El Molla Inspects Petroleum Projects, Inaugurates Natural Gas Fuel Station in Suez
The Minister of Petroleum and Mineral Resources Tarek El Molla has inspected several petroleum projects in Suez and inaugurated a new natural gas station.
The Minister of Petroleum and Mineral Resources Tarek El Molla has inspected several petroleum projects in Suez and inaugurated a new natural gas station.
El Molla attended the Engineers Syndicate Symposium 'The Egyptian Petroleum Sector between Challenges and Achievement'.
Dana Gas Company collections from Egypt increased 96% year-on-year in the first ten months of 2021 to reach $133 million from $68 million during the same period of 2020.
The relations between Egypt and France are long, solid, and have witnessed great development and remarkable momentum in recent years.
The Egyptian Cabinet has approved the Third Amendment of Pharos Energy's El Fayum Concession Agreement.
Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundation stone for a coking and diesel production facility at the Suez Refinery in the presence of senior officials.
The project will involve approximately 6,800 square kilometers. It will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable sub salt imaging.
The draft agreements authorize The Egyptian General Petroleum Corporation (EGPC) and several international companies to conduct E&P activities in the Gulf of Suez and the Nile Delta.
The MoU was signed by, Sherif Bayoumy, Managing Director, Egypt & East Mediterranean GeoUnit at Schlumberger, and Denisse Abudinén Butto, CEO of ENAP Sipetrol and General Manager ENAP Sipetrol Egypt branch.
 Suez Canal Authority (SCA) reduced the rebate granted to liquefied natural gas (LNG) carriers to 15% from 25%.