The Arab Republic of Egypt Has Announced the Discovery of Three New Oil and Natural Gas Fields
The authorities of the Arab Republic of Egypt have announced the discovery of three new hydrocarbon fields—including both oil and natural gas reserves—located onshore and offshore. The discoveries were made by the national oil and gas companies Khalda Petroleum Company, Petrobel, and GUPCO (Gulf of Suez Petroleum Company). It is …
Egypt Is Going to Increase Production of Hydrocarbons from 2025
In order to increase hydrocarbon production, Egypt is forced to pay contributions to foreign oil companies to meet its gas needs. Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouli said. The government announced in March …
Egypt Drills New Oil and Gas Wells in Hopes of Moving Away from Energy Imports
Egyptian Oil and Mineral Resources Minister Karim Badawi spoke about a new stage of hydrocarbon exploration in the country, which includes drilling 586 exploratory wells by 2030. It is planned to drill 110 wells by 2026 for $1.2 billion. By 2030, the number of wells should increase to 586, with …
Qatar Energy Spoke About a New Exploration Block in the Mediterranean Sea
The Qatari state-owned energy company QatarEnergy received a new exploration block East Port Said in the Mediterranean Sea as part of a competition held by the Republic of Egypt, the Qatari company reported in a press release. As part of the international tender EGAS 2022, QatarEnergy became the owner of …
Zarubezhneft Won a Tender for Gas and Oil Exploration in Egypt
The country’s authorities announced the results of a tender for the search and development of oil and gas fields in the Mediterranean and Nile Delta regions The Russian oil and gas company Zarubezhneft won the tender for oil and gas exploration announced earlier by the Egyptian Ministry of Petroleum and …
New Oil Field Discovered in the Gulf of Suez
A new oil field has been discovered in the Gulf of Suez, the Egyptian Ministry of Petroleum and Natural Resources said in a statement. “Cheiron has announced the discovery of a new field in the western Geisum Tahuila concession area in the Gulf of Suez,” the ministry said in a …
APA Corporation Will Invest $1.4 Billion in Egypt’s Oil Sector in 2024
Company CEO John Christman said that APA Corporation “looks forward to support in making decisions to continue its involvement in the Egyptian market.” The American company APA Corporation intends to invest about 1.4 billion US dollars to develop projects in oil Egypt in 2024. This was announced by the Cabinet …