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.
Enap Sipetrol Egypt announced that its Joint Venture Petroshahd Company has successfully passed the first surveillance audit for its Integrated Management system according to ISO 14001:2015 (Environmental Management Systems) and ISO 45001:2018 (Occupational Health and Safety Management Systems).
During the assembly, El Molla explained that GPC’s achievement of the third position in the list of major oil production companies in Egypt came as a result of good planning and management, sincere efforts of employees, and full support from the Ministry and the Egyptian General Petroleum Corporation (EGPC) for the company, which has a history that extends for more than 65 years in the field of research, exploration and production of oil and gas.
Minister of Petroleum and Mineral Resources Tarek El Molla has highlighted the importance of the development carried out in many petroleum products distribution companies.
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the International Islamic Trade Finance Corporation (ITFC) has funded the Egyptian petroleum sector with $10.8 billion since it started in 2008 until November 2022 to finance petroleum exports.
Minister of Petroleum and Mineral Resources Tarek El Molla discussed the importance of upgrading and developing the nation's petroleum pipelines as well as raising their efficiency as a mean to transport crude oil and petroleum products which will support Egypt’s target to be a regional hub for trading oil and gas.
The Ministry of Petroleum and Mineral Resources announced that El Hamoudi Island village in Qena has been supplied with natural gas for the first time as part of an effort to connect rural villages of the country's natural gas grid within the framework of the Haya Karima ('Decent Life') initiative.
The Minister of Petroleum and Mineral Resources Tarek El Molla outlined the importance of petrochemicals, refining and petroleum infrastructure projects to support securing plans and supply stability of petroleum and petrochemical products for the local market as well as promoting Egypt as a regional hub for oil and gas trading.
