In continuation of a routine tour of petroleum projects, Tarek El Molla, Minister of Petroleum and Mineral Resources, visited Alexandria to follow up on enhancements to increase the production capacity of oil refining and manufacturing projects.
Taking place on Wednesday 14th February 2024, as part of the EGYPES Future Energy Zone, the CLIMATECH Challenge will serve as a platform for start-ups to showcase their groundbreaking climate technology and business models in front of a panel of influential judging committee members comprising investors, c-level executives, top government officials, thought leaders and an audience of senior energy executives.
During its meeting, chaired by Prime Minister Mostafa Madbouly, the Cabinet approved the Prime Minister’s draft decision regarding the establishment of the National Council for Green Hydrogen and its Derivatives.
Prime Minister Mostafa Madbouly held a meeting with Minister of Petroleum and Mineral Resources, Tarek El Molla, to follow up on plans to provide the needs of petroleum products. Minister of Finance Mohamed Maait participated in the meeting via video conference.
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.
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.
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.
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 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.
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.
