CAIRO: The Gulf of Suez Petroleum Company (GUPCO) allocated U.S. $35 million for new investments in oil and gas exploring and drilling wells with high standards, said GUPCO CEO Abdel Qader Abdel Elah.
The depth of the well reaches 18,000 meters (...)
CAIRO: Egyptian Minister of Petroleum will launch an international tender in the Nimid area, northeast of the Mediterranean Sea.
Royal Dutch Shell supposedly launched the tender and the Egyptian Ministry of Petroleum will receive the tender (...)
CAIRO: The Egyptian Ministry of Petroleum today unveiled a new plan to encourage investment in petroleum projects in the coming five years, reported Undersecretary Mahmoud Nazeem.
The plan hopes to garner billions of new dollars.
The Ministry (...)
CAIRO: The Egyptian General Petroleum Corporation EGPC is preparing to hold an international auction for foreign companies to search for oil and natural gas in 15 new areas in Egypt.
The depucty chairman of EGPC, Mohammad Shoaib, said the (...)
CAIRO: Several oil companies in Egypt said they will continue investment and production plans despite the country's political uncertainty. They said the production wheel in Egypt is not negatively affected by the political situation.
Oil (...)
CAIRO: The Egyptian Ministry of Petroleum's debts to foreign companies now stand at U.S. $4 billion, senior sources reported today.
Increasing debts in the Egyptian Ministry of Electricity and other governmental authorities, which are now (...)
CAIRO: The Ministry of Petroleum has conducted a study that shows the reasons behind Egypt's decision to export gas to Israel.
The study showed that Israel imported gas from Egypt since 1979 in accordance with the Camp David convention. Before (...)