Madbouly Reviews Incentives Scheme for Car Conversion
Prime Minister Mostafa Madbouly reviewed an incentive scheme for converting old vehicles to
run on natural gas in addition to a strategy for manufacturing electric vehicles.
News / Egypt
Egypt Gas, IDB Discuss Cooperation Mechanisms
The Chairman of Egypt Gas company, Wael Gowayed, has met with the Chairman of Industrial Development Bank, Maged Fahmy, to discuss cooperation between the two parties
El Hamra Oil Organizes Safety Stand-Down
El Hamra Oil Company organized a Safety Stand-Down under the leadership of the company’s Chairman and Managing Director, Ahmed El Sherif, which asserts the company’s intertest in health, safety and environment (HSE) under the slogan “Safety Is First”.
Schlumberger Introduces PNX Technology to Egypt
Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).
GPC Makes New Natural Gas Discovery in Abu Sennan
The General Petroleum Company (GPC) has made a new natural gas discovery in Abu Sennan concession producing 28 million cubic feet per day (mcbf/d) in addition to 1,180 barrels of condensates per day of API 64° when it is opened one inch.
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
El Molla: 50,000 Cars to Be Converted to Natural Gas in FY 2020/21
The Minister of Petroleum and Mineral Resources, Tarek El Molla, confirmed that the ministry is targeting to convert about 50,000 cars to run on natural gas during fiscal year (FY) 2020/2021 and is currently studying to increase that number in light of the official plan to expand the use of natural gas as fuel for car.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
El Molla Visits Gastec’s Fuel Conversion Center
Approximately 42,000 cars were converted to run with dual fuel of natural gas and diesel in 2020, indicating a 25% increase over the previous fiscal year (FY). This brings the total number of converted cars that since the start of the project to about 320,000 cars.
Al-Nasr Petroleum Obtains ISO 14001 Certificate
Al-Nasr Petroleum Company received ISO 14001 certificate for environmental management systems for environmental preservation from Petrosafe.
