The Petroleum Safety & Environmental Services Company (PetroSafe) signed a memorandum of understanding (MoU) in the fields of maritime safety studies and works with LOC Egypt, the representative of the ABL Group, specialized in the fields of studies, consulting, and maritime safety works.
The more we can rationalize the quantities of natural gas that serve the power stations, the more we will have an opportunity to export a more significant part of this natural wealth, thus bringing more foreign currency.
Minister of Petroleum and Mineral Resources Tarek El Molla has signed an agreement with Bechtel and bp to develop and enhance the health, safety and environment (HSE) practices within the petroleum sector, which includes the launch of a new training center, which will teach HSE based on the latest international standards.
Minister of Petroleum and Mineral Resources Tarek El Molla met with Apache Corporation CEO and President John Christmann, who is currently visiting Egypt. The meeting took place in the presence of David Chi, Vice-President of Apache Corporation and Country Manager for Apache in Egypt as well as the Egypt Oil & Gas Committee Chairman. They discussed the work system of the two joint companies with Apache (Khalda Petroleum Company and Qarun Petroleum Company) in light of the memorandum of understanding (MoU) signed between the two sides in this context during EGYPS 2022 and activating the merger of the two companies.
President Abdel Fattah El-Sisi has met the Minister of Petroleum and Mineral Resources Tarek El Molla, Minister of Electricity and Renewable Energy Mohamed Shaker, Minister Of Planning and Economic Development Hala Al-Said and Minister of Finance Mohamed Maait to review the latest developments of hydrogen projects as well as efforts to generate electricity from renewable resources.
Minister of Environment Yasmine Fouad signed a joint cooperation agreement with the European Union (EU) to obtain a grant of €4 million (equivalent to $4.07 million), within the framework of cooperation between the Ministry of Environment and the EU, in the field of environmental protection and in support of the Egyptian industry.
The Chairman of Suez Canal Authority Osama Rabie disclosed that the Canal recorded the highest daily shipping rates on August 7, 2022 reaching 89 ships with total loadings 5.2 million tons from the two sides.
Tarek El Mulla, Minister of Petroleum and Mineral Resources, had a phone call with Karen El Harar, Israeli Minister of Energy, to discuss areas of cooperation between the two sides in the natural gas sector in the region and bilateral cooperation in order to contribute to securing part of the European Union's energy needs.
Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundation stone for the expansion of the Al-Hamra Petroleum Port area.
The port is located on a beachy plot of land on an area of 120 acres with the aim of increasing the storage capacity of the port facilities by adding four storage tanks with a capacity of 630,000 barrels of crude each, to reach a storage capacity of 5.3 million barrels to facilitate the movement of trading and receiving crude oil in the port of Al-Hamra. This is in addition to the 420-acre plot of land adjacent to the area of the port of Al-Hamra, which will be used as an area for the circulation/distribution of petroleum products and a shipping station to serve the expansions of Al-Alamein, the new urban development, Al-Alamein and Al-Masahah areas.
United Oil & Gas (UOG) announced that it has encountered seven meters of net oil pay in the Primary Abu Roash C ("ARC") reservoir while drilling Al Jahraa-14 development well ("AJ-14") in the Abu Sennan licence.
