During a recent press conference announce the government's vision to deal with the current global economic crisis, Prime Minister Mostafa Madbouly stated that Egypt is on track to becoming a major center for the production of future energy represented by green hydrogen and green ammonia.
Minister of Petroleum and Mineral Resources Tarek El Molla inaugurated the trial operations of the comprehensive development projects in the Egyptian Petroleum Company's (EPC) factories in Alexandria.
Prime Minister Mostafa Madbouly stated that Egypt exports part of the natural gas it produces and receives gas from neighboring countries in order to create an added value for it.
During an inspection tour, the Minister of Petroleum and Mineral Resources Tarek El Molla announced the launch of the operation for the second phase of MIDOR refinery expansion project including four new stocks with capacity of 400,000 barrels of crude and 290,000 barrels of petroleum products.
The Minister of Petroleum and Mineral Resources Tarek El Molla has inspected the medium-density fiberboard (MDF) production project from Rice straw to check the progress of its construction and Installation processes.
In the nation's effort to reduce the economic fallout of skyrocketing oil prices, Minister of Petroleum and Mineral Resources Tarek El Molla stressed the importance of increasing crude oil and natural gas production in a meeting to follow up on the sector's activities in this regard.Â
In its quarterly report, Dana Gas, the Middle East's largest natural gas company, announced that its net profit increased by 125% in Q1 2022, reaching $54 million or 2.8 fils per share, compared to $24 million or 1.26 fils per share in Q1 2021, which reflects strong business performance.
Egypt has signed a memorandum of understanding (MoU) with an alliance of TotalEnergies and Enara Capital company to establish new green ammonia project in the Suez Canal Economic Zone (SCZone) producing 300,000 tons of ammonia of clean energy.
Aton Resources has a released a follow up report on the latest development of its diamond drilling program at it advanced Rodruin gold exploration project located in Abu Marawat Concession in the Eastern desert.
Around 150 gas fueling stations are entering service, El Molla noted, adding that the spread of stations in various regions encourages and motivates citizens to use natural gas as a fuel for cars.
