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.

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.

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.

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 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

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

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.

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

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.