News / Egypt

Cabinet Approves Amendments in Two Oil Agreements

The Egyptian Cabinet approved two projects to amend two valid petroleum commitment agreements between the Egyptian General Petroleum Corporation (EGPC) and a number of international and national companies.

El Molla Inaugurates New Natural Gas Car Fueling Stations in Giza

Minister of Petroleum and Mineral Resources Tarek El Molla accompanied by Ahmed Rashid, Governor of Giza, has inaugurated the Gastec - Eni and Cargas - Chillout stations to provide cars with natural gas in the 6th of October City and the Haram area.

Egypt Raises Oil Price Estimates to $85/bbl in 2023/24

Egypt raised its estimate of the price of a barrel of Brent oil in the budget for the current fiscal year (FY) 2023/24 by about 6.25% to $85.

US Ambassador Hails Egypt’s LNG Plants as Key to Europe’s Energy Security

The US Ambassador to Egypt Herro Mustafa Garg has praised the role of the liquefaction  natural gas plants in Idku and Damietta in maximizing the benefits of natural gas.

El Molla Inspects Dahshour Gas Compressor Station’s Expansion Work

Minister of Petroleum and Mineral Resources, Tarek El Molla, inspected the progress of work in the new interchange control center for the National Natural Gas Network in the Dahshur region.

Methanex Egypt Participates in EGYPES 2024 Exhibition and Conference and Competes for the “Talent Program of the Year” Award

Methanex Egypt announces its participation in Egypt Energy Show 2024 (EGYPES), taking place from 19-21 February, under the theme “Driving Energy Transition, Security, and Decarbonization.” Throughout the show, Methanex will highlight its sustainability strategy, which is deeply aligned with the United Nation’s Sustainable Development Goals 2030, in the presence of Brad Boyd, Methanex Corporation’s Senior Vice President for Corporate Resources, who will be attending EGYPES this year.

WEPCO, BAPETCO Review Achievements, Business Plan for FY 2024/25

Ibrahim Massoud, the Chairman of the companies Western Desert Operating Petroleum Company (WEPCO) and Badr El Din Petroleum Company (BAPETCO), has showcased the latest achievements done by the two companies and their business plan for the fiscal year (FY) 2024/25.

GUPCO to Invest $586M, Increase Production to 72,000 bbl/d in FY 2024/25

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly of the Gulf of Suez Petroleum Company (GUPCO) to approve the new investment budget for the next fiscal year (FY) 2024/25.

PETRONAS Egypt Appoints Hany Esmat Ibrahim as New CEO, Country Head

PETRONAS Egypt (PICLE) has announced the appointment of Hany Esmat Ibrahim as its new CEO and Country Head for its operations in Egypt succeeding Shahrizal B Shahari, who has led PETRONAS Egypt successfully for the past four years. The appointment is effective from January 1, 2024.

Petroleum, Environment Ministers Push for CCUS Integration

Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Environment Yasmine Fouad has held a meeting at the headquarters of the Ministry of Petroleum and Mineral Resources in the New Administrative Capital, in the presence of a number of leaders from the two ministries.

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