Egypt

British oil major BP to invest $3.5 bln in Egypt in 3 years: CEO

The British multinational oil major BP said its investment plans with partners in Egypt in the fields of search, exploration and development amount to $3.5 billion over the coming three years.

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ElMolla Inspects Land for New Petrochemical Projects in Alamein

Tarek El-Molla, Minister of Petroleum and Mineral Resources, inspected the land for new petrochemical projects in the industrial zone in the new city of El Alamein.

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Egypt announces new oil discovery in Gulf of Suez

Egyptian petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.

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US energy company Apache Corporation pledges $1.4 bln investments in Egypt next year

The US-based energy company Apache Corporation plans to invest around $1.4 billion in Egypt in 2024, stated John Christmann, CEO and President of Apache parent company APA Corporation, during a meeting with Egyptian Prime Minister Mostafa Madbouly.

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IPR Energy Group Announces Major Discover in Alamein, Western Desert, Egypt

Texas-based IPR Energy Group (IPR) is pleased to announce a major find in the Alamein/Yidma Concession

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BP hands out multi-million deal for mega gas project in Mediterranean Sea

UK-headquartered energy giant BP has hired a compatriot drilling waste management specialist, TWMA, for its large-scale gas project off Egypt. This deal is worth up to $15 million.

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UAE’s Dragon Oil to boost Egypt oil production

Dubai-based Dragon Oil is planning to increase its oil production in Egypt by about 27% to reach 70,000 barrels per day in October

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El Molla Inspects and Inaugurates New Projects at Al-Hamra Petroleum Port

Minister of Petroleum and Mineral Resources, Tarek El Molla, visited El Alamein Al-Hamra petroleum port to inspect and inaugurate several vital projects and initiatives led by the Western Desert Petroleum Company (WEPCO).

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