New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exploration and production of oil shale.
Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers and Chemical Industries Co have gradually resumed operations of their plants following a temporary shutdown in recent days on the back of the government suspending the natural gas supplies to energy-intensive industries, according to disclosures sent by the two companies to the Egyptian Stock Exchange.
The Ministry of Petroleum and Mineral Recourses announced on Thursday the resumption of natural gas supply at normal levels to all industrial sectors. following Minister Karim Badawi visit to the main control center of the national natural gas network operated by the Egyptian Natural Gas Company (GASCO) in New Cairo. He oversaw natural gas flow regulation and the security of domestic supply across both the industrial and electricity sectors.
Egypt is taking the needed measures to secure the natural gas supplies, said Prime Minister Mostafa Madbouly at a press conference following the weekly Cabinet meeting.
Misr Fertilizers Production Company (MOPCO) is set to begin implementing an intensive maintenance plan for its factories until operating conditions stabilize. The company announced that the decision is a result of the repercussions of the conflict in the Middle East and its impact on the natural gas supply to factories.
Modern Gas, an Egyptian joint stock company with operations in both Saudi Arabia and the United Arab Emirates (UAE), and the Alexandria Petroleum Maintenance Company (Petromaint), a leading oil and gas service provider in Egypt offering a wide range of expert services, held a meeting with the Iraqi Ministry of Oil. The meeting discussed the prospects of Modern Gas's participation in natural gas network connection projects for power generation plants, brick factories, and cement plants in Iraq.
Nuclear energy is one of the most powerful forms of energy available today. It is derived from nuclear reactions primarily fission, where the nucleus of an atom splits into two or more smaller nuclei, releasing a significant amount of energy. This energy can be harnessed for various applications, most notably electricity generation, but also in medicine and scientific research fields. As global demand for energy grows hand in hand with the urgent need to combat climate change nuclear energy gains renewed attention as a reliable alternative to fossil fuels.
The Egyptian International Gas Technology Company (GASTEC), an affiliate of EGAS, signed a cooperation agreement with Novartis Egypt for Pharmaceuticals to supply biogas to the latter’s factory in Cairo. This is within the framework of the fourth and fifth pillars of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy, which are focused on diversifying sustainable energy sources, promoting environmental sustainability, and reducing emissions.
The National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 billion cubic meters (bcm) of natural gas to the industrial sector, including power plants, petrochemical units, steel producers, and cement factories, during the 18-day period from March 20 to April 7. This marks a 6.89% increase compared to the same period last year.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.
The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028).
