El Molla Meets with Energy Ministers
Egyptian Petroleum Minister, Tarek El Molla, met with Saudi Energy Minister, Khalid Al-Falih, to discuss global petroleum market updates.
Egyptian Petroleum Minister, Tarek El Molla, met with Saudi Energy Minister, Khalid Al-Falih, to discuss global petroleum market updates.
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with heads of several international oil companies (IOCs) on the sidelines of the Abu Dhabi International Exhibition & Conference (ADIPEC 2018).
Egypt is looking to take advantage of the region's natural gas discoveries by becoming a hub for refining, manufacturing, distribution and transportation of oil and natural gas.
The Egyptian oil and gas sector is set to receive $10 billion investments in the fields of exploration and production (E&P) and development during fiscal year (FY) 2018/19.
Egypt’s natural gas reserves increased by 33.3% reaching around 90 trillion cubic feet (Tcf), compared to 60 Tcf in 2015, as the country added new natural gas fields, including Zohr and Atoll, to production.
Egyptian petroleum minister, Tarek El Molla, met with Petronas CEO, Wan Zulkiflee, to review the company's future investments in the Egyptian oil and gas sector.
Egyptian Minister of Petroleum Tarek El Molla has confirmed that Egypt is working on a new model for production and sharing agreements between the government and international oil companies.
Egypt plans to establish a pipeline to transport petroleum products from Ain Sokhna to El Tebbin and then to Mostorod and Upper Egypt.
Egypt will continue to cut energy subsidies in order to decrease government expenditure, petroleum minister Tarek El Molla has said.
The Eleventh Arab Energy Conference kicked off in Marrakech, Morocco on October 1, under the theme of 'Energy and Arab Cooperation'.