petroleum sector | Egypt Oil & Gas - Part 3

Petroleum Projects Exempted from Investment Rationalization Decision: El Molla

Egyptian oil and gas sector projects will be excluded from the government’s decision to rationalize investment dollar spending, Minister of Petroleum and Mineral Resources Tarek El Molla, told CNBC in an Interview ...

Egyptian Petroleum Sector Successfully Cuts 1.35M Tons of Emissions

The Ministry of Petroleum and Mineral Resources announced that its low-carbon projects reduced carbon dioxide emissions by 1.347 million tons.

Oil Trade Balance Achieves Surplus of $4.4B in FY 2021/22

The Central Bank of Egypt (CBE) announced that the oil trade balance achieved a surplus of $4.4 billion during fiscal year (FY) 2021/22, compared to a deficit of $6.7 million during FY 2020/21.

Egypt, Djibouti Explore Petroleum Cooperation Opportunities 

Minister of Petroleum and Mineral Resources Tarek El Molla along with Djibouti's Minister of Energy and Natural Resources Yonis Ali Guedi has agreed to form a task force to identify cooperation opportunities in th ...

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 ...

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