Minister of Petroleum and Mineral Resources Tarek El Molla announced the launch of a new international bid to search for natural gas and crude oil in 12 regions in the Mediterranean and Nile Delta, including six offshore and six onshore regions, through the Egyptian Upstream Gateway (https://eug.petroleum.gov.eg).
ADNOC Distribution's acquisition of 50% of Total fuel stations in Egypt is nearing its conclusion with the approval of the Board of Directors of B Investments Holding, Asharq Business News reported.
The first agreement is on implementing integrated development for rain-fed communities in Matrouh Governorate. The second is on implementing an integrated, smart, and sustainable community in Wadi Al-Maktab in Abu Dis, South Sinai Governorate, using modern technologies. The minister also witnessed the signing of The two executive contracts for the two agreements.
President Abdel Fattah Al-Sisi has urged to intensify efforts for expanding oil and gas exploration areas in fEgypt for optimum economic and developing use of Egypt’s resources, maximizing the added value of natural gas, meeting domestic demand and export the surplus.
Minister of Petroleum and Mineral Resources Tarek El-Molla stated reaching the closure of the loan for the diesel production project (the hydrocracking complex for diesel) in Assiut is a success for all participants.
Aton Resources announced the latest drill results from the now completed Phase 2 diamond drilling program for 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 held a meeting with the Board of Directors of the General Authority for the Economic Zone of the Golden Triangle headed by Adel Saeed, Chairman of the Authority.
Prime Minister Mostafa Madbouly held a meeting today to follow up on efforts to develop the Golden Triangle region, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources; Ahmed Samir, Minister of Trade and Industry; and Adel Saeed, Chairman of the General Authority for the Economic Zone of the Golden Triangle.
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the importance of requests for briefing and inquiries submitted by parliamentarians about the course of petroleum work in light of its supportive performance for the national economy and the local market.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with Lukoil’s Vice President for the Americas, Western Africa and Europe Ivan Romanovsky to discuss its current projects in a number of concessions areas in the Eastern and Western Deserts in Egypt and how to boost these investments.
