The International Drilling Material Manufacturing Company (IDM) led by a joint alliance with major raw materials factories, succeeded in winning a tender from Khalda Petroleum Company worth $200 million to manage the manufacture and supply of 45,000 tons annually of well drilling equipment and supplies for a period of 3 years.
At the end of the second day of Egypt Energy Show (EGYPES) 2024, the Minister of Petroleum and Mineral Resources Tarek El Molla has delivered excellence awards for sustainable development and environment projects during the year. The awards comprised five categories.
ADNOC and bp have just announced that they have agreed to form a new joint venture (JV) for developing natural gas facilities in Egypt.
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a transfer movement that included a deputy for oversight of foreign and joint companies and general managers for financial affairs of petroleum sector companies.
During the ninth Egypt Oil and Gas Convention (EOGC), Minister of Petroleum and Mineral Resources Tarek El Molla has presented the Operational Excellence Awards in three categories.
Belayim Petroleum Company (Petrobel) Chairman Khalid Mowafi announced that Zohr field production of natural gas reached 2.4 billion cubic feet (bcf) during the fiscal year (FY) 2022/23 in addition to about 3,700 barrels per day (b/d) of condensates.
Khaled Mowafi, the chairman of Chairman and Managing Director of Belaim Petroleum Company (PETROBEL) announced that his company produced oil, natural gas, butane, and condensates of 93 million barrels of oil equivalent (mmboe) during the fiscal year (FY) 2022/23.
Minister of Petroleum and Mineral Resources Tarek El Molla has met a delegation from ArcelorMittal Jubail headed by the company’s CEO Gabriel Angel Monti to discuss ways of boosting bilateral cooperation.
As Egypt moves towards a greener future, the country looks at natural gas as a convenient green energy source at the time being. Natural gas is not only a cheaper source of energy, but it is also one of the main types of fossil fuels with less carbon emissions. Therefore, the Egyptian government is working on encouraging the use of natural gas, while rationalizing energy consumption to provide the European Union (EU) with natural gas as well.
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the importance of intensifying efforts to invest in the available opportunities to increase production and petroleum reserves.
