Egypt

Agiba Petroleum Company to pump $500M in Egypt during FY24/25

Agiba Petroleum Company, under the leadership of its Head, Tharwat El Gendy, has announced its intention to inject $500 million into the Egyptian market during the upcoming fiscal year 2024/2025 (FY24/25), as revealed during the company’s general assembly

Nasr Petroleum And GTS Partner For Green Hydrogen Feasibility Study

Nasr Petroleum Company and Global Technical Services (GTS) have entered into a memorandum of understanding (MoU) to conduct a feasibility study on the production of green hydrogen, according to a statement by the Ministry of Petroleum and Mineral Resources of Egypt.

Modern Gas Thrives: Revenue Surges, Safety Prioritized, and Expansion Initiatives Unveiled in 2023

Amidst challenging economic conditions, Modern Gas witnessed a substantial surge in revenue throughout 2023, reporting EGP 2.6 billion during its annual general assembly, graced by the presence of Minister of Petroleum and Mineral Resources Tarek El Molla

Petrojet Achieves EGP 54.6 Billion in Revenues for 2023

Minister of Petroleum and Mineral Resources Tarek El Molla commended Petroleum Projects and Technical Consultations Company (Petrojet) as a symbol of national pride for its significant contribution to vital projects, both domestically and internationally, through the export of specialized petroleum equipment branded with the "Made in Egypt" label

Ministry of Petroleum's Vision Bears Fruit: Enppi's $5 Billion Business Achievements

Minister of Petroleum and Mineral Resources Tarek El Molla has affirmed the tangible outcomes of the development and modernization vision initiated by the Ministry of Petroleum and Mineral Resources (MoPMR) in 2016

Petrobel Aims for $614 Million in Investments for Fiscal Year 2024/25

This announcement was made during the general assembly of Petrobel, presided over by Minister of Petroleum and Mineral Resources Tarek El Molla, where the planning budget for FY 2024/25 was approved.

$535mln Investment Plan Unveiled for Zohr Gas Field Development

This plan includes drilling and completing well Zohr-19, with a focus on meeting international technical and safety standards by the first half of the fiscal year.

Chevron to expands natural gas activities in Egypt's Mediterranean Sea by $60M

Chevron, a US-based company, has revealed its intentions to conduct drilling operations for extracting natural gas from the Nargis 2 field situated in the deep waters of the Mediterranean Sea off the coast of Egypt.