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.
Prime Minister Mostafa Madbouly witnessed the signing ceremony of the framework agreement between the General Authority for the Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt, The New and Renewable Energy Authority (NREA), Egyptian Electricity Transmission Company (EETC), and C2X.
At ADIPEC 2023, Minister of Petroleum and Mineral Resources Tarek El Molla held talks with Vice President-Head of Global Exploration at ExxonMobil John Ardill to discuss the company’s latest investments in its Mediterranean fields at offshore North Maraqia in addition to the Cairo and Masry regions assigned to the company recently.
Within the framework of his participation in ADIPEC 2023, Minister of Petroleum and Mineral Resources Tarek El Molla has met with Cedric Cremers, Executive Vice President LNG at Shell, in the presence of Samir Raslan, Undersecretary of the Ministry for Exploration and Agreements; and Khaled Kacem, Vice President and Country Chair at Shell Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with Halliburton’s CEO Jeff Miller during which El Molla praised the strategic relationship with the company as well as its role in providing services and support in exploration and production (E&P) in promising new areas in Egypt.
