petroleum | Egypt Oil & Gas - Part 3

Petroleum FDIs Record Net Outflow of $857.5M in H1 2022/23

Foreign direct investments (FDIs) in the petroleum sector recorded a decline in net outflow by $277.9 million to reach $857.5 million during the first half of fiscal year (FY) 2022/23, according to the Central Bank of...

Egypt, Algeria Sign Oil, Gas, Mines Cooperation MoU

Minister of Petroleum and Mineral Resources Tarek El Molla signed a memorandum of understanding (MoU) with Mohamed Arkab, Algerian Minister of Energy and Mines, to boost cooperation between Egypt and Algeria in the fi...

El Molla Reviews Strategy to Maintain Local Market Stability Amid Global Challenges

Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting to review the progress of the action plan that was put in place amid the Russia-Ukraine conflict to maintain local market supply stability with...

El Molla Reviews Petroleum Achievements At Al Gomhuria Conference

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the road to the new Republic has witnessed, during the past eight years, tireless efforts that have resulted in outstanding economic and social ...

Egypt’s Petroleum Subsidies Stand at EGP 28B in 2022/23 Budget

The state’s draft general budget for fiscal year (FY) 2022/23 allocated an estimated EGP 28.094 billion for petroleum subsidies, 52.6% more than petroleum subsidies in the 2021/22 budget which amounted to EGP 18.411 b...

El Molla, EU Ambassador Discuss Development Efforts, COP 27

Minister of Petroleum and Mineral Resources Tarek El Molla received Christian Berger, the Ambassador of the European Union (EU) in Cairo, and his accompanying delegation, where they reviewed areas of joint cooperation...

El Molla Discusses Energy Transition, COP 27 With Angola’s Delegation

Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Angolan Minister of Foreign Affairs Téte António, Angolan Minister of Youth and Sports Ana Paula, and their accompanying delegation. The meeting di...

El Molla: Sisi’s Vision for Africa’s Energy Transition Gaining Momentum

Minister of Petroleum and Mineral Resource Tarek El Molla highlighted  the strong support and momentum that Egyptian President Abdelfattah El Sisi’s vision for energy transition in Africa is gaining. This came during ...

El Molla: Egypt’s Petroleum Exports Increased by 84.28% YoY

Minister of Petroleum and Mineral Resources Tarek El Molla stated that Egyptian oil and gas sector exports increased by 84.28% year on year (YoY), reaching $12.9 billion in 2021, compared to $7 billion in 2020. El Mol...

El-Molla Discusses Cooperation with Djibouti in Oil and Gas

Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla met visiting Djibouti’s Minister of Energy and Natural Resources Yonis Ali Guedi, according to a press statement on September 6. The meeting addressed...

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