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El Molla talks potential investments with Norwegian delegation
Petroleum Minister Tarek El Molla discussed potential investment opportunities in oil and gas exploration with a Norwegian delegation, headed by…
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EGAS did not cancel agreements with Dana Gas
EGAS has not frozen or canceled its existing E&P agreements with Dana Gas, a source at EGAS told Al Mal.…
Eni to drill eighth well in Zohr
Eni began drilling the eighth well of the Zohr gas field last week after having completed drilling in seven other…
EGAS looking to borrow EGP 2 bn
EGAS is in talks with domestic banks for an EGP 2 bn loan to cover debt obligations including those to…
Cabinet approves EGP 37 bn loan to fund power grid capacity build-up
The Ismail cabinet reportedly signed off on EGP 37 bn in loans to the Egyptian Electricity Transmission Company (EETC) to…
Bapetco increases Obayed field production to 140k boepd
Production from the Obayed natural gas field in the Western Desert increased to140k boepd the Oil Ministry told Al Masry…
Sandvik announces expansion in Egypt, secures USD 107 mn in contracts
Sweden’s Sandvik Group says it secured “a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik…
Electricity Ministry faces serious liquidity issues, looks to collect EGP 1.2 bn in overdue power bills owed by public sector
The Electricity Ministry is looking to collect the EGP 1.2 bn in overdue power bills owed by public sector companies…
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