investments | Egypt Oil & Gas - Part 16

El Molla: Egypt Targets Oil, Gas Investments of Up to $8B in 2022/23

Minister of Petroleum and Mineral Resources Tarek El Molla declared that Egypt seeks to achieve between $7.7 billion to $8 billion in oil and gas sector investments during fiscal year (FY) 2022/23.

Eni Pushes to Expand Renewable Energy in Egypt

Eni's CEO Claudio Descalzi stated that his company aims to build renewable energy projects, including solar and wind energy, to produce 10 gigawatts of electricity during the upcoming period in Egypt.

El Molla Calls for Innovative Approaches to Increase Petroleum Production

Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that the current period needs innovative solutions and efforts to increase petroleum production amidst high global oil prices and the sector’s co ...

Apache to Boost Production From Egypt’s Fields

Minister of Petroleum and Mineral Resources Tarek El Molla met with Apache Corporation CEO and President John Christmann, who is currently visiting Egypt. The meeting took place in the presence of David Chi, Vice- ...

Egypt Seeks to Become Main Attraction for German Investments

President Abdel Fattah El-Sisi participated today in a round table in Berlin with representatives of the business community and heads of major German industrial companies, with the participation of a number of sen ...

MoP: EGP 813 Million Saved Due to Improved Energy Efficiency

The Ministry of Petroleum and Mineral Resources announced that it has implemented low cost operations for energy efficiency optimization allowed to save EGP 813 million annually in 31 petroleum companies.

Societe Générale Expresses Interest in Expanding Its Portfolio in Egypt’s Petroleum Sector

In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Yves Jacob, Head of the Private Sector at France's Societe Générale, praised Egypt's development strategy, confirming that Societe Géné ...

Madbouly, El Molla Review Investment Opportunities in Refining, Petrochemicals Sector

Prime Minister Mostafa Madbouly met with Tarek El Molla, Minister of Petroleum and Mineral Resources to review a number of investment opportunities in the refining and petrochemical sectors, in the presence of Saa ...

Petrojet Eyes More Cooperation Opportunities with Libya’s NOC 

The Chairman and Managing Director of Petrojet Waleed Lotfy has met with the Head of Libya’s National Oil Corporation (NOC) Mustafa Sunallah and the Project and Maintenance Manager of NOC Najmi Kareem to discuss c ...

Apex to Ramp Up Oil Production in Egypt’s Western Desert

In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Apex Chairman of the Board of Directors Roger Plank, Apex CEO based in Cairo Thomas Maher and their accompanying delegation discussed t ...

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