Egypt

Egypt Plans $179m Boost for National Gas Network

Egypt is planning to invest 2.8 billion Egyptian pounds ($179 million) in its natural gas network this year.

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Altus Expands Footprint in Egypt with Four New Licenses

The Abu Diwan project, located 30 km north-east of the historic El Sid gold mine, which contributed around 45% of Egypts gold production during the 20th century.

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Egypt Seeks to Support Development Efforts in Iraq as Part of oil-for-reconstruction Deal

Egypt is seeking to strengthen cooperation ties with Iraq via supporting development efforts in the country as part of an oil-for-reconstruction agreement reached between Cairo and Baghdad

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SIDPEC Selects Honeywell to Support Petrochemical Complex Expansion

Honeywell Process Solutions (HPS) announced, on Tuesday, that its technology has been selected by Sidi Kerir Petrochemicals Company (SIDPEC) in the upgrade of the latter production capabilities at its Alexandria petrochemical complex.

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Egypt Set To Launch Next Oil and Gas Auction This Month

Egypt state oil and gas companies are set to launch the country new oil and gas exploration bid round by the end of this month, the petroleum minister said a month after the North African nation signed exploration agreements with international oil majors.

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Petroleum Min. Inaugurates 1st Gas Fueling Stations in Luxor

Minister of Petroleum and Mineral Resources Tarek El-Molla and Luxor Governor Mustafa Alham inaugurated on Saturday the first two integrated fuel stations, providing for the first time services to supply cars with natural gas in Luxor.

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Alexandria Mineral Oils Co. (AMOC) Turns to Loss

Alexandria Mineral Oils Co. (AMOC) suffered a consolidated net loss of EGP 42.562 million during the fiscal year (FY) ended December 31st 2020, according to the company’s February 3rd unaudited financial statements filed to the Egyptian Exchange.

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United to Double Spending in 2021, Driven by Egypt

United Oil & Gas expects production to rise slightly in 2021, while capital expenditure will double primarily as a result of drilling two wells in Egypt.

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