Minister of Petroleum and Mineral Resources Tarek El Molla has met with Spanish Ambassador to Egypt Álvaro Iranzo Gutiérrez to dicuss oil and petrochemical investment opportunities in Egypt and its role in energy security as well as the European Union's (EU) efforts to overcome oil and gas industry challenges.
At the top of the priorities of this strategy are projects to exploit flare gases because of their positive returns, both environmentally by reducing carbon emissions resulting from gas flaring, or economically by providing quantities of natural gas and reusing them in other fields and activities, El Molla noted.
Aton Resources announced the latest updates on on the final assay results from the recent diamond drilling program at Hamama, located in Abu Marawat Concession in the Eastern Desert of Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla said that the local production from the petrochemical industry reached 4.3 million tons at the end of the fiscal year (FY) 2021/22 compared to 2.1 million tons in FY 2015/16.
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the petroleum sector is adopting a new strategy for corporate social responsibility (CSR) aimed at achieving sustainability, uniting efforts, and working together to improve the quality of living conditions for local communities all over Egypt.
The Minister of Petroleum and Mineral Resources Tarek El Molla has received the report of natural gas utilization expansion project for the fiscal year (FY) 2022/23 for the periodical follow up.
Minister of Petroleum and Mineral Resources Tarek El Molla reviewed the efforts of the South Valley Egyptian Petroleum Holding Company (GANOPE) to bring the total crude oil production of GANOPE and its subsidiaries to about 40,000 barrels per day (bbl/d) by the middle of next year.
Minister of Petroleum and Mineral Resources Tarek El Molla has stressed the importance of meetings that discuss ways of developing and increasing crude oil production and their role in enhancing coordination all relevant parties.
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Jamal Issa al Loughani, the new Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC), and they discussed the latest preparations for the 12th edition of the Arab Energy Conference, which is set to be held in Qatar, during December 11-12, 2023.
Minister of Petroleum and Mineral Resources Tarek El Molla has emphasized the important economic contribution of the Egyptian General Petroleum Corporation (EGPC) describing it as the most important economic institution and its performance reflects this description.
