petroleum sector | Egypt Oil & Gas - Part 5

Natural Gas Vehicle Conversion Rates to Reach 100,000 in 2023

Minister of Petroleum and Mineral Resources Tarek El Molla has directed to work on increasing the number of converted cars to run on natural gas to 100,000 cars per year during 2023 as well as to accelerate the co ...

El Molla: ITFC Provided the Petroleum Sector with $10.8B in Finances Since 2008

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the International Islamic Trade Finance Corporation (ITFC) has funded the Egyptian petroleum sector with $10.8 billion since it started in 200 ...

Petroleum Sector Participates in Development Projects in Hagar El Maris Village

The petroleum sector, in cooperation with the Orman Association, implemented several projects to support the neediest and most vulnerable families in the Hagar El Maris village, Luxor Governorate.

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.

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