Egypt Allocates EGP 3.5B for Natural Gas Deliveries in FY 2023/24 Budget
The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.
News / Egypt
TAG Oil Achieves First Oil Production in Egypt’s Badr Oil Field
TAG Oil, the Canadian-based oil and natural gas company, announced its first oil output in Egypt’s Badr Oil Field (BED-1), located in the Western Desert.
Qazaq Geophysics Identifies Mining Investment Opportunities in Egypt
Minister of Petroleum and Mineral Resources Tarek El Molla has met with a delegation from Qazaq Geophysics headed by CEO Galym Nurzhanov.
Egypt, BitCrude Energy LP Explore Oil Refining Project with Zero Carbon Emissions
Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Environment Yasmine Fouad have met with top officials from Canadian firm BitCrude Energy LP to discuss a project for crude refining and processing using techniques with zero carbon emissions.
El Molla Announced Commencement of Silicon Production Complex Project
El Molla explained that the project is a model for partnership between the state and the private sector in establishing new industries to exploit mineral wealth with national investments, as an alternative to exporting this wealth in its raw form, which enhances the added value and return of this wealth to the Egyptian economy.
Egypt, World Bank Explore Cooperation in Natural Gas, Mining, Emissions Reduction
The Minister of Petroleum and Mineral Resources Tarek El Molla has received the Regional Director of the World Bank's (WB) Infrastructure Department in the Middle East and North Africa region, Paul Noumba where they discussed how to boost cooperation on natural gas, emissions reduction and natural gas fields.
PhosPhate Misr Expands Exploration Activities
The assignments of the Ministry of Petroleum and Mineral Resources have begun during the company's general assembly meeting to pump more investments to intensify research and exploration activities for natural resources and accelerate the development of new discoveries.
Petroleum FDIs Record Net Outflow of $857.5M in H1 2022/23
Foreign direct investments (FDIs) in the petroleum sector recorded a decline in net outflow by $277.9 million, to be $857.5 million during the first half of fiscal year (FY) 2022/23.
El Molla Approves New Appointments for Key Positions within the Petroleum Sector
Minister of Petroleum and Mineral Resources Tarek El Molla has approved new appointments for key positions within the petroleum sector.
PM Approves Six New Draft Laws for Petroleum Agreements
Prime Minister Mostafa Madbouly has approved new six law drafts to authorize the Minister of Petroleum and Mining Resources Tarek El Molla for petroleum agreements between the Egyptian General Petroleum Corporation (EGPC), Egyptian Natural Gas Holding Company (EGAS), and a number of international oil companies (IOCs).
