Oil & Gas News
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El Molla inaugurates automated control room to follow up on refining system
The control room comes within the framework of the Ministry’s work programs towards expanding digital transformation projects in the sector.
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Egypt achieves 53 oil & gas discoveries in 2022
The new discoveries include 42 oil wells and 11 gas wells in the Western Desert, the Suez Gulf, the Mediterranean Sea, and Nile Delta.
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Egypt’s natural gas exports reach $8.4bln in 2022
The Arab world’s most populous nation exported 8 mln tonnes of natural gas during 2022.
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Egypt announces $2.1 billion investment in oil and gas exploration
The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted.
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ADNOC’s acquisition of 50% Total’s fuel stations in Egypt almost complete
Founded in 1998, TotalEnergies Egypt is among the four largest gas station companies in Egypt with 240 stations.
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El Molla announces loan closure for Assiut’s diesel hydrocracking complex project
El Molla confirmed the economic feasibility of this vital project, which serves residents of Upper Egypt.
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El-Sisi follows up on state’s efforts to explore for natural gas, petroleum
During the meeting, El Molla reviewed the current and future investment plans in terms of gas exploration until 2025.
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El Molla signs two CSR agreements funded by Eni
The first agreement is for implementing integrated development for rain-fed communities in Matrouh Governorate.
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El Molla reviews projects submitted to the Golden Triangle Authority
The meeting witnessed a review and discussion of offers and investment projects submitted to the Authority in the Golden Triangle area.
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El Molla confirms new gas discovery
El Molla said that in cooperation and coordination with Chevron, is working on evaluating the discovery and generating a plan for its development.
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Tag Oil provides update on operations at the unconventional heavy oil Abu Roash
The first stage of operations will involve conditioning the open-hole section of the well with a production liner.
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Copreci to establish first gas safety valve factory in Egypt
The $7.6 million facility will produce 15 million valves a year and is set to start operations in April 2023.
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Molla, Lukoil discuss upping investments in Egypt
Molla stressed the importance of the years-long partnership and cooperation with the giant Russian oil company.
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Energy efficiency is the best way for industry to cut costs and reduce emissions right now
Energy efficiency is our ‘first fuel’ for a decarbonized future.
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Italy's Saipem wins offshore contracts in Guyana, Egypt for around $1.2 billion
The second contract awarded by Petrobel, a joint venture between Eni SpA and the Egyptian General Petroleum Corporation.
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Egypt to host largest edition of EGYPS 2023 to drive global efforts towards sustainable energy
With an inflow of investments projected to expand by $26 billion, Egypt continues to increase its energy exports.
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New ’Narges’ gas field discovered in Egypt’s Mediterranean waters
The new field was named “Narges” and comes after the Zohr field in terms of importance.
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Egypt seals 108 oil, natural gas deals with international companies in 7 years
The average natural gas production of the country reached 6.5 billion cubic feet a day.
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Egypt provides attractive investments climate for oil, gas exploration
El Molla explained that energy security is an important and vital matter, which reflects the importance of efforts to provide attractive investment.
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Egypt burns more heavy fuel oil to free gas for export
The shift towards mazut, which is mostly produced in Russia, allows Egypt to generate electricity more cheaply and export more gas.