Al Sisi Follows Up National Project for Converting Vehicles to Run on Natural Gas

• Sunday, 13th December 2020
• by Fatma Ahmed

The President Abdel Fattah Al Sisi has reviewed the implementation situation of the national project for vehicles conversion and replacement to run on natural gas with the Prime Minister, Moustafa Madbouly, and Mi ...

Oil Prices Push Down Egypt’s Fuel Subsidy Bill

• Wednesday, 13th January 2016
• by Egypt Oil & Gas

Egypt's budget for fuel subsidies has decreased by EGP 5b, reaching EGP 56b, in comparison to initial estimates of EGP 61b. The statement was made by Egyptian Petroleum minister, Tarek El Molla, during a luncheon at ...

Egypt’s Oil Sector to Get $200m Loan from World Bank

• Wednesday, 13th January 2016
• by Egypt Oil & Gas

The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.

Egypt Announces Results of LNG Tender

• Monday, 12th October 2015
• by Egypt Oil & Gas

Tarek El Molla, Minister of Petroleum and Mineral Resources received a report from Khaled Abdel Badie, Head of the Egyptian Natural Gas Holding Company (EGAS) regarding the outcome of the tender issued by the company ...

Egypt to Connect 1.2m Households to National Gas Grid

• Tuesday, 22nd September 2015
• by Egypt Oil & Gas

Tarek el Molla, Egypt's Petroleum Minister said "The oil sector is to adopt a new strategy to increase natural gas delivery rates to 1.2 million homes across Egypt this fiscal year (2015/2016)," reported Amwal Al Gha ...

Egypt’s Petroleum Minister: Foreign Partner’s Monthly Oil, Gas Shares Declined by 26%

• Sunday, 20th September 2015
• by Egypt Oil & Gas

New Minister of Petroleum and Mineral Resources Tarek El Molla said that the value of foreign partners’ share of oil and gas declined by 26% from $880m in FY 2014/2015 to reach $650m per month during current FY 2015/ ...