Minister of Petroleum and Mineral Resources Tarek El Molla, Qalyubia Governor Abdel Hamid El Hagan and leaders of the oil and gas sector inspected the development projects in the petroleum geographic area within the Mostorod region, which is a major area serving Greater Cairo and constantly witnessing an increase in its refining, marketing and distribution capabilities.
United Oil & Gas (UOG) announced that on the AJ-14 well, it expects consistent flow rates in the range of 300 barrels of oil per day (bbl/d) gross and that the well can be promptly brought into production to generate additional cashflow.
Minister of Petroleum and Mineral Resources Tarek El Molla declared that Egypt seeks to achieve between $7.7 billion to $8 billion in oil and gas sector investments during fiscal year (FY) 2022/23.
During a business conference in which Eni CEO Claudio Descalzi urged Italy to raise its liquefied natural gas (LNG) import capacity in 2023, he also stated Egypt will be one of the key contributors of LNG to Italy in the future, according to a report from Reuters.
Hossam Zaki, the Chairman of the Pharaonic Petroleum Company (PhPC), announced that his company has achieved the planned production rates by 100%, recording 163 billion cubic feet (bcf) of natural gas sales in addition to more than 3 million barrels of condensates.
Minister of Petroleum and Mineral Resources Tarek El Molla praised the launch of the Al-Hamra Petroleum Port and its transformation into an integrated logistics center for receiving, exporting and storing crude oil and petroleum products as a success story that confirms the comprehensive vision of the Ministry of Petroleum and Mineral Resources’ strategy, Al Ahram Gate reported.
Egypt's TAQA Arabia has inked a memorandum of understanding (MoU) with Saudi Arabia's Natural Gas Distribution Company to cooperate in developing and operating gas transportation services and gas networks.
Minister of Petroleum and Mineral Resources Tarek El Molla has appointed new chairmen for the sector's mining companies, aiming to support the mining sector with the needed efficiencies to achieve future goals and exchange expertise.
The agreement aims to inspect vehicles transporting petroleum products such as gasoline, diesel, mazut and others for the company’s transportation fleet and to issue certificates of validity after conducting engineering inspections by the Egyptian Petroleum Research Institute (EPRI).
Prime Minister Mostafa Madbouly completed an inspection tour in Sharm El-Sheikh to follow up on development projects being implemented in the city as well as preparations for Egypt's hosting of COP 27 this November, according to a Cabinet statement.
