Ministry of Petroleum | Egypt Oil & Gas - Part 19

Petroleum Ministry to receive $200m of World Bank Loan

The Egyptian Ministry of Petroleum will receive $200m of a recently agreed $1b World Bank loan, according to an EGPC official who spoke to Al Mal News.

Former Minister: Official Cost for Liter of Gasoline EGP7

The official cost for a liter of gasoline in Egypt is EGP7, said Osama Kamal, the former Minister of Petroleum.

DEA Completes Equity Reduction Deal in West Delta Project

DEA has completed its equity restructuring deal in the West Nile Delta.

Oil and Water Ministries to Cooperate on Minya Irrigation Project

The Ministry of Petroleum and Mineral Resources has signed a protocol with the Ministry of Water Resources and Irrigation to cooperate on drilling 500 wells in the area of West Minya, to access underground water for ...

Tarek El Molla: Egypt to Continue Gas Imports for 5 Years

Tarel El Molla, Minister of Petroleum and Mineral Resources, said that that petroleum sector continues importing natural gas for the coming 5 years to meet the needs of electricity, and the local market, reported Egy ...

El Molla: Egypt to Import 2.2m Barrels of Crude from Kuwait

Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that a key priority is increasing imports of petroleum derivatives, reported Egypt Oil & Gas.

Egypt Debt to IOCs Stands at $3b

During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas.

Oil Ministry in Negotiations with IOCs for LNG

A source at EGPC revealed to Egypt Oil & Gas that negotiations with a number of foreign oil companies are underway to buy their share of liquefied natural gas (LNG) to meet the needs of power plants and factories suf ...

Petroleum Minister Inspects Ethylene Project in Alexandria

Minister of Petroleum and Mineral Resources Tarek el Molla visited the ethylene production project in Alexandria, to inspect its implementation, reported State Information Service. The project is worth $1.9b, and rep ...

Egypt Saved EGP 30b as Oil Prices Dip

Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the government has set ...

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