Tarek El-Molla | Egypt Oil & Gas - Part 36

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

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.

Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1

Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas.

Tarek El Molla: No Truth to Increase in Fuel Prices

During a press conference at the ministry of petroleum, Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that there will be no decrease in subsidies of petroleum products, reported Egypt Oil & Gas.

Tarek El Molla: Egypt to Issue New Bid Rounds Soon

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry plans to issue several bid rounds for exploration throughout the year, by EGAS, EGPC, and Ganoub El Wadi petroleum holding company, ...

Tarek El Molla: Egypt to Continue Gas Imports for 5 Years

Tarel El Molla, Minister of Petroleum and Mineral Resources, said that that petroleum sector continues importing natural gas for the coming 5 years to meet the needs of electricity, and the local market, reported Egy ...

Egypt to Renegotiate Contracts with IOCs

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state com ...

El Molla: Egypt to Import 2.2m Barrels of Crude from Kuwait

Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that a key priority is increasing imports of petroleum derivatives, reported Egypt Oil & Gas.

Egypt Debt to IOCs Stands at $3b

During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas.

El Molla Inspects MOPCO’s New Factories

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 petrochem ...

Petroleum Minister Inspects Ethylene Project in Alexandria

Minister of Petroleum and Mineral Resources Tarek el Molla visited the ethylene production project in Alexandria, to inspect its implementation, reported State Information Service. The project is worth $1.9b, and rep ...

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