{"id":579325,"date":"2023-02-02T04:08:31","date_gmt":"2023-02-02T04:08:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/more-golden-licenses-oil-exploration-on-the-cabinet-agenda\/"},"modified":"2023-02-02T04:08:31","modified_gmt":"2023-02-02T04:08:31","slug":"more-golden-licenses-oil-exploration-on-the-cabinet-agenda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/more-golden-licenses-oil-exploration-on-the-cabinet-agenda\/","title":{"rendered":"More golden licenses, oil exploration on the cabinet agenda"},"content":{"rendered":"

<\/a> Cabinet rolls out approvals for<\/strong> four more golden <\/strong>licenses + 13 oil agreements:<\/strong> Prime Minister Moustafa Madbouly and his ministers took steps towards granting more golden licenses and oil agreements at this week\u2019s cabinet meeting, according to a statement<\/a>.<\/p>\n

More <\/strong>golden licenses<\/a><\/strong> to come: <\/strong>The cabinet granted four unnamed companies \u2014 in the logistics, vaccine manufacturing, auto parts manufacturing, and hotel sectors \u2014 initial approval to obtain golden licenses. The companies will get final approval once they act on unspecified comments from cabinet members at the meeting.<\/p>\n

Golden licenses? <\/strong>The license allows investors to obtain a single approval that covers everything from establishing a project, including land allocation and building licensing, through to its operation and management. Golden licenses were late last year awarded<\/a> to nine big-ticket projects including a USD 5.5 bn green ammonia plant in Ain Sokhna. Check out our guide on golden licenses here<\/a>.<\/p>\n

More oil exploration to come: <\/strong>The cabinet approved 13 draft oil agreements for oil exploration in the Western Desert, Gulf of Suez, and the Mediterranean. The exploration rights will go to the Egyptian General Petroleum Corporation (EGPC), EGAS, and a number of unnamed international companies once legislative procedures are completed.<\/p>\n

REMEMBER- <\/strong>EGPC and Brenco just got the green light<\/a> from the House to explore for oil offshore North Sinai.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cabinet rolls out approvals for four more golden licenses + 13 oil agreements: Prime Minister Moustafa Madbouly and his ministers took steps towards granting more golden licenses and oil agreements at this week\u2019s cabinet meeting, according to a statement. More golden licenses to come: The cabinet granted four unnamed companies \u2014 in the logistics, vaccine […]<\/p>\n","protected":false},"author":1,"featured_media":579326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,7135,557,72,2917,7196,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-egas","tag-egyptian-general-petroleum-corporation","tag-enterpriseam","tag-golden-licenses","tag-industry","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"9755455b-f0cb-4f4f-8edd-22aa34892138","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/34.jpg","photo_position":"above","related_issue":[579316],"teaser":"","voice_url":""},"yoast_head":"\nMore golden licenses, oil exploration on the cabinet agenda - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/more-golden-licenses-oil-exploration-on-the-cabinet-agenda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More golden licenses, oil exploration on the cabinet agenda\" \/>\n<meta property=\"og:description\" content=\"Cabinet rolls out approvals for four more golden licenses + 13 oil agreements: Prime Minister Moustafa Madbouly and his ministers took steps towards granting more golden licenses and oil agreements at this week\u2019s cabinet meeting, according to a statement. 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New golden licenses also got the green light.","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1025.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584396,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/egypt-to-ease-payment-terms-for-industrial-land-purchases-plus-bosch-subsidiary-turkeys-beko-get-golden-licenses\/","url_meta":{"origin":579325,"position":2},"title":"Egypt to ease payment terms for industrial land purchases. PLUS: Bosch subsidiary + Turkey\u2019s Beko get golden licenses","author":"enterpriseam admin","date":"30 March 2023","format":false,"excerpt":"Investors will pay a 10% down payment and get a two-year grace period","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/676.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/it-just-got-easier-for-industry-to-get-golden-licenses\/","url_meta":{"origin":579325,"position":3},"title":"It just got easier for industry to get golden licenses","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"It was all about boosting foreign investment at the cabinet\u2019s weekly meeting, where ministers widened the scope of industrial and automotive investment incentives and approved the first land sale in foreign currency to an unnamed Gulf investor.Companies applying for the government\u2019s golden license for industry will no longer need to\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":658914,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/19\/cabinet-greenlights-egp-30-bn-industrial-initiative-grants-two-multi-mn-projects-golden-licenses\/","url_meta":{"origin":579325,"position":4},"title":"Cabinet greenlights EGP 30 bn industrial initiative, grants two multi-mn projects golden licenses","author":"enterpriseam admin","date":"19 January 2025","format":false,"excerpt":"The initiative aims to provide financial facilities for private sector companies to purchase machinery, equipment, or production lines","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668575,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/three-projects-secure-golden-licenses\/","url_meta":{"origin":579325,"position":5},"title":"Three projects secure golden licenses","author":"enterpriseam admin","date":"17 July 2025","format":false,"excerpt":"The new projects span textiles, agrifood, and renewables","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1119.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579325"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579325\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579326"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579325"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579325"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}