The APA-Sinopec joint venture have reached a new production-sharing contract (PSC) in Egypt, which will see more drilling carried out – and more cash returned to the companies.
Tarek El Molla
Baker Hughes has signed a memorandum of understanding with Egypt’s Petrojet, after meeting Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla.
Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion.
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
A number of high-ranking BP executives have held talks with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla amid preparations to begin the Raven project.
Egypt has renewed its push to convert cars to run on natural gas, with Egyptian President Abdel Fattah al-Sisi lending his weight to the drive.
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
A fire on the Shokeir-Mostorod pipeline has been extinguished, although 17 people have been reported as being injured.
Egypt is planning to reduce the number of spot liquefied natural gas cargoes it offers and to negotiate long-term sales deals with customers instead, because of plummeting prices.
Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.