Tarek El Molla, Minister of Petroleum and Mineral Resources, reviewed the progress of Assuit Oil Refining Company’s (ASORC) Octane complex, as it is currently undergoing trial operations, in addition to Assiut National Oil Processing Company’s (ANOPC) hydrocracking complex. Both complexes are valued at $3.4 billion as part of the state's and the ministry’s plan to increase investments and expand projects in Upper Egypt.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, directed to meet investors' demands and deliver natural gas to the new industrial zones, especially in Upper Egypt. This came during his meeting with a delegation from the Egyptian Federation of Investors Associations (EFIA) denoting the importance of the private sector’s role in supporting the Egyptian economy.

Assuit Oil Refining Company’s (ASORC) Octane complex aims to produce 800,000 tons annually of all octane types in addition to increasing butane production to meet Upper Egypt’s governorates.  This came during Tarek El Molla's, Minister of Petroleum and Mineral Resources, visit to ASORC’s Octane complex

Ganoub El Wadi Petroleum Holding Company (Ganope) drilled seven exploration wells resulting in two new discoveries, in the Geisum and Tawila fields, and Petromeliha field in the Gulf of Suez and increasing production rates by 5%.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has examined the new EGP 920 million 115 kilometers (km) Sokhna - El-Tebeen pipeline project for the circulation of petroleum products.

TGS, a leading provider of multi-client geoscience data for exploration and production (E&P) companies, will implement Enhanced Full Tensor Gravity Gradiometry (eFTG) survey on Ganoub El Wadi Petroleum Holding Company’s (Ganope) assets in Upper Egypt.

Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.

Natural gas was delivered to 458,000 housing units, concluding 40% of the total number of customers during the year all over Egypt, according to Wael Gowayed, Chairman of Egypt Gas Company.

Assiut Oil Refining Company (ASORC) has reviewed its achievements during the fiscal year (FY) 2018/19, which include meeting around 60-65% needs of Upper Egypt provinces in relation to oil products, a press release by the ministry of petroleum said.

Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.