Egypt’s Agiba oil firm hits record output in May ’25
Egypt's Agiba Petroleum Company recorded its highest daily production in May, reaching 44,196 barrels of oil…
Browsing Tag
Oil and gas exploration
Egypt’s Parliament approves state property law amendments
Egypt’s House of Representatives has given final approval to a new government-drafted law aimed at improving the…
Egypt approves R-Factor profitability model to boost energy exploration
Egypt’s Cabinet approved the application of the R-Factor profitability model in selected petroleum agreements on…
Egypt approves $221m petroleum agreements with intl. firms
Egypt's cabinet has approved 5 new petroleum concession agreements between the Egyptian General Petroleum…
Egypt to boost oil stockpile through local production
Egypt’s Minister of Petroleum reviewed the country’s strategic stockpile of petroleum products during a meeting…
Egypt’s petrochemical sector captures 19.3% of total credit portfolio by March…
Egypt’s petrochemical sector has significantly bolstered Egypt's economic growth, capturing 19.3 per cent of the…
Norway oil firms plan 3-year push for Arctic gas
Norway’s oil companies are planning a three-year ramp up in natural gas exploration in the Barents Sea, Reuters…
Egypt awards 4 oil, gas exploration blocks to international firms
Egypt awarded four blocks in an oil and gas exploration bid round to a number of international companies, said the…
Egypt’s GUPCO records $432mln total investment in 2022/23
The Gulf of Suez Petroleum Company (GUPCO) has recorded a total investment of $432 million in field of research,…
Eni unveils new gas find offshore Egypt
Italian energy giant Eni announced on Sunday a significant new gas discovery in the Eastern Mediterranean Sea,…