The Ministry of Petroleum and Mineral Resources signed 26 agreements for exploration and production (E&P) activities to develop petroleum reserves in addition to pumping $6.3 billion in investments from 2018 to 2020, according to a detailed report by the Cabinet offering a two-year insight on the government's work program in the aforementioned timeframe.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met with Glenn Miles, Australia’s Ambassador to Egypt, to discuss the pandemic’s impact on the global gas market and mining activities in Egypt.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, showcased the activities of the Korean companies working in implementing petroleum projects in Egypt with the new Korean Ambassador, Hong Jin-Wook, during bilateral discussions.
TransGlobe's production in October showed significant progress with approximately 12,162 barrels per day (bbl/d), a 1% increase from Q3 2020 and below the revised budget expectations, with Egypt producing 10,303 bbl/d.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Dana Gas Company announced that it generated a net profit of $31 million during the first nine month of 2020 compared to $69 million during the same period of 2019, excluding one-off non-Cash impairments and other income items.
Abdel Fattah Farahat, the Chairman of the Egyptian International Gas Technology (Gastec), has signed a contract for funding cars’ conversion to run on dual fuel (natural gas/octane) with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) worth EGP 10 million.
President Abdel Fattah Al Sisi has discussed cooperation ways in Energy with the Greece’ Minister of Energy and Environment, Kostis Hatzidakis during his visit to Athena.
The Egyptian International Gas Technology (Gastec) plans to establish about 400 natural gas stations across Egypt within the next two years.
Cooperation between countries is a must to overcome the Covid-19 pandemic and its repercussions on the energy future to secure energy needs, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated during the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC).
