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NEWSLETTER
February 19 2019
 
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Summary

  70% Gas Probabilities Discovered in the Red Sea
 
  ENOC Group, Proserv to Establish ENOC Misr JV
     
  CBE to Offer Loans for Turning Vehicles into Gas-Powered Ones
     
  SUMED, ATC Sign Diesel Storage Agreement
     
  ACWA Power to Pay $90 M in Natural Gas Pipeline Construction
     
  Qarun Petroleum to Invest $238 M in 2019/20
 

Agreements

Bid Rounds

   
 
Several MoUs Signed During EGYPS 2019
Minister of Petroleum Tarek El Molla witnessed the signing of multiple MoUs on the sidelines of the EGYPS 2019.
Egypt Announces Winning Bids for 12 New Concessions
Minister of Petroleum Tarek El Molla announced the winners of EGPC and EGAS bid rounds on the sidelines of EGYPS 2019.
   
     
 

Women in Energy

Investments

   
 
EGYPS Promotes Women in Energy Awards
EGYPS Women in Energy Awards recognized women’s continuous efforts in the oil and gas sector under four different categories.
Abu Qir Petroleum Allocates $190 M Investments in FY 2019/20 Budget
The company will drill and complete five development wells, adding around 5,000 boe/d.
   
     
 

Investments

Exports

   
 
Qarun Petroleum to Invest $238 M in 2019/20
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 b/d.
Egypt to Export 550 mmscf/d of Gas via Damietta Plant in April
The Ministry of Petroleum agreed with its foreign partners to compensate for the plant's halting period by deducting amounts from EGAS' profits from the plants re-operations.
   
     
     
   
     
     

Survey

Prices at a Glance

Report

An Overview of Egypt's Petroleum Production in 2018
 
 
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