Egypt Targets $10B Worth of Natural Gas Exports in FY 2022/23
Minister of Petroleum and Mineral Resources Tarek El Molla has declared that Egypt aims to export $8.5 to $10 billion worth of natural gas during the fiscal year 2022/23.
News / Egypt
EGAS Explores Investment Opportunities in Offshore Wind Energy
Samir Elkareish, Vice Chairman for Energy Sustainability at Egyptian Natural Gas Holding Company (EGAS), has affirmed the Ministry of Petroleum and Mineral Resources' interest in the energy strategy of Egypt 2035 which is under updates until 2040, aiming to expand the use of new and renewable energy and increasing its share in the energy mix.
ASORC Refines 3.4 Million Tons of Crude Oil in 2021/22
Assiut Oil Refining Company (ASORC) successfully refined about 3.4 million tons of crude to supply petroleum products to the local market at a value of EGP 47 billion, during fiscal year (FY) 2021/22, ASORC's Chairman Maged El Kurdi stated.
Electricity Rationalization Efforts Save More Natural Gas for Export
In a meeting to follow up on the progress of measures to rationalize electricity consumption, Minister of Petroleum and Mineral Resources Tarek El Molla praised the decision, asserting that it has contributed to saving large quantities of natural gas used in operating power stations and added two shipments of natural gas to the usual quantities of gas for export.
El Molla Leads Inspection of Petroleum Region in Mostorod
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.
UOG Expects Production of 300 bbl/d from AJ-14 Well, Launches Drilling of ASH-4 Well
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.
El Molla: Egypt Targets Oil, Gas Investments of Up to $8B in 2022/23
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.
Eni CEO Highlights Egypt as Key Future LNG Contributor to Italy
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.
PhPC Achieves 163 bcf of Natural Gas Sales
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.
El Molla Highlights Al Hamra Port’s Success, Reviews Annual Results for WEPCO, Badr Petroleum Company
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.
