Egypt

Egypt’s Suez Canal Generates Record $7.9 Bn Revenue In 2022

According to officials, more than 23,000 ships carrying 1.4 billion tonnes of cargo passed through the navigation course in 2022, up from 21,700 ships the previous year

Saipem secures offshore contracts worth $1.2bn in Guyana and Egypt

Saipem has received new offshore contracts worth approximately $1.2bn in total from ExxonMobil Guyana, and Belayim Petroleum Company (Petrobel) in Guyana and Egypt.

TAG oil begins Badr Phase 1 unconventional development

TAG Oil Ltd. provided an operations update as the Company initiates Phase 1 of its strategic development program of the unconventional Abu Roash reservoir in the Badr Oil Field over the first half of 2023.

1.3M ounces of gold Growth in Egypt’s Sukari mine reserves in 2022

Centamin has announced the second year of reserve growth at Sukari, driven by a 33% increase in underground reserves, the company said in a statement.

EGYPT DISCOVERS LARGE GAS FIELD IN MEDITERRANEAN, MINISTER SAYS

Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday.

Molla, Lukoil discuss upping investments in Egypt

Petroleum and Mineral Resources Minister Tarek el Molla discussed with Lukoil’s Vice-President for the Americas, Western Africa and Europe Ivan Romanovsky the company’s projects in Egypt and its investment expansion plans, especially in its concession areas in the eastern and western desert.

bp to explore potential for green hydrogen production in Egypt

bp signed a memorandum of understanding (MoU) with the Government of Egypt under which it will explore the potential for establishing a new green hydrogen production facility in the country.

Egypt: United Oil and Gas spuds ASW-1X exploration well

AIM-listed United Oil & Gas has announced the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.