Egypt settles oil partners’ arrears, paving way for renewed crude output growth
Egypt has fully settled outstanding dues owed to oil and gas investment partners, restoring investor confidence and helping the country’s crude oil production return to a growth trajectory after years of decline, Minister of Petroleum and Mineral Resources Karim Badawi
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$44m allocated to upgrading Egypt Upstream Gateway under extended agreement with SLB
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a three-year extension to the Egypt Upstream Gateway (EUG) contract between Salah Abdelkerim, CEO of the Egyptian General Petroleum Corporation (EGPC), and Sherif Bayoumi, Country Manager of Schlumberger