{"id":660110,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/cabinet-signs-off-on-new-oil-and-gas-agreements-and-more\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"cabinet-signs-off-on-new-oil-and-gas-agreements-and-more","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/cabinet-signs-off-on-new-oil-and-gas-agreements-and-more\/","title":{"rendered":"Cabinet signs off on new oil and gas agreements and more"},"content":{"rendered":"

It was a busy Wednesday at the cabinet:<\/strong> The ministers spent yesterday greenlighting a bunch of draft decisions and agreements across a variety of sectors, according to a cabinet statement<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

#1- Fresh energy agreements<\/strong>:<\/strong> The cabinet approved five concession agreements that will see no less than USD 225.3 mn invested to drill at least 40 wells in areas including the Eastern and Western Deserts. <\/p>\n

The players: <\/strong>The Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Company, South Valley Egyptian Petroleum Holding Company (Ganope), and a number of undisclosed international oil companies.<\/p>\n

#2- Three new logistic zones<\/strong> in the pipeline:<\/strong> The ministers also passed a draft presidential decree allocating land plots in Qena, Matrouh, and Toshka to the General Authority for Land and Dry Ports to set up logistics zones. <\/p>\n

#3- Expanding Safaga Port<\/strong>:<\/strong> The cabinet approved a draft presidential decree allocating state-owned plots in the Red Sea Governorate to the General Authority for Red Sea Ports to carry out planned expansions to Safaga Port. The expansion includes a new multipurpose container terminal and a logistics zone. <\/p>\n

#4- A move to make Egypt <\/strong>greener<\/strong>: <\/strong>The cabinet also passed a draft decision extending the Extended Producer Responsibility \u2014 a policy that makes producers fully responsible for their products throughout their entire lifecycle \u2014 to plastic shopping bags. The draft decision will require manufacturers and importers of plastic shopping bags to track their sales through the National System for Waste Information and Data Management and enhance safe disposal methods. The draft decision will also introduce incentives for importing and producing eco-friendly alternatives.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cabinet approved five concession agreements, that will see no less than USD 225.3 mn invested to drill at least 40 wells<\/p>\n","protected":false},"author":1,"featured_media":660111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[282,93,72,145,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-energy","tag-enterpriseam","tag-logistics","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"899a1e29-2139-4cd2-aec0-2f25c7c30e26","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/544.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet signs off on new oil and gas agreements and more","related_issue":[660089],"teaser":"The cabinet approved five concession agreements, that will see no less than USD 225.3 mn invested to drill at least 40 wells","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.c5f2257c-20d9-4afa-a79e-690d51d9ccda.mp3"},"yoast_head":"\nCabinet signs off on new oil and gas agreements and more - 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\/2025\/02\/06\/cabinet-signs-off-on-new-oil-and-gas-agreements-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet signs off on new oil and gas agreements and more\" \/>\n<meta property=\"og:description\" content=\"The cabinet approved five concession agreements, 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Petroleum Corporation (EGPC) yesterday signed nine oil and gas exploration and production agreements that will see companies invest at least USD 452 mn to drill 38 wells in concessions in the Mediterranean and Western Desert,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/664.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660467,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/12\/intl-energy-players-to-invest-usd-130-mn-in-oil-and-gas-drilling\/","url_meta":{"origin":660110,"position":1},"title":"Int\u2019l energy players to invest USD 130 mn in oil and gas drilling","author":"enterpriseam admin","date":"12 February 2025","format":false,"excerpt":"The companies will drill 10 oil and gas exploration wells in East Port Said and the Western Desert","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633234,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/10\/new-cabinet-approves-energy-agreements-education-amendments-taxation-changes-in-first-meeting\/","url_meta":{"origin":660110,"position":2},"title":"New cabinet approves energy agreements, education amendments, taxation changes in first meeting","author":"enterpriseam admin","date":"10 July 2024","format":false,"excerpt":"The cabinet gave preliminary approval to five new petroleum projects","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\/2024\/7\/782.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629216,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/","url_meta":{"origin":660110,"position":3},"title":"Tharwa Petroleum readies to drill in North Sinai\u2019s Noor concession","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629766,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/cabinet-approves-establishment-of-nuweiba-freezone\/","url_meta":{"origin":660110,"position":4},"title":"Cabinet approves establishment of Nuweiba freezone","author":"enterpriseam admin","date":"1 April 2018","format":false,"excerpt":"CABINET WATCH- The Ismail Cabinet approved yesterday the establishment of a freezone in Nuweiba and will offer investment incentives there including 50% tax cuts for three years. The 1 mn sqm zone is expected to see as much as USD 40 mn in infrastructure-related investment, South Sinai Governor Khaled Fouda\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643111,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/egypt-signs-oil-and-gas-agreements-with-shell-apex\/","url_meta":{"origin":660110,"position":5},"title":"Egypt signs oil and gas agreements with Shell, Apex","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"Apex International, Royal Dutch Shell sign USD 81 mn in exploration agreements: The Oil Ministry signed three oil and gas exploration agreements for 16 new fields in the Western Desert worth at least USD 81.4 mn with Royal Dutch Shell and Apex International Energy, according to Reuters. 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