Last Update 9:31
Wednesday, 16 October 2019

Egypt's Petroleum Ministry, Baker Hughes sign agreement to launch online portal to highlight investment opportunities

The online portal will feature a map revealing areas of oil and gas exploration in Egypt

Ahram Online , Tuesday 13 Feb 2018
Egyptian Minister of Petroleum and Mineral Resources Tarek el-Molla (Photo: Al-Ahram)
Views: 3631
Views: 3631
The Egyptian Petroleum Ministry on Tuesday 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. 
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.