TAQA Arabia Eyes Purchasing Wataniya Stations’ Shares
In light of the governmental IPO listings, which include Wataniya Petroleum, TAQA Arabia has made a non-binding offer to purchase a share of the Wataniya Petroleum stations.
News / Egypt
Madbouly, El Molla Review Petroleum Ministry Activities
El Molla reviewed the development and exploration activities for natural gas, where he explained that a plan is being implemented to drill 45 natural gas wells in the Mediterranean Sea and the Delta with investments of about $1.9 billion.
Madbouly Reviews Indorama’s Proposal to Establish Two Factories
Prime Minister Mostafa Madbouly held a meeting to review a proposal submitted by Indorama Corporation regarding the establishment of two factories for phosphate fertilizers and mineral silicon for the production of solar panels.
El Molla Praises bp’s Investments in the Egyptian Energy Sector
During his meeting with bp CEO Bernard Looney, Minister of Petroleum and Mineral Resources Tarek El Molla lauded the company’s plans to pump large investments with its partners in the field of natural gas in its areas of operation during the next three years.
ADES Reveals IPO Plan, Expected to List 30% Stake on Tadawul
ADES International has announced its plans to float 30% of its share capital on the Saudi Tadawul. The company’s IPO offers 338,718,754 ordinary shares, which will be listed and traded on the Saudi Exchange’s Main Market following the completion of the IPO and listing formalities with the CMA and the Saudi Exchange.
bp to Invest $3.5B in Exploration, Development in Egypt in the Next Three Years
President Abdel Fattah El Sisi met with Bernard Looney, CEO of bp, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources, and Nader Zaki, the company's regional president for the Middle East and North Africa.
El Molla Inspects New Alamein Petrochemical Projects
Minister of Petroleum and Mineral Resources Tarek El Molla has inspected the new petrochemical projects in the industrial zone in New Alamein City for the commencement of the first phase of several essential projects involving the production of metallic silicon as well as soda ash and its derivatives.
El Molla,TransGlobe Discuss Ways for Boosting Investments in Egypt
Minister of Petroleum and Mineral Resources Tarek El Molla met a delegation from TransGlobe Energy headed by George Maxwell, CEO of the company, which carries out research, exploration and production of oil and gas as a major operator in its concession areas in the Eastern and Western Deserts.
IPR Energy Group Announces Major Find in Alamein, Western Desert, Egypt
IPR Energy Group (IPR) is pleased to announce a major find in the Alamein/Yidma Concession, where IPR holds a 100% Working Interest. This unprecedented find encountered 27 ft of net pay in the Lower Kharita reservoir, with an average production rate of 3,300 b/d at 36°API with less than 1% BS&W on a ½ in. choke.
Petrojet Completes TBM Installation for the Metro Line 4 Project
The Ministry of Petroleum and Mineral Resources announced that Petrojet has finalized the installation of the Tunnel Boring Machine (TBM) for the Cairo Metro Line 4 project.
