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.
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.
