Egypt

Chevron to pump $3bln into Narges field development over 2 years

The US-based Chevron will inject initial investments worth $3 billion to develop Narges natural gas field in the Egyptian Mediterranean waters during the first half (H1) of 2024

Mwafi: Petrobel Production Exceed 90 mln barrels last year

Khaled Mowafi, Chairman of Belaim Petroleum Company (PETROBEL) announced that his company produced oil, natural gas, butane, and condensates of 93 million barrels of oil equivalent (mmboe) during the fiscal year 2022/23.

Egypt to boost oil and gas production with new Zohr gas field wells

Egypt is set to bolster its oil and gas production with plans to drill multiple new wells in the Zohr gas field throughout 2024 and 2025, according to a statement from the government.

Natural Gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day

Minister of Petroleum and Mineral Resources Tarek El Molla chaired the general assembly of Agiba and Pharaonic Petroleum to approve the results of the work of the fiscal year 2022/23.

Rashpetco, Burullus Gas Sales Reach 187% of the target last year

Rashid Petroleum Company (Rashpetco) and Burullus Gas Company Chairman Mohamed Samir explained that the company has strengthened its exploration efforts to add new production and reserves.

Hydrogen Egypt Aims to Expand in Saudi Arabia at the Beginning of 2024

Hydrogen Egypt is studying a potential expansion in the Saudi market, which constitutes an essential source for providing clean energy supplies to Asian countries.

Egypt sees $2.6bln renewable energy investment in 2023-2024

Egypt is targeting investments of nearly 81.4 billion Egyptian pounds ($2.6 billion) during the current fiscal year and this will boost the sector share in the country energy mix to 11.8 percent at the end of the current fiscal year

Energean start drilling at Hapy concession offshore Egypt

The company is close to farming out 11% of its working interest