Egypt

Egypt to announce bids for obsolete energy fields by end-February

Published on : 2023-02-19

Egypt will announce details of the first-ever bid for obsolete energy fields by the end of February, Egypt Today reported, citing Petroleum Minister Tarek El-Molla.

The economic model will be determined to increase production from the obsolete fields through unconventional methods and specialised technology to extract the quantities available in these fields, he added.

The rise in global oil prices has encouraged investments in these fields, El-Molla said.

Earlier in the month, the Egyptian Cabinet endorsed 13 draft agreements for oil exploration in the Western Desert, Gulf of Suez, and the Mediterranean.

The exploration rights will be for Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Company and several international companies.

Dana Gas to invest $43mln in Egypt in 2024

Dana Gas will inject investments worth around $43 million into the Egyptian market in 2024, CEO Richard Hall revealed

El-Molla Inaugurates Gold Ores Analysis Facility

Petroleum Minister Tarek El Molla inaugurated a factory specialized in preparing and analyzing samples extracted from mines at the Um Rus Mine area in Marsa Alam.

Egypt, Malaysia to boost cooperation in petroleum field

Cooperation Petroleum Company (Copetrole), a subsidiary of the Egyptian General Petroleum Corporation (EGPC), has signed a cooperation protocol with Petronas to further enhance koint cooperation in the petroleum field, the Egyptian Ministry of Petroleum and Mineral Resources said.