Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with Malaysian Ambassador to Cairo Zamani bin Ismail to discuss opportunities for cooperation and joint investment in the oil and gas sector.
Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new agreements with TransGlobe and Pharos Energy to search for, develop and produce petroleum in several regions in the Eastern and Western Desert, with a total new minimum investment of $506 million, and a signature grant of $67 million to drill 12 wells.
Minister of Petroleum and Mineral Resources Tarek El Molla held talks with the Belgian ambassador in Cairo François Cornet d'Elzius, Port of Antwerp Managing Director Kristof Waterschoot, and his accompanying delegation.
An international consortium led by Energean Egypt (50% operator and Croatia’s INA Nafta 50%) was awarded an exploration license for the East Bir El-Nus concession (Block-8), in the Western Desert of Egypt.
ExxonMobil Egypt, one of the leading companies in the Egyptian energy market, held a special ceremony to honor all its volunteer employees in 3 different community initiatives during 2021, in light of the company's strategy to achieve sustainable development by developing the capabilities of young people in various fields.
Minister of Petroleum and Mineral Resources Tarek El Molla announced that the new budget for Assiut Oil Refining (ASORC) and Petroleum Pipelines Company (PPC) allocates EGP 7 Billion worth of investments to improve the efficiency of the production systems.
The Ministry of Finance’s financial debts to the Ministry of Petroleum and Mineral Resources reached EGP 92 billion, up from EGP 110 billion within 6 months.
Alexandria Petroleum Maintenance Company (Petromaint)'s Chairman, Ahmed Fouad, signed a memorandum of understanding (MoU, with the Portuguese company Etermar.
Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the results of the final evaluation phase for the second batch of the Middle Management Program.
Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Alexandria Petroleum Company (APC) and Amreya Petroleum Refining Company (APRC), via videoconference, to approve their budget plans for fiscal year (FY) 2022/23.
