Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, stated that the Ministry’s strategy is being implemented to increase oil and gas discoveries especially in the Western Mediterranean, according to the Kelma Akhira program presented by Lamees El Hadidi.

Naftogaz Group ramped up oil production from its assets in the Western Desert of Egypt by more than 20% or 600 barrels per day (bbl/d), a press release reported.

Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of a memorandum of understanding (MoU) between Petrojet and the Spanish company Tecnicas Reunidas (TR) to cooperate in designing, supplying, and manufacturing heat transfer equipment used in components of petroleum projects, according to press release.

Minister of Petroleum and Mineral Resources, Tarek El Molla met with the Canadian Ambassador to Cairo, Louis Dumas to enhance mining sector and review the latest development of the Canadian companies in the field of oil, gas, mining, and petrochemicals in Egypt, according to press release.

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

President Abdel Fattah Al-Sisi expressed his support for Eni’s endeavors to expand its investments in Egypt in the field of exploration and production (E&P) to continue the fruitful cooperation between Egypt and Eni, as per the Spokesman of the Egyptian Presidency.

UOG recorded 24% increase to its Abu Sennan Gross 2P Reserves to 16.8 million barrels of oil equivalent (mmboe) from 13.5 mmboe at the beginning of 2020, according to UOG’s press release.

Egypt will implement the Egyptian company for bioethanol to be established on the land of the Egyptian Petrochemical Holding Company (ECHEM) in Damietta Port with about $ 100 million, the press release stated.

Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in United Nations Economic and Social Council (ECOSOC) forum 2021 via video conference which came under the title of Financing for Sustainable Development, the press release stated.

Enppi achieved a great leap in projects with an increase of 50% over 2019, according to press release.