Oil & Gas News

Egypt plans to invest $1.2 billion to drill 110 exploratory gas and oil wells during the current FY2024/2025.
15.07.2024 | News by Ahram Online

This significant increase in investment and the prospect of drilling new wells were discussed during the Eni delegation’s visit to Egypt.
11.07.2024 | News by Egypt Today

The agreements included a draft commitment agreement to search for and exploit gas and crude oil in the North Port Fouad offshore area.
11.07.2024 | News by Asharq Al-Awsat

Over the past three years, Egypt has phased out subsidies on most fuel products as part of an IMF-backed economic reform program.
09.07.2024 | News by Asharq Al-Awsat

The meeting, held at the ministry’s headquarters in the New Administrative Capital, focused on addressing challenges in the sector.
08.07.2024 | News by Daily News Egypt

Egypt has received two international shipments of natural gas out of 21 contracted cargoes as part of the country's urgent plan to end power outages.
08.07.2024 | News by Ahram Online

By the third week of July, things will be in order and the national gas network’s stock will be sufficient, Abdel Aziz noted.
04.07.2024 | News by Egypt Oil and Gas

Five Egyptian companies announced plans to form a consortium with a capital of $663 million to import liquefied ethane gas (Shale gas).
03.07.2024 | News by Ahram Online

Sidi Kerir is one of several major companies in the fertilisers and chemicals sector that had to halt production after suffering from gas shortage.
02.07.2024 | News by alarabiya

Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously.
30.06.2024 | News by economy middle east

State-owned Misr Fertilizers Production Company (MOPCO) said on Tuesday it has suspended operations at its three plants.
27.06.2024 | News by Ahram Online

ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt’s Suez Oil Company (SUCO).
25.06.2024 | News by Egypt Oil and Gas

Energean plc has recently announced selling its assets in Egypt, Italy, and Croatia to Carlyle International Energy for $945 million.
Papers by Egypt Business Directory

Egypt's recent tender seeking 17 cargoes of liquefied natural gas (LNG) for delivery during summer months includes a deferred payment of up to 6 mon.
20.06.2024 | News by Zawya

This strategic partnership outlines the framework for collaboration in areas of common interest.
10.06.2024 | News by Zawya

Egypt and Greece have taken significant steps to enhance their cooperation in energy, labor, and trade.
Papers by Egypt Business Directory

Egypt's Purchasing Managers' Index (PMI) for the non-oil private sector reached 49.6 in May, up from 47.4 in April and the highest level since August.
06.06.2024 | News by Ahram Online

The diesel price was kept at 8.25 pounds per liter. The decision takes effect from 8 a.m. (0600 GMT) on Friday.
02.06.2024 | News by Asharq Al-Awsat

The state has drawn up a plan to gradually lift subsidies on fuel and petroleum products by the end of 2025, Hommosany said.
30.05.2024 | News by Egypt Independent

The project, which will cost EGP 1.70 billion (roughly $36 million), is expected to begin operations in phases by the end of 2024.
30.05.2024 | News by Pipeline Journal