US, Allies Scramble to Stabilize Oil Prices Amid Russia-Ukraine Conflict
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.
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ExxonMobil to Stop Operations in Russia
Signaling its support for the Ukrainian people, ExxonMobil announced its decision to stop its operations in Russia and that it will not invest in any more new projects there.
Madbouly Reviews Strategic Plans to Extract, Provide High-Quality Phosphates
Prime Minister Mostafa Madbouly held a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla to follow up on the strategic plans to extract and provide high-quality phosphate ore.
El Molla Delivers Al Sisi’s Speech at GECF Summit
As Egyptian Minister of Petroleum and Mineral Resources and Chairman of the Ministerial Council of the Gas Exporting Countries Forum (GECF) in its current session, Tarek El Molla delivered Egypt's speech at the ministerial meeting of the forum, which was held prior to the sixth summit of GECF’s heads of state and government summit.
El Molla Discusses Energy Transition, COP 27 at IPTC
Minister of Petroleum and Mineral Resources Tarek El Molla participated in a ministerial session within the activities of the International Petroleum Technology Conference (IPTC), which is being hosted by the Kingdom of Saudi Arabia from February 21-23, 2022.
EGYPS 2022 Draws Roadmap for Africa’s Energy Transition
During his inauguration of the fifth edition of the Egypt Petroleum Show (EGYPS 2022), His Excellency Egyptian President Abdel Fatah El Sisi urged developed countries to provide economic support for Africa’s energy transition and to extend the transitional period for the achievement of its renewable energy objectives.
Madbouly Follows up Development and Service Projects
Mineral Resources, Tarek El Molla, and President of the Arab Organization for Industrialization, Abdel Moneim Al Taras, to follow up on the procedures and efforts to provide the needs of the development and service projects that are being implemented, especially pipes.
El Molla Approves Petroshrouk, PETROBEL Budget Plans
Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Petroshrouk and Belayim Petroleum Company (PETROBEL) companies, via video conference, to approve the revised budget plans for the fiscal year (FY) 2021/22 and the proposed budget for 2022/23.
TotalEnergies Exits from Myanmar
TotalEnergies announced that it will halts all its ongoing projects in Myanmar due to the announcement of the coup that will take place at the first of February 2021.
Dana Gas, Crescent Petroleum Achieve 50% Increase in Gas Production from KRI
Dana Gas and Crescent Petroleum announced that they have achieved 50% growth in natural gas production from their filed “khor Mor” located in the Kurdistan Region of Iraq (KRI) reaching 452 million cubic feet of gas per day mmscf/d at the end of 2021 compared to 305 mmscf/d in 2018.
