PetroSafe along with the Gulf of Suez Petroleum Company (GUPCO) have conducted a community consultation session to study the environmental impact of developing the North Safa field located in the Gulf of Suez.
Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with a delegation from the Oil and Gas Committee at the American Chamber of Commerce in Cairo to coordinate efforts to prepare for the participation of the oil and gas sector in Decarbonization Day, which will be organized at COP27, which Egypt will host in Sharm El Sheikh this coming November.
TAG Oil Ltd. announced that it was formally awarded a petroleum services agreement (PSA) by Badr Petroleum Company to develop the unconventional Abu Roash "F" reservoir (ARF) in the Badr Oil Field (BED-1), which is a 107 km2 concession located in Egypt's Western Desert.
Cairo Oil Refining Company's (CORC) Chairman's Assistant Youssef Tohamy reviewed the most important performance indicators during fiscal year (FY) 2021/22, stating that the amount of crude oil that was refined reached around 8.9 million tons of crude oil in the company’s refineries in Mostorod and Tanta.
The Egyptian Ministry of Planning and Economic Development (MPED) issued a report on government initiatives and programs directed at environmental improvement and the transition to a green economy, with the plan for the current fiscal year 2022/23, the Cabinet announced.
This came during the general assemblies chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the results of APRC, Alexandria Petroleum Company (APC), and the Egyptian Petrochemicals Holding Company (ECHEM) in FY 2021/22.
Minister of Petroleum and Mineral Resources Tarek El Molla has declared that Egypt aims to export $8.5 to $10 billion worth of natural gas during the fiscal year 2022/23.
Samir Elkareish, Vice Chairman for Energy Sustainability at Egyptian Natural Gas Holding Company (EGAS), has affirmed the Ministry of Petroleum and Mineral Resources' interest in the energy strategy of Egypt 2035 which is under updates until 2040, aiming to expand the use of new and renewable energy and increasing its share in the energy mix.
Assiut Oil Refining Company (ASORC) successfully refined about 3.4 million tons of crude to supply petroleum products to the local market at a value of EGP 47 billion, during fiscal year (FY) 2021/22, ASORC's Chairman Maged El Kurdi stated.
In a meeting to follow up on the progress of measures to rationalize electricity consumption, Minister of Petroleum and Mineral Resources Tarek El Molla praised the decision, asserting that it has contributed to saving large quantities of natural gas used in operating power stations and added two shipments of natural gas to the usual quantities of gas for export.
