petroleum sector | Egypt Oil & Gas

Petroleum Sector Acquires Toyota’s EDC Shares

The Egyptian Drilling Company (EDC) disclosed, during its general assembly meeting, that that the petroleum sector has acquired 50% of the company which was owned by Japanese Toyota company.

Egypt, UAE Discuss New Investment Opportunities

El Molla stated that Egypt welcomes Emirati investments in the various petroleum sectors, pointing to the promising investment opportunities that Egypt abounds in.

MoP: EGP 813 Million Saved Due to Improved Energy Efficiency

The Ministry of Petroleum and Mineral Resources announced that it has implemented low cost operations for energy efficiency optimization allowed to save EGP 813 million annually in 31 petroleum companies.

El Molla Praises Efforts of Eni’s Marco Rotondi at Farewell Ceremony

Minister of Petroleum and Mineral Resources Tarek El Molla has hailed the efforts of Eni's General Manager in Egypt Marco Rotondi for his work in the Egyptian petroleum sector, noting that Eni is a strategic partn ...

El Molla Praises Petroleum Sector Employees on UN Public Service Day

On the occasion of UN Public Service Day, the Minister of Petroleum and Mineral Resources Tarek El Molla has praised the petroleum sector's employees who are working effectively and contributed to achieving stabil ...

Egypt Achieves 401 New Petroleum Discoveries in Eight Years

This comes as the Ministry of Petroleum and Mineral Resources announced the sector's achievements during the period from July 2014 to June 2022. The sector's milestones include the launch of 10 international bids ...

Egypt Produces 597M Tons of Petroleum Products in Eight Years

In an announcement about its important milestones from July 2014 to June 2022, the Ministry of Petroleum and Mineral Resources stated that Egypt's total production of petroleum throughout the past eight years amou ...

Egypt’s Petroleum Trade Balance Achieves Surplus of EGP 46.4B in 2021

The Ministry of Petroleum and Mineral Resources announced that the Egyptian petroleum trade balance achieved a surplus of EGP 46.4 billion in 2021.

MOP: Public Complaint Resolution System Achieves 99% Success Rate in Handling Citizens’ Complaints

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the public complaint resolution system succeeded in handling 99% of citizens' complaints, exceeding the expected rate of 98%.

AMOC Makes It to the List of Egypt’s Top 50 Companies

According to Forbes ratings, Alexandria Mineral Oils Company (AMOC) ranked 36th among major 50 companies in the Egyptian market as well as one of the best companies in the petroleum sector.

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