• Crude Oil (WTI) 72.07 USD/bbl +1.27%
  • Crude Oil (Brent) 76.00 USD/bbl +1.40%
  • NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
  • OPEC Basket Price 76.06 USD/bbl -0.41%
The Minister of Petroleum and Mineral Resources

El Molla Hails Women's Role in Petroleum Sector

Minister of Petroleum and Mineral Resources Tarek El Molla has praised the significant role of women in the petroleum sector's many achievements, as they take over leading positions within the industry.

Egypt

Modern Gas Revenues Reach EGP 2.6B in 2023

Modern Gas has held a general assembly to present the results of its work for the year 2023 in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla.

Planning budget FY 2024/25

EGAS to Establish Seven Projects, Adding 20 Developmental Wells to the Production Line During FY 2024/25

Egyptian Natural Gas Holding Company (EGAS) Chairman Magdy Galal has announced that his company aims to establish seven developmental projects and put 20 developmental wells on the production line during the fiscal year (FY) 2024/25.

ExxonMobil Makes New Discovery Offshore Guyana

ExxonMobil Guyana has announced a new discovery at Bluefin in the Stabroek block, located offshore Guyana, marking the company's first discovery of 2024 and adds to the more than 30 discoveries already made on the Stabroek block since 2015.

Italy's Saipem to Develop CO2 Offshore Transportation, Storage Facilities in UK

Saipem has signed a Letter of Intent for the development of CO2 offshore transportation and storage facilities in the UK.

Dollars flow

Positive Signs for Egyptian Economy as Dollar Demand Declines

Minister of Petroleum and Mineral Resources Tarek El Molla has participated in a ministerial economic meeting chaired by Prime Minister Mostafa Madbouly who announced positive indications for the dollar flow in the Egyptian market.

Egypt

Petrojet's Revenues Hit EGP 54.6B in 2023

Minister of Petroleum and Mineral Resources Tarek El Molla has praised the Petroleum Projects and Technical Consultations Company (Petrojet) as a source of national pride for its success in boosting local contributions to essential projects. It also exports specialized equipment for petroleum projects abroad bearing the “Made in Egypt” logo.

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