Egypt

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.

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.

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

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.

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

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).

India to invest $4 billion in production of green hydrogen in Egypt

Indian Ocior Energy company has signed contracts to invest four billion dollars into the production of green hydrogen in the Suez Canal Economic Zone in Egypt, provided that the final contracts for the project are concluded within several months.

German Company Considers Producing Sodium Cyanide in Egypt for Gold Mining

The Egyptian Ministry of Petroleum announced that Germany CyPlus is interested in establishing a new production plant for Sodium Cyanide in Egypt that is used as part of the gold mining and extraction process.