Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the signing of a memorandum of understanding (MoU) between the Egyptian Gas Holding Company (EGAS) and Chevron to cooperate in the fields of liquefying, exporting, importing, and exporting gas from the East Mediterranean through Egypt.
TransGlobe corporate production remains in line with 2022 annual guidance of 12.4-13.4 million barrels of oil equivalent per day (mboe/d). In Egypt, the company's output, before royalties and taxes, recorded from the beginning of 2022 to date (YTD) an average of 10,189 boe/d.
Minister of Petroleum and Mineral Resources Tarek El Molla has met the CEO of UAE’s Mubadala Petroleum Mansour Al-Hamed to discuss cooperation opportunities and investments in Egypt.
Prime Minister Mostafa Madbouly has met the Minister of Petroleum and Mineral Resources Tarek El Molla to check on the progress of the ministry’s efforts in implementing the presidential directives regarding exploration and production (E&P) operations and petroleum products supplies.
On the sidelines of the East Mediterranean Gas Forum’s (EMGF) ministerial meeting, a roundtable has been held to discuss how to secure energy resources, especially natural gas, and boost carbon removal efforts.
Minister of Petroleum and Mineral Resources Tarek El Molla held talks with a high-level delegation from the US Department of Energy headed by Joshua Volz, Deputy Assistant Secretary for Europe, Eurasia, Africa, and the Middle East, to discuss ways of boosting energy transition and carbon emission reduction.
On the sidelines of the East Mediterranean Gas Forum’s (EMGF) ministerial meeting, Minister of Petroleum and Mineral Resources Tarek El Molla has agreed with the European Commissioner for Energy Kadri Simson to cooperate and follow up on the progress of implementing the tripartite memorandum of understanding (MoU) that Egypt has signed to boost natural gas exports to Europe.
Minister of Petroleum and Mineral Resources Tarek El Molla accompanied a number of international and local officials to tour the Damietta LNG complex and production facilities at the onshore treatment plant Zohr field gases in Port Said.
The signing of the two agreements aligns efforts to decarbonize the energy sector in Egypt, within the framework of Egypt's preparation to host COP 27.
Egypt's petroleum exports contributed to the decline in the value of the deficit in the country's trade balance during the first quarter of 2022 to $7.4 billion, down by 33.7% on an annual basis from $11.16 billion in Q1 2021, according to Al-Sharq's calculations.
