The Egyptian Cabinet has granted the initial approval to award the Northeast Offshore Arish concession to Egyptian Natural Gas Holding Company (EGAS) and Eni for oil and natural gas exploration.
It was a vibrant opening for the Petrochemicals & Gas Industry in Egypt Conference and Exhibition (PGIE), as an event that has successfully attracted the attention of business leaders, government officials, and industry innovators working in the petrochemicals and gas industries all under one roof at the Egyptian Engineers Syndicate.
Prime Minister Mostafa Madbouly witnessed the signing of seven new memoranda of understanding (MoUs) to implement projects to establish industrial complexes with the aim of producing green hydrogen within the industrial zone in Ain Sokhna, according to the Cabinet.
Suez Canal Authority (SCA) Chairman Osama Rabie has met with Denmark’s Energy and Climate Minister Dan Jørgensen to discuss cooperation in the field of marine green transition.
During the meeting, El Molla highlighted the strength of the Egyptian-Cypriot relations, leadership, and people, which contribute to supporting economic cooperation and working to maximize the use of natural resources and achieve the common benefit of the two countries, noting that cooperation in the field of oil and gas represents one of the important axes in supporting economic relations between the two countries.
Malaysian state oil company Petroliam Nasional Berhad (Petronas) has started to launch bids to sell its upstream in Africa, including Egypt, with costs of up to $3 billion, Bloomberg reported referring to sources familiar with the matter.
Minister of Petroleum and Mineral Resources Tarek El Molla chaired a meeting to review the latest developments of new refining and petrochemical projects, including the expansion of Alexandria's MIDOR refinery, the production of wooden panels from rice straw by Wood Technology Co. (WOTECH) in Idku in Beheira Governorate, and a petrochemical complex project in the economic zone in Suez.
The roundtable was attended by companies that signed a number of memoranda of understanding (MoUs) for the production of green fuels and was held to consult on the frameworks as well as the general policies for setting up green fuel projects in the economic zone. Technical and legal studies were discussed in this regard.
Aton Resources has announced it has encountered gold and minerals during the Phase 2 diamond drilling program at its advanced Rodruin gold exploration project, located in the Abu Marawat Concession in the Eastern Desert of Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that the current period needs innovative solutions and efforts to increase petroleum production amidst high global oil prices and the sector’s commitment to supporting the national economy.
