Tarek El Molla, the Minister of Petroleum and Mineral Resources, confirmed his support to the General petroleum company praising its production achievements of oil which exceeded 64,500 b/d for the first time despite the current circumstances of Coronavirus pandemic.
Ibrahim Kshanh, Energy Efficiency Manager at the Egyptian Petrochemicals Holding Company (ECHEM), was awarded the Japan International Cooperation Agency’s (JICA) Doctoral Program (Phd) scholarship on "Energy Policies"; triumphing over 15 candidates.
Cooperation Petroleum (Copetrole) sold a total of 6.5 million tons of petroleum products in fiscal year (FY) 2019/20.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
The Minister of Planning and Economic Development, Hala Al Saeed said that they will invest EGP 60.6 billion in updating the petroleum and mineral resources sector during the fiscal year 2021/2020 representing 8.2% form the total investments.
Tarek El Molla, Minister of Petroleum and Mineral Resouces, called for the importance of developing the refining and manufacturing system to meet the needs of the local market of petroleum products taking into consideration the commitment to preserve the environment.
Petrojet has been ranked 161 from 250 construction companies in the international Engineer News Record (ENR), in addition to a rank of 148 on the regional level, and received a congratulation letter from the Minister of Petroleum and Mineral Resources, Tarek El Molla.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has examined the new EGP 920 million 115 kilometers (km) Sokhna - El-Tebeen pipeline project for the circulation of petroleum products.
The Minster of Petroleum and Resources, Tarek El Molla, has inspected the new petroleum projects in Ain Sokhna, including Sonker’s liquid bulk terminal which is located in the third basin of Al Sokhna Port and will be finalized with $235 million of investments.
Energean’s Abu Qir’s production recorded 38,000 barrels of oil equivalent per day (bbloe/d) in H1 2020, exceeding 2020 guidance of 34,000 - 37,000 bbloe/d.
