El Molla Discusses Gold Cooperation Opportunities with Royal Canadian Mint

• Monday, 1st August 2022
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla, met with Marie Lemay, President of the Royal Canadian Mint, and her accompanying delegation. During the meeting, the two leaders discussed possible cooperation and partnership opportunities between the two sides in the gold industry in light of the distinguished opportunities offered by the strategy of developing and modernizing the Egyptian mining sector and the Canadian Corporation's interest in investing in Egypt.

Petroleum Sector Acquires Toyota’s EDC Shares

• Monday, 1st August 2022
• by Fatma Ahmed

The Egyptian Drilling Company (EDC) disclosed, during its general assembly meeting, that that the petroleum sector has acquired 50% of the company which was owned by Japanese Toyota company.

El Molla Praises Modern Gas Efforts

• Monday, 1st August 2022
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the positive results achieved from merging 3 natural gas delivery companies into one strong entity illustrate the extent to which the vision of the Modernization Program in the petroleum sector that was launched in 2016 is foreseen for the future and the challenges.

El Molla Reviews Petroleum Achievements At Al Gomhuria Conference

• Monday, 1st August 2022
• by Sarah Samir

This comes as El Molla reviewed a number of results achieved by the petroleum sector in a speech before the Al Gomhuria Newspaper Conference and Exhibition, entitled 'Egypt El Sisi.. The Road to the New Republic', which is being held under the patronage of Mostafa Madbouly, Prime Minister.

SDX Production Exceeds Estimations by 2% in H1 2022

• Monday, 1st August 2022
• by Fatma Ahmed

SDX Energy company announced that its production reached 3,724 barrel of oil equivalent per day (boe/d) during the H1 of 2022 which was 2% higher than the increased mid-point 2022 market guidance of 3,638 boe/d.

Egypt’s Natural Gas Output Drops 4.7% YOY in April

• Sunday, 31st July 2022
• by Sarah Samir

Egypt’s natural gas output declined by around 4.7% year-on-year (YOY) to reach 4.1842 million tons in April 2022, down from 4.392 million tons in April 2021.

Tenaz Energy Terminates Acquisition of SDX Energy

• Sunday, 31st July 2022
• by Fatma Ahmed

Tenaz Energy Corp anounced it has finalized the proposal of acquiring SDX Energy company (the Scheme of Arrangement after 20.2% of issued and outstanding shares have voted in favor with the proposal while 21.6% refused the Scheme at the SDX meeting.

El Molla Issues New Promotions, Appointments

• Friday, 29th July 2022
• by Sarah Samir

Minister of Petroleum and Mineral Resources Tarek El Molla made the following new promotions and appointments with an aim to support the petroleum position with needed efficiencies to achieve future goals.

Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt

• Thursday, 28th July 2022
• by Ihab shaarawy

India’s ReNew Power Signs $8 B MoU to Establish Green Hydrogen Plant in SCZONE

• Thursday, 28th July 2022
• by Sarah Samir

Prime Minister, Mostafa Madbouly, witnesses the signing of a memorandum of understanding (MoU) to establish a plant for the production of green hydrogen with investments of $8 billion and a capacity of 220,000 tons annually in the Suez Canal Economic Zone (SCZONE).