News / Egypt

El Molla Praises the Center of Excellence for Energy Transition for its Profound Contributions to the Industry

Minister of Petroleum and Mineral Resources Tarek El Molla has lauded the Center of Excellence for Energy Efficiency and Operational Performance for its essential role as the first strategic entity specialized in serving the oil and gas sector as well as the energy-intensive sectors in Egypt and the African continent in promoting the transition to sustainable, low-carbon energy systems.

Petroleum Minister Monitors Progress of New Petrochemical Projects

Minister of Petroleum and Mineral Resources Tarek El Molla has reviewed the progress of new petrochemical projects, emphasizing that the investment map for these projects took into account the addition of new green and environmentally friendly products that would increase total production, which reached more than 4.3 million tons during the last fiscal year.

Egypt to Start Solar Power Station at ASORC

Enppi and Petrojet, the two arms of the petroleum sector in the fields of engineering designs, general contracting and construction, have been assigned the task of implementing the electric power generation station project using solar cells with a capacity of 10 megawatts at the Assiut Oil Refining Company (ASORC).

MoPMR Issues Transfer Movements in PPC

Within the framework of enhancing the occupational safety and health system at the Petroleum Pipelines Company (PPC), the Ministry of Petroleum and Mineral Resources (MoPMR) issued a number of movements in the company.

Cargas Revenues Reach EGP 4B for First Time

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the 29th general assembly meeting of the Natural Gas Vehicles Company (Cargas) to discuss and approve the business results for the year 2023.

New Wells in Burullus Gas Fields to Receive $575M in Investments

The modernization of Burullus gas fields, especially the Phase-9B fields that make a main contribution to production. Samir further mentioned that Phase-10 and Phase-11 are set to have six development wells drilled with investments $575 million. The wells are planned to add around 300 million cubic feet of gas and 500 barrels of condensates to daily production.

Petromaint’s Net Profits Grow by 165% YoY

Revenues also increased to EGP 5.2 billion, compared to EGP 3.7 billion in 2022, an increase of 41%. Additionally, the company’s net profits rose to EGP 342 million, compared to EGP 129 million, an increase of 165% year on year (YoY).

Wadico Total Activity Revenues Reached EGP 712M in 2023

The New Valley Company for Mineral Resources and Oil Clay (Wadico) has held its general assembly meeting to approve the results of the work for the year 2023.

Prime Minister, Petroleum Minister Discuss Petroleum Needs Ahead of Eid al-Fitr

Prime Minister Mostafa Madbouly has met with Minister of Petroleum and Mineral Resources Tarek El Molla to discuss several issues concerning the local market as well as the status of providing its petroleum needs, especially before Eid al-Fitr.

El Sisi Takes Constitutional Oath for New Presidential Term

Egyptian President Abdel Fattah El Sisi has taken the constitutional oath to officially start his new presidential term on April  2nd, according to a statement from the Egyptian Presidency.

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