The Egyptian Ethylene and Derivatives Company (ETHYDCO) held a general assembly meeting to approve its business results for the year 2021, as the company’s petrochemical production complex in Alexandria, which was inaugurated by President Abdel Fattah Al Sisi in 2017, is one of the most important and latest projects of this industry in Egypt.
The US has agreed with its allies, the member countries of the International Energy Agency (IEA), to pump 60 million barrels of crude oil from their reserves into the market.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
On the sidelines of EGYPS 2022, Shell has signed two memoranda of understanding (MoUs) to cooperate with the Egyptian government on decarbonization and building capabilities.
Saudi Arabian Oil Company (Aramco) has announced that it successfully closed a lease and leaseback deal signed with international investor consortium, led by affiliates of BlackRock and Hassan.
The Egyptian Ministry of Petroleum and Mineral Resources published the final statement issued by the Sixth Summit of Heads of State and Government of the Member States of the Gas Exporting Countries Forum (GECF) as of February 22, 2022, held in Doha, Qatar.
The global trade in liquefied natural gas (LNG) increased by 6% to 380 million tons during 2021 as many countries recovered from the economic impact of the COVID-19 pandemic.
On the sidelines of EGYPS 2022, the Minister of Petroleum and Mineral Resources Tarek El Molla and the Ambassador of Chile in Egypt Pablo Arriaran have witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Petroleum and Mineral Resources and ENAP Sipetrol to develop a training program for the petroleum sector’s future leaders who were identified during the capacity building programs organized by the ministry.
The second day of EGYPS 2022 witnessed the signature of several memoranda of understanding (MoU) in attendance of the Ministry of Petroleum and Mineral Resources Tarek El Molla aiming to enhance the operations, production, emissions reduction in addition to other fields.
EGYPS Strategic Conference on the first day drove high-level dialogues promoting international cooperation with energy majors, industry organisations and governments to create a connected, monetized and decarbonized pathway for the region’s emerging markets and deliver upon the energy needs of today.
