Egypt | Egypt Oil & Gas - Part 354

News / Egypt

ExxonMobil Egypt Honors Employees Volunteering in CSR Initiatives

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.

ASORC, PPC Budget Allocates EGP 7 B in Investments for Improving Efficiency

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.

Ministry of Finance’s Debts to MOP Drop to EGP 92 B

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.

Petromaint Signs MOU with Marine Engineering Leader Etermar

Alexandria Petroleum Maintenance Company (Petromaint)'s Chairman, Ahmed Fouad, signed a memorandum of understanding (MoU, with the Portuguese company Etermar.

El Molla Approves Evaluation Results for the Middle Management Program’s Second Batch

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.

El Molla Chairs General Assembly of APC, APRC

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.

Sharqia’s Jazirat Saud Village Connected to National Gas Grid

The Modern Gas Company has begun pumping gas to the first housing unit in Jazirat Saud village located in Sharqia Governorate’s Al-Hussainiya City.

800 ِTaxis Converted to Run On Natural Gas in Aswan

The conversion operations carried out by Gastec and Cargas included around 800 taxis in the governorate so far to increase the number of cars converted with natural gas by 100%, which represents a new success added to the presidential initiative to expand the use of natural gas as a car fuel.

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

CORC Budget for FY 2022/23 Gets Ministerial Approval

Minister of Petroleum and Mineral Resources Tarek El Molla headed Cairo Oil Refining Company’s (CORC) general assembly meeting via video conference to approve planning budget for Fiscal Year (FY) 2022/23.

Page 354 of 1040

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