Egypt

Egypt to start process of listing military-affiliated “Safi” and “NPC” companies to investors starting 15 March

The Egyptian government announced on Sunday that it would begin listing two military-affiliated National Petroleum Company (NPC) and National Co. for Natural Water in Siwa (Safi) to investors.

TAG Oil Co. Announces Re-Completion of Egyptian Badr Oil Field

Recently, Tag Oil Ltd. announced it has commenced re-completion in the existing vertical well BED 1-7 in its Badr Oil Field in the Western Desert of Egypt.

Energean’s NEA/NI Offshore Gas Project in Egypt Now Online

Oil and gas company Energean said that the first gas had been delivered at North El Amriya and North Idku ("NEA/NI"), in the Mediterranean Sea, offshore Egypt.

UAE, Egypt to develop major green hydrogen project in Mauritania

The UAE is interested in Africa green hydrogen potential, but the lack of development in the country could prove challenging.

El-Molla, Eni official discuss accelerating oil fields development

Petroleum Minister Tarek Molla had talks on Tuesday with Guido Brusco, Chief Operating Officer of Natural Resources on Eni, on means of accelerating the implementation of plans for developing oil fields to increase production.

Egypt: SDX Energy announces reconstitution of South Disouq disposal transaction

SDX Energy has announced that, at the request of the Egyptian Natural Gas Holding Company, its wholly owned subsidiary, Sea Dragon Energy (Nile) B.V., and Energy Flow Global Limited have reconstituted the transaction announced on 1 February 2022.

Egypt Gas’ profits exceed EGP 301m in 2022; dividends proposed

Egypt Gas achieved net profits after tax worth EGP 301.18 million in 2022, higher by 82% year-on-year (YoY) than EGP 165.82 million.

Kima sees higher profits at nearly EGP 604.5m in H1-22/23

Egyptian Chemical Industries (Kima) witnessed an 82% hike in net profit after tax to EGP 604.44 million during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 331.23 million in H1-21/22