Egypt

Minister Tarek El Molla Chairs Sidpec's Successful 2023 General Assembly Meeting

Minister of Petroleum and Mineral Resources, Tarek El Molla, presided over the annual general assembly of Sidi Kerir Petrochemicals Company (Sidpec) to endorse its 2023 operational outcomes.

Khalda Petroleum Unveils $1.2 Billion Investment Plan for Western Desert Expansion

Saeed Abdel Moneim, as Chairman of Khalda Petroleum Company, declared an investment injection totaling $1.2 billion for the fiscal year 2024/25. The initiative includes the drilling of 42 exploratory wells alongside 81 development wells in the Western Desert region.

Egypt's Cabinet approves draft laws on 5 petroleum commitment deals in Western Desert

The first deal will be signed between EGPC, Khalda Petroleum Company (Apache), and Tharwa Petroleum Co to explore and develop oil in Siwa at Western Desert

TAG Oil Targets Egypt's Largest Frack, Eyeing Significant

TAG Oil embarks on Egypt largest fracking operation in the Badr Oil Field, signaling a strategic shift in the global oil landscape with over 500 million barrels at stake.

Ganope Advances Exploration Efforts in Red Sea, Eyes $150 Million Investment in Q1 2024

Ashraf Bahaa, Chairman of the South Valley Egyptian Petroleum Holding Company (Ganope), has announced the commencement of the company second phase in gathering 3D seismic survey data in the Red Sea.

Shelf Drilling Clinches $51M Extension for Rig 141 in Gulf of Suez

Shelf Drilling, a leading entity in offshore rig operations, has recently announced a significant contract extension for its Rig 141, operating in the strategic Gulf of Suez, offshore Egypt.

El-Mulla: Natural gas plays key role in achieving SDGs

Minister of Petroleum and Mineral Resources Tarek el Moulla said natural gas plays an important role as a clean energy source in achieving the United Nations sustainable development goals (SDGs) and meeting the growing global needs of energy.

Egypt signs 7 green hydrogen deals worth a potential $40bn

Over $40 billion of green hydrogen and renewable energy investments could be on the way to Suez Canal Economic Zone after a host of new agreements.