COVID-19

  • Asian Gas Oil Demand to Grow in 2021

    Asian Gas Oil Demand to Grow in 2021

    Monday, 11th January 2021

    The Asian gas oil demand is expected to grow in 2021 driven from expectations of increase in the consumption especially during the second half of the year.

  • Consortium of Total, Eni, Novatech Continues Oil Activities in Lebanon

    Consortium of Total, Eni, Novatech Continues Oil Activities in Lebanon

    Sunday, 10th January 2021

    The Caretaker Minister of Energy and Water, Raymond Ghajar, stated that the consortium made up of Total, Eni and Novatech Companies, is continuing its oil activities in Lebanon under the leadership of the operating company, Total, especially in implementing the amended law 160/2020 (suspension of deadlines) with the first exploration period being extended in Blocks 4 and 9 of Lebanese territorial waters until August 13, 2022.

  • SNOC Starts New Gas Storage Project

    SNOC Starts New Gas Storage Project

    Sunday, 10th January 2021

    Sharjah National Oil Corporation (SNOC) has announced that it started it new gas storage project. This came after conducting a small-scale pilot phase using existing infrastructure that has been running since 2017.

  • Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

    Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

    Monday, 4th January 2021

    The Iran's parliament reduced the government’s oil export target to 1.5 million barrels per day (mmbl/d) from 2.3 mmbl/d to manage expectations.

  • House of Representatives Praise MoP Efforts in COVID-19

    House of Representatives Praise MoP Efforts in COVID-19

    Thursday, 24th December 2020

    Egypt did not witness any shortages in petroleum products during the pandemic thanks to the plans and strategies of the Ministry of Petroleum and Mineral Resources (MoP), the Head of Energy and Environment Committee, Talaat El Sewedy, stated.

  • El Molla Urges Employees to Maintain COVID-19 Precautionary Measures

    El Molla Urges Employees to Maintain COVID-19 Precautionary Measures

    Tuesday, 15th December 2020

    Minister of Petroleum and Mineral Resources, Tarek El Molla, called for increasing the precautionary measures taken against the COVID-19 to protect the workers and their families.

  • Kuwait Energy Egypt Funds Teacher Development Program, “The Educator Certificate”, Ras Gharib, Red Sea Governorate

    Kuwait Energy Egypt Funds Teacher Development Program, “The Educator Certificate”, Ras Gharib, Red Sea Governorate

    Sunday, 13th December 2020

    Kuwait Energy Egypt is planning to launch a closing ceremony“After Covid-19 Comes to End” to celebrate the graduates of the teacher development program “The Educator Certificate” which was held in partnership with the School of Continuing Education (SCE) of the American University in Cairo (AUC) at Ras Gharib, Red Sea. 

  • El Molla Expects Oil Prices to Average Around $50/bbl in 2021

    El Molla Expects Oil Prices to Average Around $50/bbl in 2021

    Tuesday, 1st December 2020

    Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Mediterranean Dialogue (MED) titled “Beyond the Shock: Rethinking the Energy Industry after COVID-19”.

  • Petroleum, Tourism, Aviation Ministries Discuss Ways to Boost Tourism Sector

    Petroleum, Tourism, Aviation Ministries Discuss Ways to Boost Tourism Sector

    Tuesday, 24th November 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met with the Minister of Tourism and Antiquities, Khaled Al-Anani and Minister of Civil Aviation, Mohamed Manar, to discuss how to support tourism sector and stimulate aviation sector.

  • Egypt-led Agreement to Increase Petroleum Investments in Africa

    Egypt-led Agreement to Increase Petroleum Investments in Africa

    Sunday, 22nd November 2020

    Under the auspices of the Ministry of Petroleum and Mineral Resources, Africa Energy Investment Corporation (AEICORP) and the African Export Development Bank succeeded in reaching a preliminary agreement to increase petroleum investments in Africa.