The Minister of Petroleum and Mineral Resources, Tarek El Molla, has showcased the situation of the petroleum and natural gas industry in Egypt during his participation in the ministerial panel that took place in US.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting with the United States Secretary of Energy, Dan Brouillette, to discuss ties between the two countries in the petroleum and natural gas field as well as the US companies’ investments in Egypt.
The Cabinet’s media center denied rumors about an increase in household natural gas prices.
Egypt and the US discussed ways to strengthen ties through an Energy strategic partnership.
During his participation in a round table for business leaders in Washington, Minister of petroleum and Mineral Resources, Tarek El Molla, showcased the latest updates of the regional cooperation in natural gas highlighting the East Mediterranean Gas Forum (EMGF) contributions.
Tarek El Molla, Minister of Petroleum and Mineral Resources discussed with some international oil companies (IOCs) their future investments and activities in Egypt.
Maersk Drilling company announced that it has been awarded a contract for the semi-submersible rig Maersk Discoverer offshore Egypt estimated at around $3.8 million.
The Egyptian General Petroleum Corporation (EGPC) will license 60-70 new fuel stations all over Egypt, with minimum investments of EGP 180 million, said Adel Ayyad, Chairman of the Board of Directors of the Cooperation Company for Petroleum.
Egypt’s mining bid round became the highlight of PDAC; World’s Premier Mineral Exploration & Mining Convention in Canada.
The Egyptian Petrochemicals Holding Company (ECHEM) studies issuing instruments worth EGP1 billion in the aim to diversify its funding mechanisms to finance projects as well as its shares in the subsidiaries.
