Minister of Petroleum and Mineral Resources Tarek El Molla lauded the extraordinary accomplishments of Egypt's petroleum sector with investments amounting to $61.3 billion from July 2014 until July 2023.
The average production of natural gas during fiscal year (FY) 2022/23 reached about 6.2 billion cubic feet per day (bcf/d). Meanwhile, the average daily domestic consumption of natural gas was around 5.9 bcf/d, including 57% for the electricity sector, 25% for the industrial sector, 10% for the petroleum and gas derivatives sector, 6% for the residential sector, and 2% for supplying cars, the Egyptian Natural Gas Holding Company (EGAS), Magdy Galal, stated.
Ganoub El Wadi Petroleum Holding Company's (Ganope) Chairman Ashraf Bahaa El Din stated the company has succeeded in reducing specific energy consumption by 3.5% and cutting down on carbon emissions by about 37,000 tons.
Minister of Petroleum and Mineral Resources Tarek El Molla has issued a movement of transfers and assignments that included Deputy for Agreements and Exploration, Assistant for Exploration and Foreign Operations, and General Managers of Exploration for petroleum sector companies.
Minister of Petroleum and Mineral Resources Tarek El Molla has chaired ECHEM’s general assembly meeting to approve the results of the work of fiscal year 2022/23.
The Ministry of Petroleum and Mineral Resources announced that it has awarded the bid round offered by the Egyptian Natural Gas Holding Company (EGAS), which closed in mid-July, to one consortium and two major companies.
Cooperation Petroleum Company's (Copetrole) Chairman Nasser Shouman said that the company sold petroleum products amounting to about 7.3 million tons during the fiscal year (FY) 2022/23, through 1,268 stations affiliated to the company.
During the Misr Petroleum Company’s general assembly chaired by Minister of Petroleum and Mineral Resources Tarek El Molla, Mohamed Bakheet, the company’s president, reviewed the most important business results that the company achieved during the fiscal year 2022/23.
The Chairman of Suez Oil Processing Company Hesham Fathy stated that the company has produced about 2.2 million tons of petroleum products during the fiscal year (FY) 2022/23, which contributed to meeting part of the domestic market needs of various high-quality petroleum products.
Minister of Petroleum and Mineral Resources Tarek El Molla has announced a new international petroleum bid round by the Egyptian General Petroleum Corporation (EGPC) and South Valley Egyptian Petroleum Holding Company (GANOPE) via the Egyptian Upstream Gateway (EUG) platform.Â
