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.
Minister of Petroleum and Mineral Resources Tarek El Molla met with the delegation of the General Union of Petroleum Workers headed by Mohamed Gibran.
In the implementation of the state's directives to expand the use of prepaid meters in all state utilities to raise the efficiency of collecting state dues, about 1.4 million meters have been installed so far.
Suez Canal Zone Authority Zone (SCZONE) Chairman Waleid Gamal El-Dein has signed an agreement with Japan's Toyota Tsusho to establish several Japanese projects within the zone.
President Abdel Fattah El-Sisi has appointed Hassan Abdalla, the CEO of United Media Services (UMS), as Acting Governor of Central Bank of Egypt (CBE).
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the importance of adhering to the timelines for implementing the state's plan to expand the use of natural gas in cars and accelerating the plan for the rapid deployment of stations through coordination between petroleum and natural gas marketing companies, ministries and relevant authorities in the country.
