Egypt

Egypt’s state gas firm to invest $2.6bln in 2024-2025

State-owned Egyptian Natural Gas Holding Company (EGAS) is planning to invest nearly $2.26 billion in the 2024-2025 fiscal year, according to a company report.

Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields

Saudi ADES Holding Company has inked a lengthy agreement to inject $66 million into the oil fields operated by Suez Oil Company (SUCO) and Offshore Shukeir Oil Company Co (OSOCO), both under the umbrella of the Egyptian General Petroleum Corporation

Ministry of Petroleum, Honeywell explore green fuel collaboration

Honeywell is determined to advance this project in Egypt, envisioning it as a springboard for broader local and regional adoption.

Egypt starts repaying up to $1.5bn in oil company arrears, sources say

Egypt has started paying off dues owed to foreign oil and gas companies operating in the country, the government said on Tuesday, with sources saying that up to $1.5 billion had been set aside for the payments.

El-Molla Chairs EPROM's Annual Meeting, Highlights Achievements and Expansion Plans

Minister Tarek El Molla presided over the annual general assembly of the Egyptian Projects Operation and Maintenance Company (EPROM), where the results of the company activities for the year 2023 were approved

Pharaonic Petroleum Achieves 400 mcf/d Natural Gas Production Milestone in First Half of 2023/24

During the Pharaonic Petroleum Company general assembly, Minister of Petroleum and Mineral Resources Tarek El Molla emphasized the significance of prioritizing the exploration of new wells to discover natural gas in the Mediterranean Sea.

Agiba Petroleum Company to pump $500M in Egypt during FY24/25

Agiba Petroleum Company, under the leadership of its Head, Tharwat El Gendy, has announced its intention to inject $500 million into the Egyptian market during the upcoming fiscal year 2024/2025 (FY24/25), as revealed during the company’s general assembly

Nasr Petroleum And GTS Partner For Green Hydrogen Feasibility Study

Nasr Petroleum Company and Global Technical Services (GTS) have entered into a memorandum of understanding (MoU) to conduct a feasibility study on the production of green hydrogen, according to a statement by the Ministry of Petroleum and Mineral Resources of Egypt.