Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla met with Algerian Minister of Energy and Mines Mohamed Arkab via video conference to discuss investment opportunities and ways to enhance cooperation, especially in the field of energy and mines.
The Egyptian Linear Alkyl Benzene (ELAB) has assigned Petroelum Safety and Environmental Services company (PetroSafe) to implement flaring gas monitoring project using the monitoring system developed by Baker Hughes
Capricorn Energy finalized an agreement with Tullow Oil to merge in an all-stock deal worth $826.7 million, in which its Egyptian onshore gas fields will have the second biggest share in production, Reuters reported.Â
Aton Resources Incorporation has drilled more high-grade gold-polymetallic sulfide mineralization at Rodruin, with returns of around 7.04 g/t gold, 47.2 g/t silver, 0.63% copper, and 7.18% zinc over 36.9 meters.
Egypt's natural gas and liquefied natural gas (LNG) export revenues increased by 98% to reach $3.892 billion in the first four months of 2022.
The Egyptian Mineral Resources Authority (EMRA) announced the result of the international bidding for gold and minerals in the Eastern Desert for the year 2020, in its second round.
Altus Strategies announced that it has discovered multiple high grade gold prospects from reconnaissance sampling across all four of its current projects in Egypt.Â
The Minister of Petroleum and Mineral Resources Tarek El Molla stated that Egypt is currently working on updating the national sustainable energy including hydrogen as clean fuel managed by a national committee to be used in Egypt.
Petrojet and Siemens have signed a memorandum of understanding (MoU) to support the petroleum, infrastructure, utilities, and water sectors in the Egyptian market.
The Egyptian House of Representatives approved The Suez Canal Economic Zone (SCZONE)'s general budget for fiscal year (FY) 2022/23 at a value of EGP 42 billion.
