At the top of the priorities of this strategy are projects to exploit flare gases because of their positive returns, both environmentally by reducing carbon emissions resulting from gas flaring, or economically by providing quantities of natural gas and reusing them in other fields and activities, El Molla noted.
The EGYPS 2023 Sustainability in Energy Conference has been an international platform that brings together global energy leaders as well as sustainability and HSE experts. It was a perfect venue for exploring how oil and gas operators are integrating sustainability practices into their business models and workplaces ensuring a positive impact on the planet, their employees, and the communities in which they operate.
Belayim Petroleum Company (Petrobel) Chairman Khalid Mowafi announced that his company targets investments in its budget plans for fiscal years (FY) 2022/23 and 2023/24 worth more than $800 million per year.
The Petroleum Safety and Environmental Services Company (PetroSafe) has awarded two ISI certificates 14001 and 45001 to Belayim Petroleum Company (Petrobel) in quality, health, safety and environment (QHSE) management systems.
Minister of Petroleum and Mineral Resources Tarek El Molla met with Cesar Elizondo, President of the German Ruhrpumpen Company, and his accompanying delegation, the ministry said in a statement.
The Ministry of Petroleum and Mineral Resources announced that its low-carbon projects reduced carbon dioxide emissions by 1.347 million tons.
Petroshrouk Chairman Khaled Mowafy announced Zohr field achieved record success during fiscal year (FY) 2021/22 since its start in FY 2017/18, with production reaching 2.7 billion cubic feet per day (bcf/d) of natural gas in addition to 5,000 of condensates per day with investments $741 million.
Since the early 1960s, we have been a main player in the Gulf of Suez which continues to be a major oil production area.
Building on the success we have achieved over the last 5 decades, bp has decided to focus on gas, going forward, particularly in the Nile Delta Basin. It is a world-class gas basin with a lot of growth potential, and we have already invested billions of dollars there building an extensive gas infrastructure. Today, together with our partners, bp currently produces around 60% of Egypt’s gas through a joint venture with the Pharaonic Petroleum Company (PhPC) and Petrobel (IEOC JV) in the East Nile Delta as well as through the bp-operated West Nile Delta gas development.
Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated a project to generate electric power from flame gas using a gas generator station in the Kalabsha fields in the Western Desert.
