Egypt

Baker Hughes collaborates with Egyptian General Petroleum Corp

Baker Hughes recently signed a Memorandum of Understanding (MoU) at the 2022 Egypt Petroleum Show (EGYPS) with the Egyptian General Petroleum Corp. (EGPC) that aims to establish and drive a flare recovery initiative to support emissions recovery and reduction across Egypt upstream and downstream oil and gas operations

11 agreements, MoU signed on 2nd day of EGYPS 2022

Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of 11 memoranda of understanding and agreements during the activities of the second day of the Egypt International Petroleum Conference and Exhibition (EGYPS 2022)

Dragon Oil makes first oil discovery in Gulf of Suez with estimated reserves at 100 mln barrels

United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said in a statement on Tuesday

Egypt officially joins the International Energy Agency

Egypt has officially joined the International Energy Agency, the organization CEO announced during his speech at the Egypt Petroleum Show 2022 conference in Cairo.

El-Molla: Cairo and Moscow have excellent relations in energy sector

The relations between Egypt and Russia in the energy sector are at a very high level, Petroleum and Mineral Resources Minister Tariq al-Mulla told TASS on the sidelines of the Egypt petroleum show 2022, which is underway in Cairo.

Egypt eyeing 7.5 mil mt/year in gas exports this year, set to add 450 MMcf/d in 2022-23

Egypt expects to export 7.5 million mt/year of gas and LNG by the end of the current financial year in June, as it increases drilling activity and signs exploration agreements to boost its production of the commodity, the chairman of the state-owned gas company EGAS said Feb. 10.

Wintershall Dea Divests its Interest in Suez Gulf Concession

As of 1st January 2022, after 38 years of economic and efficient production from the Gulf of Suez, Wintershall Dea is closing this chapter of its long oil production history in Egypt.

Egypt 2021 petroleum exports revenue increase by 84.3% to $12.9 billion

Egyptian petroleum sector export revenue increased by 84.3% to $12.9 billion in 2021, Petroleum Minister Tarek El-Molla told Reuters on Wednesday, as the value of crude oil, natural gas, petroleum products and petrochemicals exports all rose.