Gulf Oil and Gas accountACCOUNT

Petroleum Ministry Signs 7 Gas Exploration Deals Worth $ 975M

Source: www.oilegypt.com 5/23/2020, Location: Africa

The Ministry of Petroleum and Mineral Resources said it signed seven agreements on natural gas exploration with total investments worth 975 million dollars, along with grant agreements estimated at dollars 46 million.

Also, seven others agreements have been initialed with investments worth 690 million dollars, according to a report received by Petroleum Minister Tarek el Mulla from Chairman of the Egyptian Natural Gas Holding Co. (EGAS) Osmaa el Boqaly.

The drilling operations of 10 exploratory wells have been finalized, while a new exploratory well is being drilled with totals investments of dollars 314 million, the reports added.

The EGAS report highlighted the performance of natural gas manufacturing during the current fiscal year 2019/2020, in the the period between July, 2019 till April, 2020, according to a statement issued by the Ministry of Petroleum.

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

Exploration News in Egypt >>

Norway >>  7/8/2020 - Equinor and its licence partners Source Energy AS and Wellesley Petroleum AS have discovered gas and condensate in exploration well 30/2-5 S Atlantis....
Oman >>  7/5/2020 - Tethys Oil is pleased to announce that the Government of the Sultanate of Oman and Tethys Oil has entered into an Exploration and Production Sharing A...

Russia >>  7/2/2020 - Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil re...
Trinidad and Tobago >>  7/2/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to note that the current term of the Goudron Incr...

Algeria >>  7/1/2020 - The Minister of Energy, Abdelmadjid Attar, Sonatrach's CEO, Toufik Hakkar, and Eni's CEO, Claudio Descalzi, met in Algiers to discuss the progress of ...
Norway >>  7/1/2020 - Norway's Ministry of Petroleum and Energy proposes to announce nine areas in the 25th licensing round, divided into eight areas in the Barents Sea and...




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 | 23 | 24 | 25 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.