Egyptian Oil Ministry Spokesman Hamdy Abdel Aziz rejected rumors about a possible increase in natural gas prices, regarding figures published on social media as false. The official natural gas prices were published across official channels in January, and hence all the rumors are not correct, Abdel Aziz stated on El Hekaya, one of Egypt's nightly broadcast programs.Â
On the sidelines of the MENA Europe Future Energy Dialogue hosted by Jordan, Minister of Petroleum and Mineral Resources Tarek El Molla held a series of bilateral meetings with a number of European ministers, one of which was with the German Minister of Economic Affairs and Climate Action Robert Habeck.
Minister of Petroleum and Mineral Resources Tarek El Molla signed a memorandum of understanding (MoU) with his Jordanian counterpart Saleh Al-Kharabsheh during the MENA Europe Future Energy Dialogue (MEFED 2022) to support and enhance cooperation between the two countries, especially in the fields of mineral resources, petrochemical industries, and oil and gas.
In Jordan's Dead Sea area, Minister of Petroleum and Mineral Resources, Tarek El Molla participated in a high-level ministerial discussion session at the conclusion of the second day of the MENA Europe Future Energy Dialogue (MEFED 2022). Â
Alexandria Petroleum Maintenance Company (Petromaint) announced that it has achieved total profits from its operations reaching EGP 126.6 million during Q1 2022, compared to EGP 77.81 million during the same period in 2021, an increasing of 62.7%.
Minister of Petroleum and Mineral Resources Tarek El-Molla and his Jordanian counterpart Minister of Energy and Mineral Resources Saleh Al-Kharabsheh signed a memorandum of understanding (MoU) for bilateral cooperation in the fields of mining, oil, gas, and petrochemical industry.
This comes as the Ministry of Petroleum and Mineral Resources announced the sector's achievements during the period from July 2014 to June 2022. The sector's milestones include the launch of 10 international bids during that period to search for oil and gas in the onshore and offshore areas in the Mediterranean, the Red Sea, the Delta, the Western and Eastern Deserts, the Gulf of Suez and Upper Egypt.
In an announcement about its important milestones from July 2014 to June 2022, the Ministry of Petroleum and Mineral Resources stated that Egypt's total production of petroleum throughout the past eight years amounted to an estimated 597 million tons.
The Ministry of Petroleum and Mineral Resources announced that the Egyptian petroleum trade balance achieved a surplus of EGP 46.4 billion in 2021.
The bidding will include sites with local investments for small miners, also known as individual mining, to cut down on random mining and conserve wasted wealth. It will also include sites for global investments, a source from the company told Egypt Oil & Gas Newspaper.
