News / Egypt

El Molla Chairs Ganope General Assembly to Approve 2022/23 Budget

Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired, via video conference, the general assembly of Ganoub El Wady Petroleum Company (Ganope) to approve the budget plan for the next fiscal year (FY) 2022/23.

Madbouly Follows up Development and Service Projects

Mineral Resources, Tarek El Molla, and President of the Arab Organization for Industrialization, Abdel Moneim Al Taras, to follow up on the procedures and efforts to provide the needs of the development and service projects that are being implemented, especially pipes.

MOP Encourages Private Sector to Increase Participation in Petrochemical Investments

Minister of Petroleum and Mineral Resources Tarek El Molla called on the private sector to increase its participation in the investment opportunities provided by the petrochemical industry and the added value it achieves.

Shell Lubricants Renews Contract with Centamin

Shell Lubricants Egypt, a major partner in technical services and investment, are delighted to announce an extension of its contract with Centamin, the international gold producer, to supply lubricants to their Sukari Gold Mine (SGM) in Egypt.

Petromaint, ASPPC Sign Technical Support Agreement

Alexandria Petroleum Maintenance Company (Petromaint) signs a technical support agreement with Alexandria Specialty Petroleum Products Company (ASPPC).

El Molla Discusses Budget Plans of Khalda, Qarun

Minister of Petroleum and Mineral Resources, Tarek El Molla, chairs the general assemblies for Khalda Petroleum and Qarun Petroleum Companies to approve the budget plans for the fiscal year (FY) 2022/23 and the revised budget for 2021/22.

Petro Disouq Obtains ISO Certificates

Disouq Petroleum Company (Petro Disouq) was able to obtain the ISO 14001 & 45001 certificates for its headquarters in Cairo and its fields in Gharbia Governorate.

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

WEPCO to Ramp Up Oil Production by 120% in 2022/23

The Western Desert Operating Petroleum Company (WEPCO) announced that it targets increasing oil production rates by 120% reaching to 6,000 barrels per day (b/d) during the fiscal year (FY) 2022/23.

Egypt’s Petrochemicals Revenues Grow by 50% in FY 2020/21

Fitch Solutions announced that Egypt's petrochemical production has reached 3.34 million tons during the fiscal year (FY) 2020/21, achieving 50% growth in its revenues on an annual basis.

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