended by more than 33 heads of state and government, as well as 80 representatives of regional and international organizations.

Environment Ministry highlights efforts on cutting greenhouse gas emissions at COP27

Sat, 19 Nov 2022 - 11:34 GMT

The program shed light on the ministry’s efforts to cut harmful greenhouse gas emissions and develop plans on facing the negative impacts of the climate changes.

Egypt, Malta probe cooperation in industry of oil, natural and liquefied gas

Wed, 16 Nov 2022 - 03:29 GMT

The meeting was held on the sidelines of the 2022 UN Climate Change Conference, COP27, currently held in Egypt’s Red Sea resort city of Sharm El-Sheikh.

Value of Egyptian non-oil exports drop by 18.3% on YoY basis

Tue, 23 Aug 2022 - 04:12 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released a statement Tuesday detailing the exports, whose value declined in May 2022.

Egypt aims to turn Hamra Port into global center for oil trading.. Is it gateway to Russian exports?

Thu, 04 Aug 2022 - 05:27 GMT

The new expansions of the port aim to increase the storage capacity by adding four storage tanks with a capacity of 630,000 barrels of crude each, to reach a storage capacity of 5.3 million barrels.

Libya’s NOC to resume oil export on July 20

Tue, 19 Jul 2022 - 01:11 GMT

These arrangements have been made in order to resume production operations, NOC added.

Petroleum ministry announces establishment of new oil area in Tibbin

Sun, 12 Jun 2022 - 03:29 GMT

A statement issued by the ministry said the LE 1.8 billion project, called "Modern Area", would help pump crude oil from Ain Al Sukhna to Tibbin area from which it will be distributed to upper Egyptian governorates.

Egyptian oil companies to carry out new projects in Equatorial Guinea

Wed, 08 Jun 2022 - 03:32 GMT

The meeting tackled procedures for activating the memorandum of understanding (MoU) that was signed with Petrojet to implement new petroleum projects in Equatorial Guinea, foremost of which a project to establish a new refinery.

EU supports Egypt to become major hub of energy in Mediterranean, Middle East

Tue, 17 May 2022 - 02:05 GMT

European Union Ambassador to Cairo Christian Berger said Tuesday that the union supports Egypt to become a major hub of energy in the Middle East, North Africa, and Mediterranean.

US calls for "immediate" end to Libya oil shutdowns

Sat, 30 Apr 2022 - 03:35 GMT

The closure of several sites this month, including oilfields and export terminals, has seen Libya’s output halve to around 600,000 barrels per day, Al Arabiya reported.

Russian gov't obliges oil companies to sell more fuel at exchange auctions

Sat, 23 Apr 2022 - 12:18 GMT

"Oil companies will have to sell more fuel at exchange auctions," the Russian cabinet said in a statement carried by Sputnik News Agency on Saturday.