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INVESTMENT successful track record, it has a diversified down- DGE operates 14 development leases in
stream portfolio of 240 fuel retail stations, more the onshore Nile Delta, all with 100% working
Energean plans to than 100 convenience stores, more than 250 interest. In addition, DGE operates the Block
lube changing stations and car washes, as well 6 North El Arish offshore Concession Area
invest $350mn this year as wholesale fuel, aviation fuel and lubricant with 100% working interest. It also owns a 50%
non-operated interest in the Block 3 El Matariya
operations. In addition to introducing the digi-
in Abu Qir concession tally-enabled ADNOC service station offering to Concession Area onshore the Nile Delta. Dana
customers in Egypt, ADNOC Distribution also Gas also has a partial interest in a LPG recovery
London-headquartered oil and gas exploration plans to bring its signature Oasis convenience plant in the Gulf of Suez. As of January 2022, the
and production firm Energean plans to invest store chain to the market. company produced around 27,000 barrels of oil
$350mn this year in its Abu Qir concession in ADNOC Distribution’s expansion into Egypt equivalent per day (boepd) including 130mn
the offshore Mediterranean North of Alexan- is the latest achievement along its international cubic feet per day of dry gas, 2,900 boepd con-
dria, Bloomberg Asharq reported. growth journey. The company opened its first densate and 200 tonnes of LPG.
Energean holds a 100% stake in the conces- service station outside the UAE in 2018 by bna/IntelliNews, 14 February 2023
sion, which it acquired from Italy’s Edison in expanding into Saudi Arabia, where it currently
2019 as part and parcel of a wider purchase of operates 66 sites, Additionally, ADNOC Voyager Egypt expects $1.5bn
the company’s total energy portfolio. Abu Qir is continues to grow the company’s international
the oldest gas production area in the Mediter- footprint, with 25 countries where its lubricant of investments to be
ranean Sea and contains some 88mn barrels of products are marketed.
oil equivalent (boe). Production is expected to bna/IntelliNews, 16 February 2023 pumped into oil and gas
continue until 2033.
Egypt’s natural gas production is expected UAE’s Dana Gas plans to sector in FY 2023/2024
to remain flat around 6.4bn cubic feet (181mn
cubic metres) per day this year but a raft of new invest $100mn in Egypt Egypt expects $1.5bn of investments to be
exploration projects, around 30 new wells the pumped into the oil and gas sector in Fiscal Year
government is planning to drill in the next two over next couple of years 2023/2024, which starts next June, Petroleum
years, should raise output going forward. Minister Tarek El Molla said during the general
bna/IntelliNews, 16 February 2023 UAE-based oil and gas exploration/development assembly of Egyptian Natural Gas Holding Co.
firm, Dana Gas, plans to invest $100mn in Egypt (EGAS).
ADNOC Distribution over the next couple of years, Bloomberg Asharq The oil and gas sector made major strides in
quoted company’s CEO Patrick Allman-Ward the second half (July-December) of 2022. EGAS
completes acquisition as saying. The investments could go towards the assigned nine new concessions in the offshore
development of the company’s existing fields Mediterranean to a number of global explora-
of 50% stake in TEMA in Egypt or in new blocks that the Ministry of tion and development companies.
Petroleum plans to offer in three prospective bid
It brought on-stream 14 new development
ADNOC Distribution has completed the acqui- rounds this year. wells and drilled 13 new wells in the Mediter-
sition of a 50% stake in TotalEnergies Marketing Dana Gas has operated in Egypt through its ranean and the Nile Delta in cooperation with
Egypt (TEME) from TotalEnergies Marketing subsidiary, Dana Gas Egypt (DGE), since 2007 international partners. EGAS’ business devel-
Afrique (TEMA), marking the official entry of and is focused on developing and providing nat- opment plans for FY 2023/2024 include drilling
the UAE’s largest fuel and retail distributor into ural gas and gas liquids, including condensate 16 exploratory wells, developing 31 wells and
the fast growing Egyptian market. and LPG. Since entering Egypt, it has become signing 10 new agreements with international
TEME is among the leading fuel retail the nation’s fifth largest gas producer, the com- partners, as well as completing expansion works
operators in Egypt. With a strong brand and a pany said on its website. in the uses of natural gas in the local market.

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