Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state companies, reported Egypt Oil & Gas.
El Molla, also stated that a new plan for infrastructure development will be implemented, developing refineries, such as MIDOR refinery in Alexandria.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has inspected a number of refinery projects in Alexandria.
The Ministry of Petroleum and Mineral Resources, Tarek El Molla, has praised the effective contribution of Gastec to achieve the ministerial strategy of maximizing the utilization of natural gas as fuel.
Iran is planning to exchange crude oil with other raw materials, equipment and investments in order to use the revenue in completing the semi-finished petroleum projects.
El Molla stressed Egypt’s readiness to provide Yemen with all the capabilities needed in order to promote the oil and mining sector, following the challenges it has experienced in recent years.
Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 81.22 | +0.97% |
| Crude Oil (Brent) Brent | USD/bbl | 0.97 | +1.00% |
| NYMEX Natural Gas | USD/MMBtu | 5.70 | +2.04% |
| OPEC Basket Price | USD/bbl | 82.37 | -0.19% |
Last Modified October 14, 2021
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