President Abdel Fattah Al-Sisi has directed to continue connecting natural gas to households and new cities and to expand on establishing natural gas supply stations across the country.

Prime Minister (PM) Mostafa Madbouly toured the $450 million Sonker liquid bulk terminal, located in the third basin of Ain Sokhna Port.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, examined Sonker’s project as well as the Red Sea petrochemical complex in Ain Sokhna.

Egypt’s petroleum exports have gone up by 33.8% in Q1 2021 recording $1.819 billion against $1.359 billion in Q1 2020.

Sidi Kerir Petrochemicals (Sidpec) has earned a net income of EGP 151.7 mn in Q1 2021 against a net loss of about EGP 31.3 million in Q1 2020, according to a press release.

Minister of Petroleum and Mineral Resources, Tarek El Molla, reviewed the petroleum products’ distribution system ahead of Eid al-Fitr. 

Sales of crude oil, gas, condensate, petroleum products, and petrochemicals have resulted in a bit over $2 billion of the Libyan National Oil Corporation’s (NOC) revenues in March.

Petroleum Arrows Company transported about 11 million liter of petroleum products per day during 2020, representing 25.5%, according to a press release.

MIDOR refined 36.5 million barrels of oil (mmbbl) in 2020, and produced 4,600 tons of high quality petroleum products, directing 86% of these products to local market, the press release reported.

Tarek El Molla, Minister of Petroleum and Mineral Resources, reviewed the $2.3 billion Midor refinery expansion in Alexandria which aims to increase its current refining capacity by 60%.