As Israel’s war on Gaza pushes on, fears of regional escalation are growing, with multiple nations and armed groups targeting each other’s territories and common waters, and the United States boosting its military assets in the region.
During the general assembly of the Petroleum Gas Company (Petrogas), Minister of Petroleum and Mineral Resources Tarek El Molla has highlighted the strategic importance of the company and its important role in stabilizing the butane market and meeting citizens’ daily needs of butane cylinders.
Iraq’s Ministry of Oil announced that the country's crude oil exports reached a total of 103.143.199 million barrels in September, generating revenues of $9.422 billion.
Minister of Petroleum and Mineral Resources Tarek El Molla has also met with Mohammed Mohaisen, President and CEO for the Middle East, North Africa, Middle Asia and Turkey at Honeywell, as well as Khaled Hashem, the President of Honeywell Egypt, to discuss the green projects currently being implemented by the Egyptian petroleum sector and the company's availability to contribute to them, especially thr Sustainable Aviation Fuel (SAF) project.
Ganoub El Wadi Petroleum Holding Company's (Ganope) Chairman Ashraf Bahaa El Din stated the company has succeeded in reducing specific energy consumption by 3.5% and cutting down on carbon emissions by about 37,000 tons.
Cooperation Petroleum Company's (Copetrole) Chairman Nasser Shouman said that the company sold petroleum products amounting to about 7.3 million tons during the fiscal year (FY) 2022/23, through 1,268 stations affiliated to the company.
During the general assembly of the Egyptian Petrochemical Company in Alexandria for fiscal year 2022/23 chaired by Minister of Petroleum and Mineral Resources Tarek El Molla, Egyptian Petrochemical Company’s Chairman Ahmed Mowakea stated that the company achieved its highest production ever since its founding, as it produced about 82,700 tons of PVC products as well as its planned production of caustic soda by about 70,000 tons.
Prime Minister Mostafa Madbouly held a meeting to review a proposal submitted by Indorama Corporation regarding the establishment of two factories for phosphate fertilizers and mineral silicon for the production of solar panels.
The meeting reviewed the investment opportunities available to the company in Egypt in the field of mining and its complementary industries, in light of the company's desire to establish a factory for the production of sodium cyanide compound, which is used in processing and extracting gold from rocks.
