development
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El Molla Discusses Prospects of Connecting Leviathan to Egypt’s LNG Units
Monday, 22nd February 2021
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Minister of Energy in Israel, Yuval Steinitz, have agreed on working on an official agreement to link Leviathan field to the liquefied natural gas (LNG) units in Egypt through an offshore pipeline.
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Energean, EGPC JV Signs iEPCI Contract with TechnipFMC
Wednesday, 17th February 2021
Energean company announced that Abu Qir Petroleum company, its joint venture (JV) with the Egyptian General Petroleum Corporation (EGPC), has signed an integrated engineering, procurement, construction and installation (EPCI) contract with TecnhipFMC company for developing four subsea wells as well as subsea tie-back to the AbuQir Petroleum plant.
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Petrofac, Repsol, Technip Form Industry Alliance to Maximize North Sea Reserves
Tuesday, 16th February 2021
Petrofac company announced the formation of industry alliance with companies of Repsol Sinopec Resources UK and TechnipFMC to maximize the recovery of oil and gas from the UK Continental Shelf (UKCS).
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El Molla Showcases Mining Sector Strides Since 2018
Tuesday, 16th February 2021
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the ministry aims to increase contribution in the mining sector to reach 5% during the next five years. He also reviewed the ministry’s road map of mining sector‘s achievements and development starting form 2018 before the Industry Committee in the House of Representatives.
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El Molla Encourages Agiba, PHPC to Expand Exploration Efforts
Thursday, 4th February 2021
The Minister of Petroleum and Mineral Resources, Tarek El Molla, urged Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) to increase the number of their development and exploration wells in order to boost both companies' production plans. The minister noted that the recent discoveries in the Western Desert only prove that the region has not yet revealed all its untapped potential.
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Egypt to Develop Petroleum Facilities in Alexandria Port
Wednesday, 3rd February 2021
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has agreed with the Minister of Transportation, Kamel El Wazeer to revive the efficiency of Gouna Petroleum basin in Alexandria port.
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GPC’s Production Hits New Record of 68,000 bbloe/d
Sunday, 17th January 2021
Egypt allocated investments with EGP 5 billion to the General Petroleum Company (GPC) to increase drilling exploration and development wells.
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El Molla Pushes for Development of Petroleum Products’ Distribution System
Thursday, 14th January 2021
The Minister of Petroleum and Mineral Resources, Tarek El Molla, urged the Cooperation Petroleum Company’s (Copetrole), and Misr Petroleum Company to renew and develop their distribution systems to transport petroleum products from shipping warehouses, fuel transmission vehicles, and supply stations in line with latest technologies.
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India Launches 450-Kilometer Gas Pipeline Between Kerala, Karnataka
Tuesday, 5th January 2021
Indian Prime Minister, Narendra Modi, announced the launch of 450-kilometer gas pipeline linking the southern states of Kerala and Karnataka as a part of its plan to develop coastal regions. He added that this pipeline is built by GAIL LTD to help industries, households and vehicles convert into using the cleaner fuel.
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Kazakhstan to Establish Oil, Gas Engineering Development International Center
Thursday, 3rd December 2020
Kazakhstan signed an agreement to establish an international center for the development of oil and gas engineering.
Latest News
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El Molla Reviews Midor Refinery Expansion
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Egypt Approves Extending SDX’s PSA of West Ghairb to 2031
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Agreement with Belgian DEME for Studies of Green Hydrogen Production
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El Molla Inspects Progress of New Alamein Pipeline Project
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021