Egypt poised to achieve surplus of production after meeting the needs of domestic market
Latest by Mohamed Adel
US cuts gas rigs to 144, as production reaches 2.39trn scf
Local market gas needs fall to 6bn scf, says source
Linking 80m cubic feet from the second well in stage 9B, according to industry sources
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
Gas consumption by power plants down by 500m scf/day, say source
Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source
Company sells about 70 kg of gold per month to CBE to increase reserves, says El-Raghy
Egypt’s Enppi helps Aramco repair harmed facilities in Saudi Arabia
Market to face oil glut in coming period, prices to fall under $60: Source
The ministry of petroleum said in a statement that the remaining five wells in the field will be developed during the second quarter of next year.
Four oil discoveries achieved with 2,800 barrels per day production rate, says Abdel Sadik
A source at the Egyptian Natural Gas Holding Company told Daily News Egypt that the consumption of gas stations decreased by about 300m scf/day as temperatures fell and the winter months approached.
Average well production ranges from 75 to 100m feet, according to industry source
Quantities of gas in market more than required, says source
Oil price fell below $60 a barrel, contrary to expectations, according to industry source
Moreover, he said that the average daily production of the company during the year reached 31,700 barrels of oil per day, while the company’s total investment amounted to about $182m.
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Company’s average production reached 162,000 barrels of oil per day, says Mowafi
Concession areas to be withdrawn from investors if they were not committed to exploration plan
Investment in Zohr accounted to $10.6bn so far, says Hassan
Field’s total production to reach about 500m scf/day by 2020
Linking Katameya gas field to production in Q2 of 2020, says Abbady
Domestic production increases by 7bn scf/day end-2019
Egypt, South Sudan own 90% of oil production in Nile Basin
54 gas refuelling stations established in 15 governorates, 50,000 cars to be converted in FY 2019/20
Incentives in new oil agreements to encourage partners, according to industry sources
State revenues from mining activities increase to $60m, says source
About 200m scf/day increase due to high temperature, says source
Decline in oil prices to reduce fuel subsidies to 10% in Q1 of FY 2019/20