Shell Exploration & Production B.V., subsidiary of Royal Dutch Shell plc., signed Farm Out Agreements (FOAs) with QatarEnergy, under which QatarEnergy will acquire 17% stake in each of Shell-operated Block 3 and Block 4 in the Egyptian Red Sea.
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed two contracts with Natural Gas Vehicles Company (Car gas) and the Egyptian International Gas Technology Co. (Gastec), totaling EGP 200 million, in order to finance the vehicle conversion initiative.
Prime Minister Mostafa Madbouly met with the Minister of Petroleum and Mineral Resources Tarek El Molla to review the latest updates regarding the implementation of several petroleum projects as well as the key outcomes of the 23rd world petroleum conference (WPC).
This comes within the framework of the Modernization project, and the vision of Minister of Petroleum and Mineral Resources, Tarek El Molla, the necessity to accelerating digital transformation projects and benefitting from it in providing outstanding customer services.
Egypt’s Ras Badran Tank Farm has been named the Mena Oil and Gas Project of the Year at the MEED Projects Awards 2021.
El Molla met with Brian Mast, Claudia Tenney, and Ted Deutch, members of the Congress and the Subcommittee for the Middle East, Energy, and Environment, as well as Senator Ted Cruz, a member of the US Senate and a member of the House Foreign Rations Committee.
On the sidelines of the 23rd World Petroleum Conference, Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Brendan Bechtel, Chairman and CEO of Bechtel, to discuss the work progress at the Red Sea Petrochemical Complex.
El Molla's meetings included talks with Mike Wirth, Chevron International Chairman and CEO, Natasa Pilides, Cypriot Minister of Energy, Clay Neve, President of Cheveron International Company for Exploration and Production, as well as John Ardell, ExxonMobil Vice President for Research and Exploration.
Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in a ministerial discussion session at the World Petroleum Conference currently being held in Houston, USA.
On the sidelines of Minister of petroleum and mineral resource Tarek El Molla participation in World Petroleum Congress, he held bilateral talks with John Christmann, President and CEO of Apache Corporation in Houston.
