The House of Representatives has approved two draft laws introduced by the government to get the green light for exploration and production (E&P) activities in South Ghareb and the Eastern Desert.

Prime Minister  Mostafa Madbouly witnessed Sunday ceremony of green hydrogen agreement signed between the Egyptian Electricity Holding Company, chaired by Gaber Desouky, and the Belgian DEME Group, chaired by Alain Bernard.

President Abdel Fattah Al-Sisi ratified Law No. 159 of 2020 authorizing Minister of Petroleum and Mineral Resources, Tareq El Molla to contract with the Egyptian Natural Gas Holding Company (EGAS), Chevron Egypt Holdings LTD and Tharwa Petroleum Company (S.A.E) for oil and gas exploration in the northern Sidi Barrani. marine area in the Mediterranean Sea, according to Al-Ahram news website.
quoting the Egypt’s Official Gazette.                 

Osama Mobarez, Undersecretary of the Ministry of Petroleum and Mineral Resources, and Ahmed Menhanna, Undersecretary of the Ministry of Electricity and Renewable Energy presented the plans and efforts of the ministry to update the Egyptian energy sector and achieve sustainable energy by 2030.

Tarek El Molla, Minister of Petroleum and Mineral Resources, visited the ministry’s new headquarters (HQ) in the New Administrative Capital to follow up on the construction works.

According to the official Egyptian newspaper, the President Abdel Fattah Al Sisi has approved the law no 167 for the year of 2019 to allow the Minister of Petroleum and Mineral Resources to contract with the Egyptian General Petroleum Corporation (EGPC) and Apache LDC.

Egypt’s arrears to international oil companies (IOC) fell by 5.5% to $850 million at the end of June, down from $900 million in 2019, the Minister of Petroleum and Mineral Resources Tarek El Molla told Reuters.

Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.

Tarek El Molla, Minister of Petroleum and Mineral Resources issued a movement of transfers for managers and assistants of the information and communications technology (ICT) department. The reshuffling aims to support petroleum sites with the necessary competencies.

Petrogas’ Katameya Factory produces around 60,000 domestic butane cylinders and 10,000 commercial butane cylinders per day,  Raafat Abdel Hady, Head of Petrogas, stated.