Minister of Petroleum and Mineral Resources Tarek El Molla has chaired the general assembly meeting of the Sidi Kerir Petrochemicals Company (Sidpec) to approve the results of its work for the year 2023.
The Ministry of Petroleum and Mineral Resources (MoPMR), along with the Egyptian Natural Gas Holding Company (EGAS) and its subsidiaries, dealt with 2,423 complaints in February 2024, and addressed the reasons for and responded to 1,994 complaints and reports from them.
The Egyptian Cabinet approved five draft laws for licensing to the Minister of Petroleum and Mineral Resources, Tarek El Molla, regarding oil and gas commitment agreements, for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of national and international companies.
ADNOC has generated $500 million in value from deploying 30 AI tools across the company’s entire value chain by 2023. These tools have helped in value creation, improved decision-making process in addition to reducing carbon emissions by 1 million tons between 2022 and 2023, equivalent 200,000 gasoline- powered cars from the road.
As part of the Ministry of Petroleum and Mineral Resources’ strategy to develop natural gas supply services, the Egyptian International Gas Technology Corporation (Gastec) has signed an agreement with inDrive to promote the services of using natural gas as a clean and sustainable fuel provided by Gastec, within the framework of the inDrive policy to preserve the environment and contribute to reducing pollution and improving air quality.
Suriname's state-owned oil company, Staatsolie,m has signed a deal with Petronas and ExxonMobil to extend exploration of a gas discovery off the coast of Suriname in addition to considering the potential of a floating LNG project.
TotalEnergies and Bapco Energies, the leading energy transition company in Bahrain, have cooperated to optimize the trading of petroleum products.
Creating a tidal wave of technological innovation, Huawei Digital Power has signed several memoranda of understanding (MoU) during the Egypt Energy Show (EGYPES) 2024 to support the digital transformation of the Egyptian petroleum sector.
Minister of Petroleum and Mineral Resources Tarek El Molla has commended the achievements of the Gas Exporting Countries Forum (GECF) in boosting the role of natural gas in facilitating the energy transition and emissions reduction.
Italian oilfield services provider Saipem has surpassed its strategic plan targets, reporting a revenue of €11,874 million in its full-year 2023 results, a 19% increase compared to 2022.The company also reported adjusted EBITDA reaching €926 million, a 56% rise from 2022.
