The number of units benefiting from natural gas services across Egypt increased from 6 million households in 2014 to about 14.2 million housing units in 2023, which will provide this urban service to more than 62 million citizens.
Alexandria Mineral Oils Company (AMOC) production during fiscal year (FY) 2022/23 amounted to about 1.5 million tons of various petroleum products for the local market, especially diesel, butane, and naphtha for the production of gasoline and essential oils.
Following the acquisition of Al Mansouri Petroleum Services Company (AMPS), the Industrialization and Energy Services Company, 'TAQA,' has fortified its footprint in Egypt. This strategic move aims to position Egypt as a regional hub and a robust gateway for expansion into the Middle East and Africa.
Alexandria Petroleum Maintenance Company (Petromaint) has completed all repair work and the trial operation of its heat exchangers, adopting self-implementation systems and in accordance with the manufacturer’s instructions.
Participants in the third session of the Seventh Al-Ahram Energy Conference reviewed the Ministry of Petroleum and Mineral Resources' vision and the petroleum sector’s work plan and activities towards enhancing carbon reduction efforts and energy transformation as priority areas to support Egyptian and global efforts towards confronting the phenomenon of climate change.
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of a memorandum of understanding (MoU) between the United Gas Derivatives Company (UGDC) and the Indian chemical company TCI Sanmar.
During his opening speech at the seventh edition of the Al Ahram Energy Conference, Minister of Petroleum and Mineral Resources Tarek El Molla has reaffirmed that the necessity of achieving energy security as a top priority.
Egypt's petroleum imports decreased by $138.1 million, during fiscal year 2022/23, according to the Central Bank of Egypt's (CBE) Balance of Payment. This comes as a result of a decrease in crude oil imports by $1.2 billion, which is higher than exceeding the increase in imports of both natural gas by $716.3 million and petroleum products be $392.8 million.
Prime Minister Mostafa Madbouly has held a meeting with several ministers and officials, including the Minister of Petroleum and Mineral Resources Tarek El Molla, to review the supply of petroleum products.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with Daniel Yergin, the Vice Chairman of S&P Global and the Co-Chairman of CERAWeek, to explore bilateral cooperation on the current preparations for setting a detailed roadmap to reduce methane emissions in the Egyptian petroleum sector.
