Oil & Gas News
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BPE Partners okays US$30 mln offer for remaining stakes in TotalEnergies Marketing Egypt
he yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total.
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ExxonMobil secures offshore blocks in Egypt
The two blocks, Masry and Cairo, are located in the outer Nile Delta and cover more than 11,000 square kilometres.
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Egypt’s oil and gas sector is growing despite an economic crisis
In November 2022, BP won two oil exploration blocks offshore the Nile Delta, in the Mediterranean Sea.
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Egypt announces new fuel prices for 2023 within days
The committee issues new fuel prices for 2023, taking into account that the rate of increase or decrease does not exceed 10 percent.
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El Molla reviews progress of ANOPC, MIDOR, WoTech projects
El Molla discussed the completion of the remaining phases for the three projects in terms of the procedures and steps to be taken.
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United Oil & Gas completes drilling of ASW-1X exploration well
The ASW-1X well is located in the Abu Sennan license, onshore Egypt, where the company holds a 22% non-operating interest, and is operated by KEE.
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Egypt’s liquefied natural gas exports register 4.86 mln tons in Jan-Sept 2022
Egypt’s liquefied natural gas exports rose 35.7 percent year-on-year in the second quarter of 2022, recording 1.9 million tons.
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Egypt seeks operating LNG plants at full capacity in 2023
The north African country achieved 53 new oil and gas discoveries in 2022.
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Egypt's liquefied natural gas exports register 4.86M tons in Jan-Sept 2022 - IDSC
Turkey topped the list of countries importing Egypt's LNG as it bought 22 percent of the total exports, followed by Spain then South Korea.
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House of representatives approves license for oil exploration in the western desert
This agreement was issued by Law No. 212 of 2014, and it included provisions, the most important of which is the search area, which is about 2058 km.
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El Molla, Fouad open trial operations of wastewater treatment plant at Al Amal Petroleum
This plant is the first of its kind in efficiency in Egypt and the Middle East which will serve petroleum production and ensure environmental safety.
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El Sisi sets out to turn Egypt from an oil deficit to an oil surplus country
In 2012, Egypt had become a net importer of both oil and gas for the first time in its history, now things are changing.
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El Molla inaugurates automated control room to follow up on refining system
The control room comes within the framework of the Ministry’s work programs towards expanding digital transformation projects in the sector.
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Egypt achieves 53 oil & gas discoveries in 2022
The new discoveries include 42 oil wells and 11 gas wells in the Western Desert, the Suez Gulf, the Mediterranean Sea, and Nile Delta.
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Egypt’s natural gas exports reach $8.4bln in 2022
The Arab world’s most populous nation exported 8 mln tonnes of natural gas during 2022.
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Egypt announces $2.1 billion investment in oil and gas exploration
The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted.
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ADNOC’s acquisition of 50% Total’s fuel stations in Egypt almost complete
Founded in 1998, TotalEnergies Egypt is among the four largest gas station companies in Egypt with 240 stations.
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El Molla announces loan closure for Assiut’s diesel hydrocracking complex project
El Molla confirmed the economic feasibility of this vital project, which serves residents of Upper Egypt.
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El-Sisi follows up on state’s efforts to explore for natural gas, petroleum
During the meeting, El Molla reviewed the current and future investment plans in terms of gas exploration until 2025.
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El Molla signs two CSR agreements funded by Eni
The first agreement is for implementing integrated development for rain-fed communities in Matrouh Governorate.