The Chairman of Suez Canal Authority Osama Rabie disclosed that the Canal recorded the highest daily shipping rates on August 7, 2022 reaching 89 ships with total loadings 5.2 million tons from the two sides.Â
Tarek El Mulla, Minister of Petroleum and Mineral Resources, had a phone call with Karen El Harar, Israeli Minister of Energy, to discuss areas of cooperation between the two sides in the natural gas sector in the region and bilateral cooperation in order to contribute to securing part of the European Union's energy needs.
Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundation stone for the expansion of the Al-Hamra Petroleum Port area.
The port is located on a beachy plot of land on an area of ​​120 acres with the aim of increasing the storage capacity of the port facilities by adding four storage tanks with a capacity of 630,000 barrels of crude each, to reach a storage capacity of 5.3 million barrels to facilitate the movement of trading and receiving crude oil in the port of Al-Hamra. This is in addition to the 420-acre plot of land adjacent to the area of ​​the port of Al-Hamra, which will be used as an area for the circulation/distribution of petroleum products and a shipping station to serve the expansions of Al-Alamein, the new urban development, Al-Alamein and Al-Masahah areas.
United Oil & Gas (UOG) announced that it has encountered seven meters of net oil pay in the Primary Abu Roash C ("ARC") reservoir while drilling Al Jahraa-14 development well ("AJ-14") in the Abu Sennan licence.Â
Minister of International Cooperation Rania Al-Mashat met with Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), to discuss cooperation and joint initiatives during COP27 to be held in Sharm El-Sheikh next November.
BP announced its performance and results for Q2 2022. The company reported operating cash flow in the quarter of $10.9 billion and $19.1 billion respectively, compared with $5.4 billion and $11.5 billion for the same periods last year. The increase is driven largely as a result of higher realizations.
The Minister of Petroleum and Mineral Resources Tarek El Molla has met a delegation from ExxonMobil company chaired by  Hugo Detré , EAME Retail Sales and Marketing Manager of the company to discuss the ways of expanding and developing their investments in fuel distribution in Egypt.
Minister of International Cooperation, Rania Al-Mashat, met with Nigel Topping, the British climate action pioneer and high-level United Nations (UN) representative for the COP27 Climate Summit, in the presence of Gareth Bailey, British Ambassador in Cairo, in the framework of her meetings with multilateral and bilateral development partners and representatives of regional and international organizations regarding Egypt's preparations for the COP27 Climate Summit to be held next November in Sharm El-Sheikh.
Prime Minister Mostafa Madbouly has conducted a ministerial economic committee meeting to follow up on the latest economic situation and governmental efforts to overcome the consequences of the Russia-Ukraine war.
The Chairman of Suez Canal Authority (SCA) Osama Rabie announced that Suez Canal recorded the highest revenues of July 2022 amounts to $704 million which is the highest per month compared to $531.8 million in July 2021.
