News / Egypt
Petroleum Minister Inspects Ethylene Project in Alexandria
Minister of Petroleum and Mineral Resources Tarek el Molla visited the ethylene production project in Alexandria, to inspect its implementation, reported State Information Service. The project is worth $1.9b, and represents a model of successful partnership between the petroleum sector and the Egyptian banks.
Egypt Borrows Dollars to Pay International Oil Firms
Minister of Petroleum and Mineral Resources Tarek El Molla told Daily News Egypt that discussions are ongoing with the Ministry of International Cooperation to obtain part of their loan of dollars.
Japan to Promote Energy Efficiency in Egypt
Japanese Ambassador to Cairo Takahiro Kagawa said that his country is ready to provide all the help that it can in relation to energy-saving, especially in light of the energy crisis Egypt is facing.
Introducing the New EGPC Head: Mohamed Al-Masry
Biographical Details of EGPC Head Mohammed Al-Masry.
Petroleum Ministry to Secure LPG Supply in Winter
Tarek El Molla, Minister of Petroleum and Mineral Resources met with the heads of Petrogas, Petrosafe, EPROM, Petroleum Pipeline Company and MID TAP to discuss methods of ensuring a steady supply of LPG during the coming winter season, reported Egypt Oil & Gas.
Mohamed Al-Masry Appointed Head of EGPC
Egypt Oil & Gas learned that Petroleum Minister Tarek El Molla appointed Mohamed Al-Masry as Head of the Egyptian General Petroleum Corporation (EGPC).
Fuel Trucks and Stations to Be Monitored Electronically
Egypt Oil & Gas learned that Tarek El Molla, Minister of Petroleum and Mineral Resources, held an extended meeting with heads of fuel distribution companies in Egypt to put together an advanced strategy for distributing petroleum derivatives for the coming period and to eliminate outlying problems facing this key sector.
Elevated Dollar Value May Impede Egypt’s Ability to Pay IOCs
A state official told Egypt Oil & Gas that higher dollar exchange rates in the local market are threatening the ability of the Egyptian government to repay debt installments to international oil companies (IOCs), especially as some IOCs reject payment of dues in Egyptian Pound, and insist on foreign currency.
