President Abdel Fattah Al-Sisi ratified law No. 549 of 2020 amending some articles of the presidential decree No. 419 of 2018 regarding customs tariff, imposing a tax of 2% tax on supply stations imports.
The Ministry of Petroleum and Mineral Resources plans to install 600,000 pre-paid meters in the upcoming years, Minister Tarek El Molla stated.
The Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee have sent the second batch of medical equipment today, Thursday 17, to support the medical community amid the coronavirus (COVID-19) outbreak.
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the amount of consumed petroleum products declined 2.1% to 77.4 million tons during the fiscal year (FY) of 2018/2019 compared to 79.1 million tons during the previous year.
Ganoub El Wadi Petroleum Holding Company (Ganope) drilled seven exploration wells resulting in two new discoveries, in the Geisum and Tawila fields, and Petromeliha field in the Gulf of Suez and increasing production rates by 5%.
Eni has announced a new natural gas discovery in Great Nooros Area which is located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.
Ib Vogt has sold its shares in the 64.1 Megawatt Peak (MWp) “Infinity 50” photovoltaic project in Benban to Abu Dhabi’s renewable energy company Masdar.
According to the official Egyptian newspaper, the President Abdel Fattah Al Sisi has approved the law no 167 for the year of 2019 to allow the Minister of Petroleum and Mineral Resources to contract with the Egyptian General Petroleum Corporation (EGPC) and Apache LDC.
Saad Helal, the Chairman of Egyptian Petrochemicals Holding Company (ECHEM), stated that his company is rapidly working on implementing number of new projects of its national plan for the period of 2020/2035.
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.
