Ostool Transport has signed a cooperation protocol to transport compressed natural gas (CNG) to Master Gas, a subsidiary of TAQA Arabia.

The British Egyptian Business Association (BEBA) hosted a webinar in honor of Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighting the oil and gas sector's achievements.

Dubai’s state energy firm, Emirates National Oil Company (ENOC), and Saudi Arabia’s Petromin Corporation have entered the bidding race for a majority stake in the army-owned gas station operator, Wataniya Petroleum.

The National Bank of Egypt (NBE) and TAQA Arabia signed financing contracts with EGP 916 million to expand TAQA Arabia’s investment plans and reaffirming NBE’s strategic partner role in supporting big projects with economic viability, according to a press release.

Ministry of Petroleum and Mineral Resources (MoP) convened the joint coordination cooperation platform with the Ministry of International Cooperation (MOIC), under the title “Egypt as a Regional Energy Hub: Reforms and Prospects in the Oil and Gas Sector".

The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers for 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman, stated.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, shared the petroleum sector’s achievements  and challenges in the past period stating that “the oil and gas sector has been moving forward with all its activities and plans steadily despite the volatile circumstances which have proven the efficiency and sustainability of the sector’s strategic plans and bold reforms.” This came during a British Egyptian Business Association’s (BEBA) Egypt’s Green Economy webinar under the title “Future of Oil and Gas: Challenges and Opportunities,” which was held on November 9.

The Egyptian Natural Gas Holding Company (EGAS) and TAQA Arabia signed a cooperation protocol to deliver natural gas to El Wadi El Gedid by utilizing compressed natural gas (CNG).

TAQA Arabia is planning to pump EGP 240 million of investments in 2020 towards building 14 natural gas fuel stations compatible with all vehicles, which will increase the company’s number of natural gas stations to 21, Khaled Abu Bakr, Executive Chairman of TAQA Arabia and Egypt Gas Association (EGA) stated.

A subsidiary of Taqa Arabia, Master Gas, has inked a deal to provide natural gas to Pyramid Poultry Co. with an annual capacity of about 650,000 cubic meters of natural gas.