Petroleum Investments Surpass EGP 1.2 T in 6 Years
The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.
IOCs | Egypt Oil & Gas - Part 2
El Molla: Cooperation Essential to Secure Energy’s Future
Cooperation between countries is a must to overcome the Covid-19 pandemic and its repercussions on the energy future to secure energy needs, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated duri ...
El Molla Highlights O&G Achievements During BEBA Webinar
The Minister of Petroleum and Mineral Resources, Tarek El Molla, shared the petroleum sector’s achievements and challenges in the past period stating that “the oil and gas sector has been moving forward with all ...
El Molla: EUG to Transform Egypt’s E&P Investments
The Minister of Petroleum and Mineral Resources, Tarek El Molla, referred to the Egypt Upstream Gateway (EUG) and how it will reflect positively on the exploration and production (E&P) investments in Egypt.
Norway Receives Large Number of Applications for Next Bid
The Norwegian Ministry of Petroleum and Energy has received a large number of applications from 33 oil companies in the licensing round Awards in Predefined Areas (APA) 2020.
Petroleum Sector Receives Investments of EGP 60.6 B in FY 2020/21
The Minister of Planning and Economic Development, Hala Al Saeed said that they will invest EGP 60.6 billion in updating the petroleum and mineral resources sector during the fiscal year 2021/2020 representing 8.2 ...
Madbouli Reviews Strategic Petroleum Reserves, Ongoing Projects
The Prime Minister, Mostafa Madbouly, reviewed with the Minister of Petroleum and Mineral Resources, Tarek El Molla,a number of the ministry's files including strategic petroleum reserves and the ongoing projec ...
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
El Molla: New 12 Petroleum Agreements Worth $1 B
The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature ...
El Molla: IOCs’ Arrears Decline to $200 MM
he Minister of the Petroleum and Mineral Resources, Tarek El Molla, announced that arrears of the international oil companies (IOCs), decreased to $200 million in comparison of $900 million of June 2019.
