Tarek El-Molla

  • Mabdouly Breaks Ground on 1st Petrochemical Complex in El-Sokhna

    Mabdouly Breaks Ground on 1st Petrochemical Complex in El-Sokhna

    Sunday, 6th June 2021

    Prime Minister, Mostafa Madbouly, has put the cornerstone of the first petrochemical industrial complex at the Suez Canal economic zone (SCZONE) in Ain El Sukhna at a cost of $7.5 billion as a part of the Egyptian plan to meet the domestic market need of petroleum and chemical products.

  • Egypt Prepares a Strategy for Green Hydrogen Production

    Egypt Prepares a Strategy for Green Hydrogen Production

    Wednesday, 19th May 2021

    Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is ready to be one of the producing countries of green hydrogen due to its climate.

  • Egypt To Establish Largest Refinery Complex in Al-Sokhna

    Egypt To Establish Largest Refinery Complex in Al-Sokhna

    Wednesday, 5th May 2021

    Prime Minister Mostafa Madbouly witnessed the signature of land allocation contract for establishing the largest refinery and petrochemical complex in Ail Al-Sokhna at the Suez Canal economic zone (SCZONE) with investments worth $7.5 billion.

  • Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

    Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

    Wednesday, 5th May 2021

    APA corporation announced that it has reached an initial agreement with the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation (EGPC) in the framework of modernizing the petroleum sector.

  • Khalda, Qarun to Invest $1 b in Western Desert During 2021/22

    Khalda, Qarun to Invest $1 b in Western Desert During 2021/22

    Wednesday, 28th April 2021

    Khalda Petroleum Company and Qarun Petroleum Company announced that they will pump around $1 billion investments in the Western Desert during the fiscal year (FY) 2021/2022, as Khalda targets to invest $830 million while Qarun will invest $252 million in different oil and gas relevant activities

  • Egypt to Have One Million NGV within Three Years: El Molla

    Egypt to Have One Million NGV within Three Years: El Molla

    Monday, 12th April 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt will have about 1,000,000 vehicles run on natural gas within the including converting and replacing 450,000 cars during three years in addition to 350,000 was previously converted.

  • Gastec launches First Mobile Natural Gas Station in Egypt

    Gastec launches First Mobile Natural Gas Station in Egypt

    Monday, 12th April 2021

    Gastec company announced that it has established mobile station to supply natural gas for the first time in Egypt.

  • Eni Supports Health Sector in Egypt with 20 Ventilators

    Eni Supports Health Sector in Egypt with 20 Ventilators

    Sunday, 11th April 2021

    Eni company has delivered 20 ventilators to the Egyptian health sector worth $600,000 in light of the anti-covid medical supply initiative organized by the petroleum sector as well as international oil companies (IOCs) to support the efforts of the Ministry of Health to combat the pandemic.

  • Petromaint’s Profits Leap 24% in 2020

    Petromaint’s Profits Leap 24% in 2020

    Thursday, 8th April 2021

    Petromiant company has announced that its net profit increased by 24% for the first time during 2020.

  • PMS Implements 87 Projects Worth $171 MM

    PMS Implements 87 Projects Worth $171 MM

    Monday, 8th March 2021

    Petroleum Marine Services company (PMS) announced that it has implemented 87 projects worth $171 million at the highest quality and at their time line despite coronavirus pandemic during 2020.