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  • Ministry of Petroleum Announces the Launch of PetroShorouk

    Ministry of Petroleum Announces the Launch of PetroShorouk

    Monday, 22nd February 2016
    Minister of petroleum and Mineral Resources, Tarek El Molla approved the formation of the joint venture company, PetroShorouk Petroleum, for the development of the Zohr field. The joint venture is between the Egyptian Natural Gas Holding Company (EGAS) and IEOC, the Ministry of Petroleum issued in a press release.
  • El Molla Meets with Heads of 40 Companies

    El Molla Meets with Heads of 40 Companies

    Wednesday, 10th February 2016
    Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with the heads of 40 joint venture companies to discuss different methods of boosting oil and gas production in Egypt, reported Egypt Oil & Gas.
  • Trident Petroleum Signs PSA worth $4.5m

    Trident Petroleum Signs PSA worth $4.5m

    Sunday, 31st January 2016
    Trident Petroleum Egypt signed a new petroleum agreement for oil and gas exploration in the Gulf of Suez area. The agreement entails a minimum investment of $4.5m, a signature bonus of $500,000, and the drilling of six exploratory wells, reports Egypt Oil & Gas.
  • Petroleum Ministry: Payments Being Made on Time

    Petroleum Ministry: Payments Being Made on Time

    Tuesday, 26th January 2016
    The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.
  • New Promotions in the Petroleum Sector

    New Promotions in the Petroleum Sector

    Sunday, 24th January 2016
    The Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the following list of transfers and promotions for the heads of state companies in the petroleum sector.
  • El Molla Signs Two New Exploration Agreements

    El Molla Signs Two New Exploration Agreements

    Monday, 7th December 2015
    Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is for the Haliph area in the Western Desert with the Tunisia's HBSI, with minimum investments of about $9m and a signature bonus of $1m, to drill 4 exploration wells, Egypt Oil & Gas reports.
  • GANOPE to Expand into Renewable Energy

    GANOPE to Expand into Renewable Energy

    Wednesday, 18th November 2015
    Ganoub El Wadi Petroleum Holding Company GANOPE agreed, during an assembly meeting, that the company should expand its activities to include unconventional sources of energy during the coming period. The meeting was presided over by the Minister of Petroleum and Mineral Resources, Tarek El-Molla. This decision came in the framework of the government's drive to diversify Egypt’s energy mix through new sources of energy, reported Egypt Oil & Gas.
  • EU to Loan Egypt $74m to Connect Households to Gas Grid

    EU to Loan Egypt $74m to Connect Households to Gas Grid

    Tuesday, 3rd November 2015
    Egypt has signed a loan agreement with the EU for $74.5m (EUR 68m) to help finance a number of projects for the delivery of natural gas in Egypt, especially to poorest areas, reports Egypt Oil & Gas.
  • El Molla Inspects MOPCO’s New Factories

    El Molla Inspects MOPCO’s New Factories

    Wednesday, 21st October 2015
    Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that the ministry's strategy in the petrochemical industry is based on expanding the added value of natural gas through establishing many petrochemical industries that will cover the needs of the local market, reported Egypt Oil & Gas.
  • Introducing the New EGPC Head: Mohamed Al-Masry

    Introducing the New EGPC Head: Mohamed Al-Masry

    Sunday, 18th October 2015
    Biographical Details of EGPC Head Mohammed Al-Masry.