Gulf Oil and Gas accountACCOUNT

Egypt's Petroleum Ministry & Baker Hughes Sign Cooperation Agreement

Source: Ahram Online 2/13/2018, Location: Africa

Share |
The Egyptian Petroleum Ministry signed an agreement with Baker Hughes, a GE company, to establish an online portal to promote Egypt's oil and gas exploration zones in a bid to attract foreign investments, Al-Ahram Arabic website reported.

As part of the Egypt Portal project, a digital investment map for concession areas in Egypt will be prepared in order to be used to manage tenders.

The agreement was signed between the ministry’s deputy for agreements and exploration Ashraf Farag and Baker Hughes' Vice President for Egypt and South Gulf Ayman Khattab on the sidelines of EGYPS 2018 conference and exhibition.

Egypt’s natural gas production currently stands at 5.5 billion cubic feet per day, according to Petroleum Minister Tarek El-Molla.

BP announced on Monday that production had begun from its offshore field Atoll, seven months ahead of schedule.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Investment News in Egypt >>

Morocco >>  6/11/2018 - The World Bank announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of d...
Algeria >>  6/4/2018 - Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting muc...

Scotland >>  5/30/2018 - First Minister Nicola Sturgeon announced £4.9 million in funding as part of a £31 million investment being made by Baker Hughes, a GE company (BHGE), ...
Angola >>  5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore A...

Egypt >>  5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishm...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.