Egyptian Companies Invest $8.1 mln in Gold Exploration

Akh Gold, a subsidiary of Altus Strategies, signed a $4.1m agreement with the Egyptian government to search for gold in nine areas in the Eastern Desert.

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Egypt to Promote Electric Vehicle Deployment

In a step intended to reduce its reliance on fossil fuels, Egypt has decided to promote electric vehicle deployment.

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BP Awards 3D Seismic Imaging Project Offshore Egypt to CGG

French seismic data processing company CGG said Tuesday it had won a contract with BP and its JV Partner Pharaonic Petroleum Co for the 3D seismic imaging of the first OBN survey ever conducted in the Nile delta covering the Atoll and Atoll North fields, offshore Egypt.

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Suez Canal records highest ever annual revenue of $7 bn

Suez Canal Authority announced Monday an all-time revenue record, earning $7 billion during the last fiscal year following a series of toll hikes for vessels transiting the vital waterway.

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Baker Hughes Awarded Flare Emissions Management Contract in Egypt

Project for EGPC is Phase 1 of wider flare recovery initiative in Egypt

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Petrojet Eyes More Cooperation Opportunities With Libya’s NOC

The Chairman and Managing Director of Petrojet Waleed Lotfy has met with the Head of Libya National Oil Corporation (NOC) Mustafa Sunallah and the Project and Maintenance Manager of NOC Najmi Kareem to discuss cooperation opportunities in petroleum projects in Libya during the next period.

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Egypt Ranks Sixth Among World’s Largest Urea Fertilizer Producers

Minister of Petroleum and Mineral Resources Tarek El Molla stated that Egypt comes in the sixth place in the world among the largest producers of urea fertilizer, with a quantity ranging between 6.5 and 7 million tons annually.

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El Molla Praises Efforts of Eni’s Marco Rotondi at Farewell Ceremony

Minister of Petroleum and Mineral Resources Tarek El Molla has hailed the efforts of Eni General Manager in Egypt Marco Rotondi for his work in the Egyptian petroleum sector, noting that Eni is a strategic partnership with Egypt since the 1950s.

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