As part of his participation in the ministerial delegation headed by Prime Minister Mostafa Madbouly in the eighth session of the Egyptian-Algerian Joint Higher Committee, Minister of Petroleum and Mineral Resources Tarek El Molla held a joint session of talks with the Algerian Minister of Energy and Mines Mohamed Arkab in the Algerian capital.
Qalaa Holdings company announced that it has achieved an annual growth in its revenues of 134% after reaching EGP 18.7 billion in Q1 2022 and recurring EBITDA of EGP 3.9 billion compared to EGP 90.5 million in Q1 2021.
In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Yves Jacob, Head of the Private Sector at France's Societe Générale, praised Egypt's development strategy, confirming that Societe Générale is keen to expand its portfolio in the Egyptian petroleum sector and identify the best available opportunities for investments.
Prime Minister Mostafa Madbouly met with Tarek El Molla, Minister of Petroleum and Mineral Resources to review a number of investment opportunities in the refining and petrochemical sectors, in the presence of Saad Helal, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM).
SDX Energy Plc announced that it has started spudding the MSD-23 infill development well located at the Meseda Field in West Gharib concession.
The Chairman and Managing Director of Petrojet Waleed Lotfy has met with the Head of Libya’s National Oil Corporation (NOC) Mustafa Sunallah and the Project and Maintenance Manager of NOC Najmi Kareem to discuss cooperation opportunities in petroleum projects in Libya during the next period.
During a recent meeting, Minister of Petroleum and Mineral Resources Tarek El Molla indicated that the financial arrears of the ministry declined to EGP 51 billion after it had reached EGP 334 billion in June 2018 due to great efforts in this regard.
Minister of Petroleum and Mineral Resources Tarek El Molla and the CEO of Norway's Scatec Terje Pilskog have agreed to study the available opportunities to cooperate in producing green ammonia.
bp North Africa's Regional President Karim Alaa announced that bp Egypt has obtained a 100% working interest in the King Mariout Offshore area (KOA).
Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt occupies sixth place in the world among the largest producers of urea fertilizer, with a quantity ranging between 6.5 and 7 million tons annually.
