The Minister of Petroleum and Mineral Resources, Tareq El Molla, participated in the 5th International Energy forum of the European Union (IEF-EU) Energy and Climate Day via video conference to achieve a safe and sustainable future for the clean energy.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, reviewed before the Cabinet, headed by Prime Minister Mostafa Madbouly the results of his recent visit to Ramallah and Tel Aviv, in addition to signing of protocol to develop the Gaza gas field.
Wintershall Dea announced that it has achieved the highest level of production during Q4 2020 since the company’s merge, increasing to 650,000 barrels of oil equivalent per day (boe/d) and achieved 623,000 boe/d during the whole 2020, Mario Mehren, CEO of Wintershall Dea.
Hungary aims to import natural gas from Egypt once a Greek-Bulgarian pipeline is complete, according to a press conference.
Egypt and Palestine signed a memorandum of understanding (MoU) between the partners of the Gaza gas field; the Palestine Investment Fund (PIF), the Consolidated Contractors Company (CCC), and the Egyptian Natural Gas Holding Company (EGAS) to develop the Gaza gas field and the necessary infrastructure.
The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers for 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman, stated.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Minister of Energy in Israel, Yuval Steinitz, have agreed on working on an official agreement to link Leviathan field to the liquefied natural gas (LNG) units in Egypt through an offshore pipeline.
The Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) have offered the first digital international bid round in 2021 for petroleum exploration and production (E&P) operations in 24 Blocks at the Gulf of Suez, Western Desert and the Mediterranean.
The Egyptian cabinet announced that the Damietta liquefied natural gas (LNG) plant has resumed its operation after its eight-year hiatus, by receiving the LNG carrier Golar Glacier coming from Singapore to load and transport 60,000 tons of LNG from Egypt to Bangladesh.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
