El Molla: No Intention to Increase Gas Price for Industrial Sector

"There is no intention to move the prices of natural gas for the local industry at the present time, in light of the current international changes," Minister of Petroleum and Mineral Resources, Tarek El Molla, sai ...

El Molla: Natural Gas Comprises 65% of Egypt’s Hydrocarbon Consumption

Adopting natural gas as a clean alternative in the country's energy transition, its use rate in Egypt reached 65%, compared to 35% for other hydrocarbon sources, Minister of Petroleum and Mineral Resources Tarek E ...

Egypt’s Petroleum Subsidies Stand at EGP 28B in 2022/23 Budget

The state’s draft general budget for fiscal year (FY) 2022/23 allocated an estimated EGP 28.094 billion for petroleum subsidies, 52.6% more than petroleum subsidies in the 2021/22 budget which amounted to EGP 18.4 ...

Madbouly: Egypt Set to Become Main Hub for Green Hydrogen, Green Ammonia Production

During a recent press conference  announce the government's vision to deal with the current global economic crisis, Prime Minister Mostafa Madbouly stated that Egypt is on track to becoming a major center for the ...

El Molla Inaugurates Trial Operations of Developments in EPC’s Alexandria Factories

Minister of Petroleum and Mineral Resources Tarek El Molla inaugurated the trial operations of the comprehensive development projects in the Egyptian Petroleum Company's (EPC) factories in Alexandria.

Madbouly Talks Gas, Green Hydrogen Vision Amid Global Economic Crisis

Prime Minister Mostafa Madbouly stated that Egypt exports part of the natural gas it produces and receives gas from neighboring countries in order to create an added value for it.

Dana Gas Net Profits Leap by 125% YoY

In its quarterly report, Dana Gas, the Middle East's largest natural gas company, announced that its net profit increased by 125% in Q1 2022, reaching $54 million or 2.8 fils per share, compared to $24 million or ...

Egypt Converts 9,000 Vehicles to Run on Natural Gas in April

Around 150 gas fueling stations are entering service, El Molla noted, adding that the spread of stations in various regions encourages and motivates citizens to use natural gas as a fuel for cars.

APEX International Tests Egypt’s Fajr-8 Oil Well at 2,440 bbl/d

Apex International Energy (Apex) announced testing the Fajr-8 development well, located in Egypt's Western Desert in the South East Meleiha (SEM), at a daily rate of 2,440 barrels of oil negligible water.

Egypt Allocates EGP 3.5B to Deliver Natural Gas in FY 2022/23 Budget

The Egyptian Finance Ministry announced that the country has allocated EGP3.5 billion in its budget of the fiscal year (FY) 2022/23 to deliver natural gas to the households.

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