Minister of Petroleum and Mineral Resources Tarek El Molla has met with Harbour Energy CEO Linda Cook to witness the signing of an agreement for the British company Harbour Energy to acquire the concession areas of the German company Wintershall Dea in Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla has inaugurated two new natural gas filling stations in the Suez Governorate, both of which belong to Gastec.
Minister of Petroleum and Mineral Resources Tarek El Molla has inaugurated the trial run for expansions to increase the refining capacity of the Nasr Petroleum Refinery in Suez to maximize high-value petroleum products with the new condensate distillation project.
ExxonMobil Egypt, in cooperation with the Ministry of Petroleum and Mineral Resources (MoPMR), the Egyptian General Petroleum Corporation (EGPC), and the owners and operators of gas stations bearing the “Mobil” brand, has hosted a conference on digital transformation in the petroleum sector and the efforts made towards implementing sustainable energy solutions. The conference activities focused on discussing advanced technological systems and strategies that pave the way for more efficient and sustainable energy industries in Egypt.
Rosetta for Energy Solutions, a subsidiary of TAQA Arabia specializing in investment, development, and operation of LNG value chains, has announced the signing of a memorandum of understanding (MoU) with Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, specialized in developing, managing, and operating state-of-the-art industrial cities.
ADPORTS, Transmar, and Orascom Construction signed an MoU to develop a green methanol storage and export facility in Egypt. This project aims to supply low-carbon fuel for maritime shipping and potentially establish a global network for clean alternative energy storage.
Prime Minister Mostafa Madbouly instructed Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Finance Mohamed Maait to begin paying 20% to 25% of the Ministry of Petroleum and Mineral Resources' (MoPMR) arrears starting next week, with the late amount being scheduled over a period of time in agreement with foreign partners.
Egypt consumes the equivalent of $55 billion worth of fuel supplies, which is provided by the oil and gas sector annually, at an actual cost ranging between $20-22 billion, Minister of Petroleum and Mineral Resources Tarek El Molla explained in a media statement on the Egyptian television station CBC.
Preliminary analysis indicates gas-initially-in-place (“GIIP”) volumes of approximately 87-129 Bcf1 based on the P90 to P10 range. The well also encountered a possible liquids column of around 55 feet of net pay that requires further analysis.
