News / Egypt

  • EGPC Renews Oil Import Contract with SOMO 

    EGPC Renews Oil Import Contract with SOMO 

    Tuesday, 15th June 2021

    The Egyptian General Petroleum Corporation (EGPC) renewed its contract with the Iraqi government to import about one million barrels (bbl) of crude oil per month.

  • El Molla Discusses Digital Transformation Plans With Emerson Co.

    El Molla Discusses Digital Transformation Plans With Emerson Co.

    Tuesday, 15th June 2021

    Tarek El Molla, Minister of Petroleum and Mineral Resouces, alongside a delegation from Emerson international company, discussed cooperation plans on digital transformation as well as advanced technological solutions for the petroleum sector.

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 14th June 2021

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

  • Shaker: Green Hydrogen Investments to Reach $3-4 b

    Shaker: Green Hydrogen Investments to Reach $3-4 b

    Monday, 14th June 2021

    Electricity Minister and Renewable Energy Mohamed Shaker hinted that Egypt’s green hydrogen projects could cost about $3-4 billion in the early stages.

  • Madbouly Follows up on Strategic Petroleum Projects

    Madbouly Follows up on Strategic Petroleum Projects

    Sunday, 13th June 2021

    Prime Minister, Mostafa Madbouly reviewed with the Minister of Petroleum and Mineral Resources, Tarek El Molla, a various number of implementing the petroleum ongoing projects, according to a press release.

  • ENAP Appoints New CEO, GM in Egypt

    ENAP Appoints New CEO, GM in Egypt

    Sunday, 13th June 2021

    ENAP has appointed Denisse Abudinén Butto as the new CEO of ENAP Sipetrol and General Manager (GM) at ENAP Sipetrol Egypt branch succeeding the current GM at Egypt Branch, Roberto McLeod, after his retirement.

  • El Molla Discusses Petrochemical Complex Project Plan with Honeywell

    El Molla Discusses Petrochemical Complex Project Plan with Honeywell

    Thursday, 10th June 2021

    Tarek El Molla, Minister of Petroleum and Mineral Resources, received a delegation from the International Honeywell Corporation specialized in providing technical support for petroleum projects, headed by Rajeev Gautam, President and CEO of Honeywell Performance Materials and Technologies (PMT), to review steps that will be implemented in the Red Sea Petrochemical Complex project after signing a land allocation contract in Ain Sokhna, according to a press release.

  • Petrosannan Boosts Oil, Natural Gas Production in FY 2020/21

    Petrosannan Boosts Oil, Natural Gas Production in FY 2020/21

    Thursday, 10th June 2021

    Petrosannan Company, a joint venture (JV) between Naftogaz of Ukraine (NJSC) and the Egyptian General Petroleum Corporation (EGPC) has increased its oil and natural gas production by  20% and 40%, respectively during the fiscal year (FY) 2020/21.

  • Pharos Energy Encounters Oil at Batran-1X

    Pharos Energy Encounters Oil at Batran-1X

    Thursday, 10th June 2021

    Pharos Energy plc encountered oil at Batran-1X exploration well in the Abu Roash Lower “G” (LARG) and the Upper Bahariya (UB) reservoirs in Egypt, according to Pharos Energy’s press release.

  • El Molla: Egypt Develops Strategy for Hydrogen Industry

    El Molla: Egypt Develops Strategy for Hydrogen Industry

    Wednesday, 9th June 2021

    Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt has begun actual steps to enter the hydrogen industry and produce it as a clean source of fuel, highlighting that the ministry is developing the strategy for green hydrogen in Egypt and communicating with countries and international companies to explore opportunities for cooperation in this field, a press release stated.