Minister of Petroleum and Mineral Resources Tarek El Molla has confirmed that the petroleum sector strategy attaches utmost importance to social responsibility with the aim of achieving sustainability through cooperation between the sector’s companies and its partners in performing its social role to improve the quality of living conditions of Egyptian society.
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a transfer movement that included a deputy for oversight of foreign and joint companies and general managers for financial affairs of petroleum sector companies.
Minister of Petroleum and Mineral Resources, Tarek El Molla, and Terry He, President of Huawei International for the North Africa Region, witnessed the signing of 3 cooperation agreements and memoranda of understandings (MoUs) between the petroleum sector and Huawei Technologies Egypt.
During the meeting, potential cooperation opportunities between the two countries in the fields of oil, gas and petrochemicals, were reviewed.
The company's general assembly approved an increase in the authorized, issued and paid-up capital, and amending Article 3 of the company's bylaws to add activities related to hydrogen, and the separation and transfer of carbon dioxide, to the activity of the company responsible for activities related to the management and operation of the national natural gas network.
During the ninth Egypt Oil and Gas Convention (EOGC), Minister of Petroleum and Mineral Resources Tarek El Molla has presented the Operational Excellence Awards in three categories.
Minister of Petroleum and Mineral Resources Tarek El Molla has highlighted that the sustainability vision and decarbonization strategy are a priority for the oil and gas industry, which has faced and continues to face great challenges in accessing sustainable energy supplies
The meeting was also attended by the Governor of the Central Bank of Egypt Hassan Abdalla and Minister of Finance Mohamed Maait.
Wintershall Dea has announced that together with the partners that it achieved first natural gas production from its ED2-X well at East Damanhur block in the onshore Nile Delta.
