Minister of Petroleum and Mineral Resources | Egypt Oil & Gas - Part 5

Egypt Participates in OPEC+ Meeting

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut overall oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, 2020.

EDC Owns 60% of Egypt’s Onshore Drilling Market

The Egyptian Drilling Company (EDC) now owns 60% of the local offshore drilling market.

New Town Gas Chairman chairs Board of Directors Meeting

Mohamed Kandil, the new Chairman and Managing Director of the Egyptian Company For Natural Gas Distribution (Town Gas), chaired his first board of directors meeting.

El Molla Reviews IOCs Future Investments in Egypt

Tarek El Molla, Minister of Petroleum and Mineral Resources discussed with some international oil companies (IOCs) their future investments and activities in Egypt.

El Molla Approves New Gas Transmission Tariff

The Gas Regulatory Authority (GASREG), headed by Minister of Petroleum and Mineral Resources, Tarek El Molla, approved a transmission tariff valued at 37.5 cents per million British thermal units in 2020.

Khalda’s Investments to Reach $792 MM in FY 2020/21

Khalda Petroleum Company's (Apache) investments are expected to reach $792 million during Fiscal Year (FY) 2020/21.

El Molla Reviews Qarun Budget for FY 2019/20 -2020/21

The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget f ...

El Molla Reviews Rashpetco’s Budget for FY 2019/20- 2020/21

The Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, headed Rashpetco’s general assembly meeting to review the amended planning budget of Fiscal Year (FY) 2019/20 and the planning budget for FY 20 ...

El Molla Announces Bid Round Results

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced on Sunday, December 29th the results of the bid round launched in March of 2019 by the South Valley Egyptian Holding Company for Petroleum (Ga ...

Al Ahram’s Energy Conference Kicks Off

Al Ahram's Energy Convention started today, December 29th with under the patronage of Mostafa Madbouly.

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