Minister of Petroleum and Mineral Resources Tarek El Molla praised the Petroleum Pipeline Company's (PPC) pivotal role in developing the national oil transportation network, which supplies consumers with their needs and provides the ability to transport and distribute fuel efficiently and flexibly.
Petrogas Chairman Nabawy Mahmoud has stated that his company provided the domestic market needs of butane during the fiscal year (FY) 2022/23, amounting to 3.52 million tons which decreased by 2.9% compared to the previous FY.
Cairo Oil Refining Company's (CORC) Chairman Wael Rizk reviewed the key performance indicators during the year, noting that the amount of crude oil that was refined amounted to about 8.4 million tons at the company’s refineries in Mostorod and Tanta.
The Chairman of Nasr Petroleum Company (NPC) Mohamed Abdullah has announced that the company pumped EGP 1.5 billion as part of its investment plan during the fiscal year (FY) 2022/23 to establish a number of projects aiming to update the operation system and enhance efficiency.
The General Authority of Suez Canal Economic Zone's (SCZONE) Chairman Waleid Gamal El-Dein has met with a business delegation from the Czech Republic, in the presence of the Czech Ambassador, Ivan Jukl, at the Authority’s headquarters in the New Administrative Capital.
In its meeting No. 257, the Cabinet approved granting a golden license to the Egyptian Natural Gas Company (GASCO), regarding a project to increase the capacity of the Western Desert Gas Complex with a fourth production line with a design capacity of 600 million cubic feet per day (mcf/d), on an area of about 33 acres in the Industrial Nahda Zone.
In its meeting No. 257, the Cabinet approved a draft law authorizing the Minister of Petroleum and Mineral Resources Tarek El Molla to contract with the Egyptian General Petroleum Corporation (EGPC) and Lukoil Overseas Egypt.
Prime Minister Mostafa Madbouly chaired the meeting of the “Ministerial Committee for the Unification of China”, in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy; Tarek El Molla, Minister of Petroleum and Mineral Resources; Mohamed Maait, Minister of Finance; and Yasmine Fouad, Minister of Environment.
BG International Limited, subsidiary of Shell plc., signed a Farm Out Agreement (FOA) with KUFPEC Egypt Limited (KEL), subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC).
Prime Minister Mostafa Madbouly chaired the first meeting of the National Green Hydrogen Council to present the executive status of green hydrogen projects.
