Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields

Wed, 27 Mar 2024 - 03:42 GMT

This comes as part of a consortium partnership with a leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.

Cabinet approves 5 draft laws for oil, petroleum exploitation

Thu, 07 Mar 2024 - 01:38 GMT

Furthermore, these draft laws include authorization for the Minister of Petroleum and Mineral Resources to contract with the EGPC and HBS International Egypt Limited. The aim is to amend the commitment agreement for oil exploitation in the southwestern El Alamein region in the Western Desert.

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.

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 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.