Saeed Abdel Moneim, Chairman of Khalda Petroleum Company, has announced that the company will pump investments worth $1.2 billion and drill 42 exploratory wells, in addition to other 81 development wells in the Western Desert during fiscal year (FY) 2024/25.
The Egyptian Cabinet approved five draft laws for licensing to the Minister of Petroleum and Mineral Resources, Tarek El Molla, regarding oil and gas commitment agreements, for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of national and international companies.
Minister of Petroleum and Mineral Resources Tarek El Molla has praised continued cooperation with the House of Representatives' Energy and Environment Committee in facilitating dialogue to boost the oil and gas sector's growth.
Minister of Petroleum and Mineral Resources Tarek El Molla has highlighted the importance of engaging and cooperating with Parliament and the Energy and Environment Committee of the House of Representatives.
Minister of Petroleum and Mineral Resources Tarek El Molla, accompanied by Port Said Governor Adel El Ghadhban, has inspected the Zohr School for Applied Technology for technical secondary education students, in the presence of Talaat Al-Suwaidi, Chairman of the Energy and Environment Committee in the House of Representatives, and members of the committee.
As part of the Ministry of Petroleum and Mineral Resources’ strategy to develop natural gas supply services, the Egyptian International Gas Technology Corporation (Gastec) has signed an agreement with inDrive to promote the services of using natural gas as a clean and sustainable fuel provided by Gastec, within the framework of the inDrive policy to preserve the environment and contribute to reducing pollution and improving air quality.
The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope), Ashraf Bahaa stated that company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that on the completion of its processing, the company will start drilling exploratory drills during Q1 of 2024 costing $150 million.
Creating a tidal wave of technological innovation, Huawei Digital Power has signed several memoranda of understanding (MoU) during the Egypt Energy Show (EGYPES) 2024 to support the digital transformation of the Egyptian petroleum sector.
Minister of Petroleum and Mineral Resources Tarek El Molla has represented Egypt at the ministerial meeting of the Gas Exporting Countries Forum (GECF) in Algeria.
Minister of Petroleum and Mineral Resources Tarek El Molla has commended the achievements of the Gas Exporting Countries Forum (GECF) in boosting the role of natural gas in facilitating the energy transition and emissions reduction.
