Ministry of Petroleum and Mineral Resources

  • Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Sunday, 3rd January 2021

    Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².

  • EOG Upstream Technical Convention Postponed Due to Pandemic

    EOG Upstream Technical Convention Postponed Due to Pandemic

    Wednesday, 25th November 2020

    The Egypt Oil & Gas (EOG) Upstream Technical Convention has been postponed to the end of March or the beginning of April due to the current circumstances of the Covid-19 pandemic, Mohamed Fouad, Committee Co-Chairman and Managing Director at EOG, announced during the EOG Committee meeting.

  • Neptune Appoints Mohamed Mounes as New Managing Director for Egypt

    Neptune Appoints Mohamed Mounes as New Managing Director for Egypt

    Tuesday, 24th November 2020

    Neptune Energy company announced that it has appointed Mohamed Mounes as a Managing Director for its base in Cairo to take on the role starting from December.

  • EL Molla Issues New Transfers Movement

    EL Molla Issues New Transfers Movement

    Tuesday, 24th November 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a new transfers movement among the petroleum companies in the aim of supporting the petroleum sector with the necessary efficiencies to achieve the targeted goals.

  • The Cabinet Approves Mechanism to settle Debt Owed to MoP

    The Cabinet Approves Mechanism to settle Debt Owed to MoP

    Sunday, 1st November 2020

    The Cabinet approved to settle the debt owed to the Ministry of Petroleum and Mineral Resources by some companies affiliated with the Ministry of Public Business Sector for their natural gas withdrawals.

  • EGAS Approves SDX’s Two-Year Extension in Disouq

    EGAS Approves SDX’s Two-Year Extension in Disouq

    Thursday, 15th October 2020

    The Ministry of Petroleum and Mineral Resources represented by Egyptian Natural Gas Holding Company (EGAS) approved to extend the agreement of SDX company in South Disouq concession for two years.

  • EBRD to Fund APC’s Project with $250 MM

    EBRD to Fund APC’s Project with $250 MM

    Sunday, 11th October 2020

    The European Bank for Reconstruction and Development (EBRD) announced its provision of a sovereign loan to fund a project by Alexandria Petroleum Company (APC) worth $250 million for upgrading water and energy efficiency at the company’s diesel refinery.

  • Unified Government Complaints System Delegation Praises MoP’s Performance

    Unified Government Complaints System Delegation Praises MoP’s Performance

    Thursday, 8th October 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met a delegation from the Government Unified Complaints System which praised the ministry’s performance for its immediate response for any received complaint through it.

  • Three Renowned Firms Submit Bids in Egypt’s Gold Tender

    Three Renowned Firms Submit Bids in Egypt’s Gold Tender

    Tuesday, 22nd September 2020

    Canadian firm Barrick Gold, Egypt-focused Centamin, and Naguib Sawiris' La Mancha Resources are competing in Egypt's international bid round for gold mining, which the Ministry of Petroleum and Mineral Resources announced last February.

  • Natural Gas Vehicles to Save Citizen EGP 1,200 Monthly

    Natural Gas Vehicles to Save Citizen EGP 1,200 Monthly

    Monday, 7th September 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, said that natural gas usage as fuel will save about EGP 1,200 monthly for each citizen who uses an average 10 liters of gasoline 92 per month.