Minister of Petroleum and Mineral Resources Tarek El Molla was briefed on the operational results of Badr Petroleum Company (Bapetco), Rashid Petroleum Company (Rashpetco) and Burullus Gas Company.
Prime Minister Mostafa Madbouly highlighted the growing importance of the integrated national strategy for hydrogen production during this period as a promising source of energy for the near future.
Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Tarek El Molla to follow up on the progress of a project to produce soda ash and its derivatives.
Prime Minister Mostafa Madbouly and his Romanian counterpart Nicolae Chuca witnessed the signing of a memorandum of understanding (MoU) between the Egyptian Natural Gas Company (EGAS) and Transgaz, the official operator of the natural gas transportation network in Romania, to enhance joint cooperation in the field of natural gas transportation, the Cabinet announced.
WEPCO Chairman Ibrahim Masoud said that the Western Desert Operating Petroleum Company (WEPCO) managed to produce 9 million barrels of oil (mmbbl) from brownfields and achieved a 400% increase in extractable reserves from 3.5 mmbbl to 17 mmbbl.
Methanex Egypt announces its participation in Egypt Petroleum Show (EGYPS) 2023 taking place from 13-15 February under the theme “North Africa and The Mediterranean: Supporting Sustainable Global Energy Supply and Demand.” Methanex Corporation CEO Rich Sumnerwill be attending EGYPS in his first visit to Egypt after assuming his role in January 2023.
Around half of the public sector companies set to be listed on the Egypt Stock Exchange (EGX) belong to the oil and energy sector.
Minister of Petroleum and Mineral Resources Tarek El Molla announced that President Abdel Fattah El Sisi, President will inaugurate the sixth session of the Egypt International Petroleum Conference and Exhibition (EGYPS 2023), which be held under the theme ‘North Africa and The Mediterranean: Supporting Sustainable Global Energy Supply and Demand’, the ministry said in a statement.
The Egypt Upstream Gateway (EUG) team has hosted the first webinar under the title of the “Egypt Opens New Exploration Opportunities” series to shed light on the EGAS 2022 Bid Round for the Mediterranean and Nile Delta on January 31, 2023.
The Cabinet approved 13 draft petroleum commitment agreements for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies, in preparation for completing legislative procedures to issue proposed laws related to them.
