Projects | Egypt Oil & Gas - Part 3

Egypt Signs 119 Petroleum Agreements Over the Past Nine Years

The Ministry of Petroleum and Mineral Resources (MoPMR) stated that after the petroleum sector returned to bidding, 119 new petroleum agreements were signed with international companies, with investments of $22.3 ...

PM Approves Allocating Land for Generating Wind Power to Feed Green Hydrogen, Green Fuel Projects

Prime Minister Mostafa Madbouly has approved the allocation of a piece of land in Gabal El Zeit area within the Gulf of Suez to be used in generating wind power at a capacity of 320 megawatts.

Egypt, World Bank Explore Cooperation in Natural Gas, Mining, Emissions Reduction

The Minister of Petroleum and Mineral Resources Tarek El Molla has received the Regional Director of the World Bank's (WB) Infrastructure Department in the Middle East and North Africa region, Paul Noumba where th ...

Fitch Solutions: Egyptian Petrochemical Sector Exports Grew 45% in 2021

Fitch solutions announced that the Egyptian petrochemical, chemical, and cements industry exports has grown by 45% reaching to $ 6.7 billion by 2021 driven by natural gas growth and high prices.

Local Petrochemical Production Reaches 4.3M Tons in FY 2021/22

Minister of Petroleum and Mineral Resources Tarek El Molla said that the local production from the petrochemical industry reached 4.3 million tons at the end of the fiscal year (FY) 2021/22 compared to 2.1 million ...

Town Gas Achieves Revenues Worth EGP 3.2B in 2022

Town Gas announced that it has achieved revenues of EGP 3.2 billion in addition to a net profit worth more than EGP 72 million during 2022.

TotalEnergies, Corio Sign Agreement to Develop Offshore Wind in Taiwan

TotalEnergies has signed a joint venture (JV) agreement with Corio Generation to develop the Formosa 3 offshore windfarm in Taiwan.

Egypt, EU Discuss Strategic Energy Relations

Minister of Petroleum and Mineral Resources Tarek El Molla has met with the European Union (EU) Commissioner for Energy Kadri Simson to discuss strategic bilateral energy relations on the sidelines of COP27.

El Molla, KUFPEC Discuss Company Activities, Investments in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla met with Kuwaiti Ambassador in Cairo Ghanem Saqer Al-Ghanem and Mohammed Al Sarhan, the Kuwait Foreign Petroleum Exploration Company's (KUFPEC) Country Ma ...

Chevron, CalBio Strengthen Cooperation in Dairy Biomethane Fuel Projects

Chevron and California Bioenergy declared a joint investment in their second holding company to develop and sell dairy biomethane as a renewable natural gas (RNG) transportation fuel in the state.

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