Chairman of the Board of Directors and Managing Director of the Administrative Capital for Urban Development Company (ACUD) Khaled Abbas has signed a cooperation protocol with Egypt Gas to help connect all residential units located in the first phase of the New Administrative Capital to the natural gas grid.
The Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy have announced the completion of procedures to reduce electrical loads for an additional hour, which was limited to June 4th only, as was scheduled. This load reduction came in light of preventive maintenance work for part of the national gas grid with electricity consumption rates increase, which is caused by rising temperatures.
BMI, the research company affiliated with Fitch Solutions, expects a limited recovery in Egypt's natural gas production by 2% to 60.51 billion cubic meters (bcm) in 2024 from 59.3 bcm in 2023, Al Arabiya citing a report from BMI.
Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the signing of the agreement to establish the African Energy Bank (AEB) between the African Petroleum Producers' Organization (APPO) and the African Export-Import Bank (Afreximbank).
Minister of Petroleum and Mineral Resources Tarek El Molla has attended the founding assembly of the Abu Marawat Gold Mines Company as a joint venture (JV) between the Egyptian Mineral Resources Authority (EMRA) and the Canadian company Aton Resources.
During its plenary session on June 2nd, held under the chairmanship of Counselor Ahmed Saad, First Deputy Speaker of the Egyptian. House of Representatives, the House of Representatives approved a number of draft laws authorizing the Minister of Petroleum and Mineral Resources to search for oil in a number of places.
Minister of Petroleum and Mineral Resources Tarek EL Molla has met with Cheiron Energy CEO David Thomas and his accompanying delegation.
President Abdel Fattah El Sisi has received Prime Minister Mostafa Madbouly, who presented the government's resignation to the President on June 3rd.
The Ministry of Petroleum and Mineral Resources has inaugurated an integrated community project as part of an effort to promote health, education, and economic empowerment in the Wadi Al Qamar - Mix Pumps area in Alexandria.
Minister of Petroleum and Mineral Resources Tarek El Molla has held a meeting with Zac Crouch, Vice President of Baker Hughes for the Middle East, North Africa, Turkey and India, and his accompanying delegation.
