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New oil + gas exploration bid round coming soon
New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new…
Oil Ministry appoints new EGPC chairman
Oil Minister Tarek El Molla has appointed Alaa Al Batal as chairman of the Egyptian General Petroleum Corporation (EGPC), effective…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
EGP 30 bn to be pumped into state-owned oil companies next fiscal year
EGP 30 bn has been earmarked to develop state-owned oil companies in the FY2022-2023 budget, Oil Minister Tarek El Molla…
Mining “cities” and Egypt’s first gold refinery coming soon -El Molla
Egypt plans to develop industrial mining “cities” for the extraction of gold, copper, and phosphate, Bloomberg Asharq quoted Oil Minister…
Egypt scores second major oil agreement in less than a week
Apache-Sinopec JV inks new USD 3.5 bn, 20-year production agreement with the Oil Ministry: The Egyptian joint venture between Nasdaq-listed…
Eni commits USD 1 bn to oil exploration in Suez Gulf + Nile Delta
Eni to invest at least USD 1 bn on oil production in Suez Gulf, Nile Delta: Italian energy firm Eni…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
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