By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Al-Sisi rejects claims of militarising teachers
    Al-Sisi rejects claims of militarising teachers
    September 27, 2023
    Egypt, Switzerland discuss improving economic ties, investment opportunities
    Egypt, Switzerland discuss improving economic ties, investment opportunities
    September 27, 2023
    Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
    Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
    September 27, 2023
    City Farm targets $50m in sales of frozen agricultural products in American market
    City Farm targets $50m in sales of frozen agricultural products in American market
    September 27, 2023
    Smoking alternatives could reduce cigarette use, save lives: NCI study
    Smoking alternatives could reduce cigarette use, save lives: NCI study
    September 26, 2023
  • Politics
    PoliticsShow More
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    September 27, 2023
    Presidential election in Egypt set for 10-12 December
    Presidential election in Egypt set for 10-12 December
    September 25, 2023
    Defence Minister meets NATO Military Committee chief
    Defence Minister meets NATO Military Committee chief
    September 25, 2023
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    September 24, 2023
    Al-Sisi highlights opportunities for mutual benefit with China
    Al-Sisi highlights opportunities for mutual benefit with China
    September 24, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Minister of Petroleum, Apache CEO discuss increasing production in Western Desert
Share
Notification
Latest News
Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
Egypt Politics
Al-Sisi rejects claims of militarising teachers
Al-Sisi rejects claims of militarising teachers
Business
Egypt, Switzerland discuss improving economic ties, investment opportunities
Egypt, Switzerland discuss improving economic ties, investment opportunities
Business
Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
Business
City Farm targets $50m in sales of frozen agricultural products in American market
City Farm targets $50m in sales of frozen agricultural products in American market
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Energy > Minister of Petroleum, Apache CEO discuss increasing production in Western Desert
Energy

Minister of Petroleum, Apache CEO discuss increasing production in Western Desert

Mohamed Adel
Last updated: 2020/02/14 at 8:34 PM
By Mohamed Adel 2 Min Read
Share
SHARE

Egypt’s Minister of Petroleum Tarek El-Molla, discussed with John Christmann CEO and President of Apache, the company’s petroleum exploration and production plans in Egypt’ Western Desert, on Wednesday.

The meeting came on the sidelines of the Egypt Petroleum Show 2020 (EGYPS 2020). Apache is the top producer in the Western Desert.

El-Molla said that Egypt is currently implementing a programme to boost the country’s crude oil production rates, and enhance the efficiency of production performance during the coming period in Khalda Petroleum Company and Qarun Petroleum Company.

Khalda and Qarun Petroleum Companies are joint ventures between Apache and Egyptian General Petroleum Corporation.

 El-Molla added that there is a possibility to achieve oil discoveries in new geological layers and producing unconventional oil through non-traditional techniques, stressing his aspiration to intensify cooperation between the two sides in exploiting such opportunities.

 For his part, Christmann stressed Apache’s commitment to maintain its investments in Egypt and raise the efficiency of operations, and increase production.

 He pointed out that the recently implemented seismic survey programme in the Western Desert showed positive results that reflect promising possibilities of oil discoveries, which could lead to an increased production rate in the near term.

 Apache plans to drill more wells in the Western Desert during the coming period in light of these results, he added.

 Also, on the side-lines of EGYPS, El-Molla met with his Somali counterpart Abdirashid Mohamed Ahmed, where they signed a memorandum of understanding (MoU) to boost oil and gas bilateral cooperation.

The MoU also aims to transfer Egyptian oil and gas experiences to Somalia through establishing cooperation between the oil and mining sector companies in both countries.

El-Molla said that such agreements improve cooperation between Egypt and other African countries, using Egyptian expertise in favour of industrial development efforts throughout the continent and in what also contributes to opening new fields of work for oil sector companies outside Egypt.

You Might Also Like

Eni plans to invest $7.7bn in Egypt’s energy sector

El-Dabaa Nuclear Power Plant: Egypt permits construction of plant’s final unit

UAE oil giant ADNOC acquires 30% stake in Azerbaijan’s offshore gas field

Saudi Arabia, Kuwait reiterate claim to disputed gas field

Power cuts continue in Egypt, as government announces ‘energy-saving plan’

TAGGED: apache, Minister of Petroleum, Western Desert
Share this Article
Facebook Twitter Email Print
Previous Article Cabinet legalised some 1500 churches in Egypt since 2017 
Next Article Egypt prioritises education as main pillar of development: Planning Minister
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
Egypt Politics
Al-Sisi rejects claims of militarising teachers
Al-Sisi rejects claims of militarising teachers
Business
Egypt, Switzerland discuss improving economic ties, investment opportunities
Egypt, Switzerland discuss improving economic ties, investment opportunities
Business
Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?