News / Egypt

MPED: Petroleum Sector Targets Investments of EGP 99.6B during FY 2023/24

The Minister of Planning and Economic Development (MPED) issued a report about the petroleum sector’s investment plan that it aims to invest EGP 99.6 billion in developing the extractions during the fiscal year (FY) 2023/24 including EGP 22.4 billion for oil extraction and EGP 65.4 billion for natural gas extraction in addition to EGP 11.8 billion for other extractions.

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.

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.

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.

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.

Enppi Reports Strong 2023 Results, Secures $5B in Future Contracts

The minister stated that the business results presented by Enppi for the year 2023, and the actual volume of business it has contracted for during the period from 2024 to 2028, amounting to about $5 billion, confirms its benefit from the expertise and specialized capabilities it possesses in achieving this.

Ministries Join Forces to Launch Green Aviation Initiative

Ministers of Petroleum and Mineral Resources Tarek El Molla has held a meeting with other Egyptian ministers at the headquarters of the Ministry of Petroleum and Mineral Resources (MoPMR) in the New Administrative Capital to discuss coordination and cooperation mechanisms to produce sustainable aviation fuel (SAF).

Petroleum Minister Lauds Egypt Gas for its Role in National Projects

At its general assembly on March 9th, Minister of Petroleum and Mineral Resources Tarek El Molla has praised the pioneering role of Egypt Gas in the field of natural gas deliveries and its achievement of the highest rates of implementation at the sector level, Al Ahram Newspaper reported.

Petrobel Targets Investments Worth $614M During FY 2024/25

Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy has stated that his company targets investments of $614 million during the fiscal year (FY) 2024/25.

Petroshrouk Ramps Up Zohr Gas Field with $535M Investment Plan

Petroshrouk Chairman Khaled Mowafy has announced that work is underway on the plan drawn up during the current fiscal year (FY) 2023/24 to implement development operations for the Zohr natural gas field.

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