Parliament Approves Draft Laws for New E&P Agreements
The House of Representatives approved a law authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract for exploration and production (E&P) projects across the republic.
News / Egypt
El Molla Issues New Transfers at ELNG
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a new transfers movement among the petroleum companies to support the petroleum sector with the necessary capabilities.
El Molla Urges Employees to Maintain COVID-19 Precautionary Measures
Minister of Petroleum and Mineral Resources, Tarek El Molla, called for increasing the precautionary measures taken against the COVID-19 to protect the workers and their families.
Petroleum Investments Surpass EGP 1.2 T in 6 Years
The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.
IOCs Highlight Egypt’s Investment Potentials During AEC
Shell and Schlumberger have participated in the fourth edition of Al-Ahram Energy Conference (AEC) to discuss their investments in Egypt.
Regas to Connect Natural Gas to 126,500 Clients by June 2021
The Chairman of Gas Region (Regas) Company, Hatem Abdel Ghany, stated that Regas targets to link natural gas to 126,500 clients in its operation regions until June 2021, noting that the company is operating in Sohag, Qena, Marsa Matruh, and New Alamein in addition to 11 area in Al Sharqiya.
Egypt Participates in OAPEC Meeting
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has participated in the Organization of Arab Petroleum Exporting Company (OAPEC) virtual meeting via video conference launched from Kuwait.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Gastec, MSMEDA Sign Fourth Phase Contract for NGV Conversion Fund
The Chairman of the Egyptian International Gas Technology (Gastec), Abdel Fattah Farahat, has signed the fourth phase of the fundng contract for converting cars to run on dual fuel (natural gas- gasoline) with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) worth EGP 10 million under the presidential initiative to expand the utilization of natural gas as a fuel for vehicles.
LNG Exports From Idku Plant Soar on Back of Price Rising
Egyptian Liquified Natural Gas (LNG) exports have risen to nine cargoes since the end of October compared to six cargoes during the first quarter of 2020 and one cargo between the end of the first and end of October.
