Egypt

Eni Agrees to Merger of Meleiha and Meleiha Deep Concessions in Egypt

Published on : 2021-06-15

Eni SpA said Tuesday that it has signed an agreement with the Egyptian General Petroleum Corporation and Lukoil PJSC for the merger of two concessions in the country's western desert.

The Italian oil-and-gas major said the concessions of Meleiha and Meleiha Deep will be merged and extended to 2036, with the possibility of a further stretch to 2041.

The new concession, called Merged Meleiha, will be operated by Agiba--the joint venture between Eni's subsidiary IEOC Production BV and the Egyptian General Petroleum Corporation. IEOC holds a 76% interest in the concession, while Russia's Lukoil holds the remaining 24%.

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability

Suez Methanol Derivatives Plant: Powering Egypt's Petrochemical Industry

Minister of Petroleum and Mineral Resources Tarek El Molla conducted an inspection of the ongoing construction of the Suez Methanol Derivatives Plant at Damietta Port.