According to the company's production Summary, TransGlobe's production from Egypt reached a year-to-date (YTD) average of 10,045 barrels of oil equivalent per day (boe/d). In Egypt production was impacted by poor weather in February and higher water cuts than anticipated at South Ghazalat.
El Molla explained that the implementation of the ministry's strategy reflected positively on the success of Petrojet's plan during the past five years and its achievement of tangible results that speak for themselves, which are considered a success story to be emulated, stressing the importance of supporting digital transformation, safety, human capacity development, and empowering youth and women.
Minister of Petroleum and Mineral Resources, Tarek El Molla, received Christian Berger, the Ambassador of the European Union (EU) in Cairo, and his accompanying delegation, where they reviewed areas of joint cooperation between the petroleum sector and European companies.
Tanmia Petroleum’s Chairman and Managing Director, Ahmed Bahgat, reviewed the company’s activity during 2021 and what it included in achieving an increase in the company’s profits by 50 percent over the year before, in light of the challenges that the company faced.
The Egyptian Company for the Distribution of Natural Gas for Cities (Town Gas) held a general assembly meeting to approve the results of its work during 2021, in the presence of Magdy Galal, Chairman of the Egyptian Natural Gas Holding Company (EGAS), and Alaa Al Batal, the Egyptian General Petroleum Corporation (EGPC)’s Chairman.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a decree assigning Ayman Farouk Hassan Saad as Chairman of Petrosport.
Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the remote monitoring and control system (SCADA System) for the natural gas car refueling stations affiliated with Gastec.
President Abdel Fattah El Sisi received a delegation from the Italian oil company Eni headed by Claudio Descalzi, CEO of the company, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources.
Prime Minister Mostafa Madbouly witnessed the signing of a framework agreement for cooperation in renewable energy and green hydrogen projects in a number of African countries.
