Tarek El Molla, Minister of Petroleum and Mineral Resources in cooperation with Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research, has agreed to design a new technological oil and gas curriculum for new technological universities.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, raised the subject of establishing a pipeline to transport crude oil from Iraq to Egypt and Jordan.
Abu Qir Petroleum Company, has obtained ISO certificate of 14001/2015 which came in line with the directives of the Minister of Petroleum and Mineral Resources, Tarek El Molla towards applying the highest standards of health, safety and environment (HSE) in all the petroleum companies.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a new round of transfers within the financial affairs' Vice Presidents (VPs) and Assistants in petroleum sector’s companies in his endeavor to support the sector with the necessary competencies.
Badr El-Din Petroleum Company’s (Bapetco) Badr 1 production recorded 1.15 million barrels of oil (mmbbl) in the fiscal year (FY) 2019/20, an 11% increase from initial plans.
Khaled Abu Al Makarem, the Chairman of Chemicals and Fertilizers Export Council (CEC), said that the government is discussing to decrease the natural gas prices for the petrochemical factories to $3.5 per thermal unit.
The Chairman of Gastec company, Abdel Fattah Farahat, that the Minister of Petroleum and Mineral Resources, Tarek El Molla, directed towards expanding the establishment of natural gas stations by adding 366 at a cost of $1 billion in the framework of covering all the governorates during three years.
The Ministry of Petroleum and Mineral Resources, stated that Wood Technology Company (WOTEC) is one of the most of its important petrochemical projects to achieve value-addition and economic revenue.
Dana Gas is currently in negotiations with IPR Energy about the sale of its Egyptian assets ahead of repayment of about $300 million in debt in October.
The Chairman of Khalda Petroleum Company, Saeed Abdel Moniem, said that the average of its oil and condensates production reached to about 145,500 barrels per day (b/d) during the fiscal year (FY) 2019/2020, while the average of butane production recorded 1,600 b/d.
