Oil & Gas News
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B Investment concludes sale of 6.38% equity in TotalEnergies Egypt
Revenues widened to EGP 1.32 billion in 9M-22 from EGP 112.08 million in 9M-21, the basic and diluted earnings per share hiked to EGP 4.04.
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Badr Petroleum Company produced 9M barrels since 2014
The meeting reviewed the Plan and Budget Assembly of WEPCO and Badr Petroleum Company for the fiscal year 2023/2024.
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Egypt’s president, Romanian PM discuss energy cooperation amid global challenges
Egypt’s President Abdel-Fattah El-Sisi and Romanian Prime Minister Nicolae Ciuca discussed on Monday in Cairo cooperation between the two countries.
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Top 10 Egyptian petroleum companies
Both state-owned and private companies are active in oil and gas exploration and production in Egypt.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
The Damietta plant has exported 7.2mln tons of LNG since its restart in 2021.
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2.24% increase in manufacturing, extractive index during November 2022
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 112.43 during November 2022.
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Egypt government approves 13 oil, gas exploration deals
The areas affiliated with the Egyptian General Petroleum Corporation were within the Western Desert.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
Damietta LNG facility has produced and loaded its 500th shipment of liquefied natural gas since it began operations in 2005.
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Sixty percent of Egypt’s gas exports went to Europe
The Egyptian Ministry of Petroleum announced Egypt has exported 60 percent of its natural gas production to Europe for the first time in history.
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Careem, iCheck, and Cargas partner to convert cars to natural gas with payment facilities
iCheck succeeded in converting 1,000 cars to run on clean energy in Sharm El-Sheikh before COP27.
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ADC, Jordanian-Egyptian Fajr company sign natural gas agreement
The first phase of the deal includes supplying 1,800 dunums of the industrial zone with gas at a capacity of 90,000 cubic metres per hour.
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Khaled Abu Bakr, Executive Chairman, Taqa Arabia: Interview
The Egyptian gas network is considered reliable according to Khaled Abu Bakr. In the interview, he talks about his assessment of the future.
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Egypt's Egas issues two new sell tenders
The Egyptian Natural Gas Holding Company, or Egas, has issued two new sell tenders, as weaker domestic demand continues to drive an export boost.
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Egypt, Italy scale up cooperation to boost LNG exports to Europe
Italy’s Eni produces more than 50% of the Egyptian natural gas, El-Molla said.
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ITFC provided the petroleum sector with $10.8B in finances since 2008
the extended cooperation between the ITFC and the Egyptian General Petroleum Corporation (EGPC) began in 2008 by providing up to $200 million per year
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Natural gas reaches Jazirat El Hamoudi village in Qena
This brings the number of villages that the Haya Karima initiative has helped in Qena to 24.
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Natural gas extended to 24 villages in Qena under ‘Decent Life’
He noted that efforts are underway to extend natural gas to other villages immediately after finalizing sanitation projects.
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Egypt, Azerbaijan to boost bilateral energy cooperation
El Molla reviewed the projects being worked on in the field of petrochemicals in Egypt and the opportunities for investment available in the sector.
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El Molla highlights the ministry’s keenness to resolve complaints
The Ministry of Petroleum and Mineral Resources has achieved response and resolution rates in complaints received by the system since its inception.
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El Sisi holds natural gas talks with Eni’s CEO
From his side, El Sisi urged for the expansion of research, exploration and production activities and efforts.