News / Egypt

IDM Annual Revenues Reach $98M in 2023

The International Drilling Material Manufacturing Company (IDM) has held its general assembly meeting to approve the results of the company’s work for the year 2023, with the participation of Minister of Petroleum and Mineral Resources Tarek El Molla.

Tanmia Petroleum Achieves EGP 335M in Total Activities Profits in 2023

Tanmia Petroleum Company has held its general assembly meeting in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla to discuss and approve the business results for the year 2023.

El Molla Hails PMS for Remarkable Business Performance During 2023

Minister of Petroleum and Mineral Resources Tarek El Molla has attended the general assembly of Petroleum Marine Services Company (PMS) which reviewed the company's results for the year 2023.

Egypt, Ecuador Explore Joint Cooperation in Oil, Natural Gas

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Denys Toscano Amores, the Ecuadorian Ambassador to Cairo.

Pharos Energy’s Oil Production from Egypt Reaches 1,381 bbl/d in 2023

Pharos Energy plc has announced that it produced 1,381 barrels per day (bbl/d) of oil during 2023, according to results submitted to the London Stock Exchange.

EMC Achieves EGP 8.8B in Revenues in 2023

During the General Assembly, the company’s Chairman, Khaled Ibrahim pointed to the success of EMC in achieving an increase in the volume of revenues and contracts inside and outside Egypt in 2023. This comes as it achieved revenues amounting to EGP 8.2 billion, a 26% increase over the year 2022, and that it provided a volume of contracts amounting to EGP 11 billion, a 15% increase over the year 2022.

El Molla Issues New Transfers for National Petroleum Sector Companies

Minister of Petroleum and Mineral Resources Tarek El Molla has issued a decision of movements, transfers and assignments that included an executive managing director, a deputy, and heads of companies in the petroleum sector.

El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez

Minister of Petroleum and Mineral Resources, Tarek El Molla, and ADES Drilling Company CEO, Mohamed Farouk, witnessed the signing of two agreements for exploratory and production services in some areas of the brownfields in the Gulf of Suez.

El Molla, Honeywell Explore Cooperation in Green Fuel, Emissions Reduction, Capacity Building

Minister of Petroleum and Mineral Resource Tarek El Molla met with a delegation from Honeywell International, headed by Khaled Hashem, the company’s President for the Middle East and Africa region.

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