A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

The amendment agreement with North Amriya Offshore Concession Agreement will contribute to the development of a number of discoveries through an integrated project which includes drilling 4 wells and connecting them to the facilities of Abu Qir Company.

During the meeting, El Molla pointed out the launch of an ambitious plan to start early production of commercial gold detection in the Iqat area in the eastern desert of Egypt during the coming period in light of the high possibilities of the gold extraction rate of discovery, where the average concentration of gold is 1.5 grams per ton.

During the meeting the two ministers discussed a number of issues of joint cooperation within the framework of the EMGF.

The energy ministers participating in the EMGF showcased the outcomes of the first phase of the Forum's long-term strategy, which reflects the basic objectives presented in the charter. Furthermore, the ministers confirmed the importance of natural gas during the energy transition as the least carbon-intensive fossil fuel.

On the sidelines of the Sixth Ministerial Meeting of the Eastern Mediterranean Gas Forum (EMGF), Minister of Petroleum and Mineral Resources Tarek El Molla held bilateral talks with his Greek counterpart Costas Skrekas, during which they discussed ways to expand cooperation in the field of oil and gas to achieve mutual benefits for both sides.

During the sixth ministerial meeting of the East Mediterranean Gas Forum (EMGF), Minister of Petroleum and Mineral Resources Tarek El Molla showcased the forum’s accomplishments in the past three years.

Choosing Mobarez reflects the confidence of the EMGF’s members in the Egyptian candidate.

Orascom Construction PLC announced that it has joined the Green Hydrogen Consortium with Fertiglobe , Scatec and The Sovereign Fund of Egypt to develop Egypt’s first green hydrogen production facility.

The meeting took place on the sidelines of the sixth ministerial meeting of the East Mediterranean Gas Forum (EMGF) which will be held in Cairo on November 25th.