Prime Minister Mostafa Madbouly held a meeting to discuss enhancing possible cooperation opportunities between the government and the Egyptian German Pump Company (Ruhrpumpen Egypt), which specializes in pump production, the Cabinet announced.
Minister of Petroleum and Mineral Resources Tarek El Molla has highlighted the importance of exerting more efforts with partners to overcome any possible obstacles that may face the sector in order to increase oil production rates as well as make optimal use of Egypt’s natural resources development.
TransGlobe Energy Corporation announced that it has approved the plan of arrangement in which VAALCO Energy Canada ULC (AcquireCO) will acquire all the issued and outstanding TransGlobe common shares.
The Central Bank of Egypt (CBE) announced that the oil trade balance achieved a surplus of $4.4 billion during fiscal year (FY) 2021/22, compared to a deficit of $6.7 million during FY 2020/21.
Minister of Petroleum and Mineral Resources Tarek El Molla met with Jean Philippe Torres, Senior Vice President of TotalEnergies Marketing & Services in Africa, to review the international company's strategy to expand its marketing and distribution activities for petroleum products within the local market, in addition to increasing the number of car service and fueling stations.
Minister of Petroleum and Mineral Resources Tarek El Molla met with Bulgarian Minister of Energy Rossen Hristov in the presence of the Bulgarian Ambassador in Cairo Deyan Katrachev and the accompanying delegation, where they discussed aspects and opportunities for cooperation between the two countries in the fields of gas and energy, the Egyptian ministry said in a statement.
Having accepted the invitation of Italian Ambassador to Egypt Michele Quaroni, Minister of Petroleum and Mineral Resources Tarek El Molla participated in setting and signing the foundation stone for the branch of Italy’s “Bambino Gesu” hospital for genetic diseases at the New Administrative Capital.
Minister of Petroleum and Mineral Resources, Tarek El Molla, pointed out Egypt's keenness to expand the base of joint investment cooperation with Kuwait in the oil and gas sector in its various activities, including research, production, refining and distribution, the ministry said in a statement.
The Minister of Petroleum and Mineral Resources Tarek El Molla has inaugurated new “Oasis” fuel station which is affiliated to Total Energies at Cairo – Alexandria Road with investments worth EGP 18 million.
Prime Minister Mostafa Madbouly met with Tarek El Molla, Minister of Petroleum and Mineral Resources, to follow up on the availability of petroleum products to meet the needs of the local market, especially in light of the continuing repercussions of the global crisis due to the Russian-Ukrainian conflict.
