The Minister of Petroleum and Mineral Resources, Tarek El Molla, urged the Cooperation Petroleum Company’s (Copetrole), and Misr Petroleum Company to renew and develop their distribution systems to transport petroleum products from shipping warehouses, fuel transmission vehicles, and supply stations in line with latest technologies.
The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount exceeding EGP 930 million from Sukari gold mine, since the start of operation until the last of December 2020.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, encouraged the production expansion projects and infrastructure development of Amerya and Alexandria refineries following a time schedule to achieve the goals of increasing production and providing high quality petroleum products.
Egypt will reduce jet fuel prices by 15 cents per gallon from 21 January till the end of 2021 to support the tourism and aviation sectors, which facing COVID-19 pandemic challenges.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of an agreement with the International Islamic Trade Finance Corporation (ITFC) to provide integrated financing solutions to all Egypt's sectors for 2021 worth $1.1 billion. This was in the presence of Hala El Said, the Minister of Planning and Economic Development, Ali Al-Moselhi, the Minister of Supply and Internal Trade, Rania Al-Mashat, the Minister of International Cooperation (MOIC), and Neveen Gamea, the Minister of Trade and Industry via video conference.
The International Drilling Material Manufacturing Company (IDM) renews the ISO 9001: 2015 for quality management system Certificate, the API Q1 9th Edition Certificate issued by the American Petroleum Institute for Quality Management Systems for manufacturing organizations in the oil and natural gas industry, and the API 5CT 10th Edition Certificate for manufacturing pipes for lining and drilling oil wells, according to the General Trade Union for Petroleum Workers.
Egypt will implement new projects to develop and raise the efficiency of national network of pipelines for transporting petroleum products and expanding network lines in an efficient and easy manner.
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.
Egypt is implementing new oil refineries and projects in Cairo, Alexandria, Assiut, and Suez with investments about $7 billion. The Minister of Petroleum and Mineral Resources, Tarek El Molla, attributed the new refineries' success to meeting and securing the local market needs of petroleum products.
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