The Saudi Egyptian Investment Company (SEIC) which is owned by Saudi Arabia's state-owned Public Investment Fund (PIF), declared its acquisition of minority stakes in four Egyptian companies worth $1.3 billion, among of them two petrochemical companies, the Ministry of Planning and Economic Development stated.
Prime Minister Mostafa Madbouly has met with several ministries and officials in the mining sector with attendance of the Minister of Petroleum and Mineral Resources Tarek El Molla to discuss maximizing the added value of mineral resources in Egypt.
The Egypt Exploration Gateway (EUG) team organized a technical workshop titled 'EUG: Choosing Opportunities to Accelerate Research and Exploration and Increase Production Rates.'
Palliser Capital has advised Capricorn Energy to quit its proposed merger with Tullow Oil.
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.
