The Chairman of the Egyptian General Petroleum Corporation (EGPC) Alaa El Batal, accompanied by other officials, has inspected the Alexandria Petroleum Company (APC) and the warehouse of the Co-Operation Petroleum Company (Copetrole) in the Al-Max region.
Beneath the sands of Egypt lies a treasure trove of untapped potential. Rich in diverse mineral resources, from gold and phosphate to iron ore and beyond, the nation's mining sector holds the promise of significant economic benefits. Job creation, increased export revenue, and a boost to industrial development are just a few of the potential rewards of a thriving mining industry. However, despite this potential, the sector faces a number of challenges that have hindered its full growth. Yet, the new Minister's vision for reform includes key plans and initiatives designed to propel the sector forward.
To begin with, the mining sector is experiencing a technological revolution, leading to a fast shift in the skills needed by its personnel. Miners of tomorrow have to be extremely proficient in a variety of fields, including automation, robots, and data analysis.
TotalEnergies has announced the start of production from the Anchor field, located 225 km offshore Louisiana in the US Gulf of Mexico.
Prime Minister Mostafa Madbouly has witnessed the sign of a memorandum of understanding (MoU) between Egypt and UAE aiming to benefit from the integrated system at El Fujairah Oil Industry Zone (FOIZ) and to be applied at Al Hamra Petroleum Port on the Mediterranean Coast.
The Iraqi Ambassador to Egypt Qahtan Taha Khalaf has stated that the time is ripe for Egyptian oil companies to boost their role in Iraq, given their valuable experience in executing significant projects.
APA Corporation has released its financial and operational results for the second quarter of 2024 (Q2 2024), reporting an increase in net income attributable to common stock of $541 million, compared to $381 million in Q2 of 2023.
Khalda Petroleum Company Chairman Saeed Abdel Moneim has visited the Abu Abu El Gharadig field in the Western Desert to follow up on the operation of Rig 58 and the workflow of maintenance on the wellhead.
Minister of Petroleum and Mineral Resources Karim Badawi and Vice Admiral Mohab Mamish have witnessed the signing of a shareholder’s agreement to establish the Alexandria Supply Chain Company.
Baker Hughes has released its second quarter results for 2024, reporting 13% surge in revenues, amounting to $7.1 billion, up from $6.5 billion in the same period of the previous year.
