Egypt

Petroleum Min. Inaugurates 1st Gas Fueling Stations in Luxor

Minister of Petroleum and Mineral Resources Tarek El-Molla and Luxor Governor Mustafa Alham inaugurated on Saturday the first two integrated fuel stations, providing for the first time services to supply cars with natural gas in Luxor.

Alexandria Mineral Oils Co. (AMOC) Turns to Loss

Alexandria Mineral Oils Co. (AMOC) suffered a consolidated net loss of EGP 42.562 million during the fiscal year (FY) ended December 31st 2020, according to the company’s February 3rd unaudited financial statements filed to the Egyptian Exchange.

United to Double Spending in 2021, Driven by Egypt

United Oil & Gas expects production to rise slightly in 2021, while capital expenditure will double primarily as a result of drilling two wells in Egypt.

Petroleum Ministry Aims to Transform Egypt into Regional Energy Hub

Minister of Petroleum and Mineral Resources Tarek El-Molla said on Sunday that the Ministry aims to transform Egypt into a regional hub for trading

Egypt has passed peak of second coronavirus wave

Egypt has recorded a significant decrease in the number of COVID-19 cases, leading officials to believe that the country has passed the peak of the second wave.

Altus Strategies granted licence for gold exploration in Egypt

Mining royalty company Altus Strategies has signed an agreement with the Egyptian Mineral Resources Authority (EMRA) to receive gold exploration licence in the country

ADES Bags Jack-up Rig Deal in Gulf of Suez

Oil and gas drilling rig contractor ADES has secured a new contract for the Admarine 5 jack-up drilling rig

Misr Chemical Ind Obtains a New EGP 130 mln Evaporation Unit

Misr Chemical Industries Company (MICH) is planning to obtain a new Evaporation Unit, worth EGP 90m-EGP 130m, and which increases liquid soda concentration and its volumes by 5%-10%