Tarek El Molla, a seasoned leader in the Egyptian oil and gas industry, has served as the country's Minister of Petroleum and Mineral Resources for nearly a decade. During his tenure, El Molla has overseen significant achievements in the oil, gas, and mineral resources sectors, positioning Egypt for a bright future in energy development.
Nuclear energy is called atomic energy because it has a direct relationship with the atomic nuclei of the elements and reshapes the bonds between atoms through the processes of nuclear fission and nuclear fusion, through which atomic bonds are broken or formed.
During its first meeting, the Egyptian Cabinet approved, in principle, five projects for petroleum commitment agreements for the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and a number of international and national companies, with expected investments of about $200 million.
Apache’ CEO Greg McDaniel expressed his company’s looking forward to cooperate with the Ministry of Petroleum and Mineral Resources to maximize energy resources in Egypt in sustainable way indicating the Egypt would be an attractive investment destination for the companies all over the world.
ADNOC Drilling has secured a $733 million contract by ADNOC Offshore, for three island drilling rigs to operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells.
State energy group CNPC said on Monday that China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, according to it Reuters.
The world is on a quest for cleaner energy solutions, and hydrogen is emerging as a frontrunner. Egypt, with its abundant sunshine and wind resources, is poised to become a major player in the hydrogen economy. However, integrating hydrogen into the energy system presents challenges, particularly when it comes to cost. By understanding these opportunities and hurdles, Egypt can gain a clear picture of the potential role hydrogen can play in shaping a more sustainable future for Egypt.
In economics, the laws of supply and demand are two factors that drive price fluctuations and govern market dynamics in any economy around the world, big or small. Scarcity drives prices up while an increase in supply forces prices down.
Minister of Petroleum and Mineral Resources Tarek El Molla has met with Bader Al Lamki, CEO of the UAE’s ADNOC Distribution Company, and his accompanying delegation.
Prime Minister Mostafa Madbouly has held a meeting with government officials to discuss solutions to power outages that were implemented as part of an initiative to reduce electricity load.
