The Minister of Petroleum and Mineral Resources, Tarek El-Molla, accompanied by Luxor Governor Mustafa Alham, inaugurated the first two integrated fuel stations to supply cars with natural gas to serve Luxor and its neighboring areas.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Al-Hamra port in the Mediterranean region will increase its oil production from 1.5 to 2.6 million barrels (mmbbl), which represent 73.3% to transform Egypt into a regional hub for oil and gas.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, urged Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) to increase the number of their development and exploration wells in order to boost both companies' production plans. The minister noted that the recent discoveries in the Western Desert only prove that the region has not yet revealed all its untapped potential.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has agreed with the Minister of Transportation, Kamel El Wazeer to revive the efficiency of Gouna Petroleum basin in Alexandria port.
The Suez Canal Authority (SCA) has succeeded in attracting the largest amount of the LNG tankers between the US and Far East at January 2021 compared with the competing routes and channels, according to the ARGUS International company’s report.
United Oil & Gas PLC (UOG) will increase its production in Egypt to be average 2,300 and 2,500 barrels of oil equivalent per day (bbloe/d) for H1 2021, while in 2020 its production reached 2,195 (bbloe/d).
The Egyptian Process Safety Management (PSM) Steering Committee today hosted a webinar sponsored by Methanex Egypt titled “Modernizing Process Safety Management: From Vision to Reality.” The webinar was led by the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla. The speakers’ panel included the Egyptian General Petroleum Corporation (EGPC) CEO Abed Ezz El-Regal, the Egyptian Petrochemicals Holding Company (ECHEM) Chairman Saad Helal, Methanex Egypt Managing Director Mohamed Shindy, in addition to representatives of the Egyptian PSM Steering Committee and attended by over 570 executives of the petrochemicals and downstream oil and gas industry in Egypt.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated a speech about the achievements and challenges of the ministry before the House of Representatives.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Natural Gas Holding Company (EGAS) will offer onshore and offshore exploration blocks including the Mediterranean, Delta, as well as the Western and Eastern Desert for bids from energy companies within the next two weeks, according to an interview of Gulf Intelligence with the minister.
