The Egyptian General Petroleum Corporation (EGPC) and Apache signed a joint marketing agreement for Qarun mix crude oil. The agreement was signed in the presence of Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources (MoP) and John Christmann, CEO and President of Apache Corporation.
Methanex Egypt won the award for the highly commended project within the “Best Safety Project of the Year” category at EGYPS Global Sustainability in Energy Awards Ceremony in recognition of its efforts in leading the development of a Process Safety Management (PSM) framework for the Egyptian oil and gas sector in partnership with the sector’s holding companies in alignment with the Ministry of Petroleum and Mineral Resource’s vision for the modernization of the industry.
Methanex celebrates the publishing of the book “Towards Safer Processes in the Oil, Gas, and Petrochemical Industries – An Overview of Egyptian PSM Standards and Guidelines” – documenting the unique journey of collaboration between members of the Egyptian Process Safety Steering Committee, leading to the development of a full Process Safety Management framework for the Egyptian Oil, Gas and Petrochemicals sector. The book summarizes the 24 PSM standards and guidelines developed by the Egyptian Process Safety Steering Committee’s Technical Sub-Committee and approved and issued by the Egyptian General Petroleum Corporation (EGPC).
On the sidelines of Egypt Petroleum Show Exhibition and Conference (EGYPS) 2023, the Minister of Petroleum and Mineral Resources Tarek El Molla has met with Apache Corporation CEO John Christmann and the Vice President and General Manager of Apache Egypt David Chi discussing the latest developments of its business and exploration activities in its concessions in Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with the Hungarian Deputy State Secretary for Energy Security Dora Zombori to discuss a memorandum of understanding (MoU) that was signed between the two countries and its renewal.
Tariq El-Molla, Minister of Petroleum and Mineral Resources, On the sidelines of the Egypt International Petroleum Conference and Exhibition (EGYPS 2023), received Hayan Abdul-Ghani, Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil.
The Secretary General of the Petroleum Exporting Countries Organization (OEPEC), Haitham Al Ghais, said that the OPEC is recently expected that the energy demand will increase and it will reach to its levels as before Corona pandemic during 2023 noting that the petroleum industry is expected to need investments worth $12 billion until by 2045 as $500 billion per year.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has underlined the significant role of the Petroleum Exporting Countries Organization (OPEC) in boosting the international cooperation and taking into consideration the interests of all petroleum manufacturers.
Belayim Petroleum Company (Petrobel) Chairman Khalid Mowafi announced that his company targets investments in its budget plans for fiscal years (FY) 2022/23 and 2023/24 worth more than $800 million per year.
B Investments announced that it has sold all of its stakes in TotalEnergies Egypt to TotalEnergies Marketing Afrique SAS (TEMA) for a total consideration of $27.6 million, which translates into a total company equity value of $433 million, the company said in an EGX disclosure.
