Aton Resources company has announced the final results of the Phase 2 diamond drilling program at its advanced Rodruin gold exploration project, located in Abu Marawat Concession in the Eastern Desert of Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla has chaired the general assemblies of Agiba Petroleum Company and Pharaonic Petroleum Company to approve their budget plans for fiscal year (FY) 2022/23 and the recommended budget for FY 2023/24.
ExxonMobil Egypt announced that it has signed a memorandum of understanding (MoU) with the Sawiris Foundation for Social Development (SFSD) to join its program “Bab Amal”, implemented by the Giving Without Limits Association in Assiut, aiming to empower participating families from the most deprived villages.
Minister of Petroleum and Mineral Resources Tarek El Molla has received Australia's new ambassador to Egypt Axel Wabenhorst in a meeting during which they explored opportunities to enhance cooperation and investments in mining, natural gas, and green energies.
Chairman of Gulf of Suez Petroleum Company's (GUPCO) Salah Abdel Kareem stated that his company has a plan to invest $588 million during the fiscal year (FY) 2023/24 to enhance petroleum production rates to reach 70,000 barrels per day (bbl/d).
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the convening of the founding assembly of the Egyptian Soda Ash Company, which is responsible for the Soda Ash Production Complex project.
United Oil& Gas company (UOG) has produced from its interest in the Abu Sennan license an average of 1,312 barrels of oil equivalent per day (boe/d) in 2022 which came in line with the revised production guidance of 1,300-1,325 boe/d.
Minister of Petroleum and Mineral Resources Tarek El Molla stated that there are many vital projects with high added value implemented by the petroleum sector in the fields of the petrochemical industry, with the aim of providing the products and raw materials necessary for the uses of the local market and replacing imports of these products to serve the national economy.
Minister of Petroleum and Mineral Resources Tarek El Molla has chaired a meeting of the Higher Committee for Petroleum Projects to review the progress of a number of new refining and petrochemical projects.
Minister of Petroleum and Mineral Resources, Tarek El Molla, and his Jordanian Counterpart, Saleh Al-Kharabsheh, witnessed the signing of an agreement to implement natural gas delivery facilities to the industrial city of Quweira in Aqaba, Jordan, in the presence of Nayef Al-Fayez, head of the Aqaba Special Economic Authority.
