Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
News / Egypt
El Molla Appoints New Chairman for Petrosport
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a decree assigning Ayman Farouk Hassan Saad as Chairman of Petrosport.
El Molla Inaugurates Gastec’s SCADA System
Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the remote monitoring and control system (SCADA System) for the natural gas car refueling stations affiliated with Gastec.
Sisi Meets with Eni Delegation
President Abdel Fattah El Sisi received a delegation from the Italian oil company Eni headed by Claudio Descalzi, CEO of the company, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources.
Madbouly Witnesses Green Hydrogen, Renewables Cooperation Agreements
Prime Minister Mostafa Madbouly witnessed the signing of a framework agreement for cooperation in renewable energy and green hydrogen projects in a number of African countries.
El Molla Discusses Energy Transition, COP 27 With Angola’s Delegation
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Angolan Minister of Foreign Affairs, Téte António, Angolan Minister of Youth and Sports, Ana Paula, and the accompanying delegation.
EPROM Announces 2021 Business Results
The Egyptian Projects Operation & Maintenance Company (EPROM) held a general assembly meeting in order to approve its business results for the year 2021, in the presence of Alaa El Batal, Chairman of the Egyptian General Petroleum Corporation (EGPC), his deputies, and members of the Board of Directors and the Central Auditing Organization.
Tharwa Breda Produces 222 Wellhead Units in 2021
Tharwa Breda Petroleum Services Company (TBPSCO) announced that it has produced 222 wellheads during 2021, achieving an increase in its revenues by 53% compared to 2020.
El Molla Celebrates Women’s Month at “She is Energy” Event
On the occasion of women’s month, Minister of Petroleum and Minerals Tarek El Molla participated in the second edition of “She is Energy” Recognition Ceremony and Dinner organized by Egypt Oil & Gas (EOG) to celebrate and promote the contribution of women in Egypt’s energy sector.
QatarEnergy to Acquire 40% of Offshore Block in Egypt
Qatar Energy entered an agreement with ExxonMobil to obtain 40% working interest in an offshore exploration block in Egypt. The agreement is pending governmental customary approval.
