Latest in Tag: petroleum ministry Highlight
Latest in Tag: petroleum ministry
Egypt’s Al-Sisi ratifies seven laws allowing Petroleum Ministry to search for gold in Eastern Desert
This includes research and exploitation of these minerals in the area of Jabal Iqat, Jabal Al-Jarf, Jabal Masih, Jabal Elba, the Aswan region of the Eastern Desert, as well as the Hamata, Atoud, and Wadi Allaqi regions.
Petroleum Ministry signs $1.5bn facility for Assiut Hydrocracking Complex with 6 banks
Financing banks include HSBC, BNP Paribas, Italian Export Development, and Unicredit
Petroleum Ministry targets EGP 7bn investments for Assiut Oil Refining, Petroleum Pipelines
ASORC implements new petrol production complex in Upper Egypt
Petroleum Ministry announces dates for 2021 EGYPS conference in Cairo
Under the slogan “North Africa and the Mediterranean: Meeting today’s energy needs”, the event will see the participation of several oil and energy ministers, leaders of major oil companies, and industry experts.
Petroleum Ministry debuts 11 petrochemical projects worth $19bn
Updates on petrochemical industry’s national plan and setting of new development strategy have been completed
Petroleum Ministry considers gold bid extension due to coronavirus
International bidding interest in Eastern Desert’s gold stores: Source
Petroleum Ministry to present Mineral Wealth Law’s executive regulations to cabinet for ratification in November
New mineral exploration projects are expected early next year
Egypt saves $350m by improving energy efficiency: Petroleum Ministry
Joining World Bank’s Zero Routine Flaring by 2030, says source
Egypt seeks to increase gas production to 7.95bn scf/day in FY 2019/20: petroleum ministry
New projects to compensate natural decline of gas fields, estimated to be 10%, says source
Petroleum ministry aims to develop 11 gas projects with $18bn investments until 2023
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Petroleum Ministry entitles Cairo Arbitration Centre to solve disputes with foreign partners
Exploration site to be withdrawn from contractor if it fails to provide development lease application within 2 years
Petroleum Ministry to launch 3 oil, gas exploration tenders in 2019: El-Molla
The Ministry of Petroleum and Mineral Resources aims to launch three international oil and gas exploration tenders in 2019, in an effort to increase domestic oil and gas production rates, the Minister of Petroleum, Tarek El-Molla, told Daily News Egypt on Tuesday. El-Molla said that one of the bid rounds by the Egyptian Natural Gas …
Petroleum Ministry announces results of $800m worth EGAS, EGPC tenders
Winning companies committed to drilling 60 exploration wells, says El-Molla
AmCham Egypt, Petroleum Ministry to sign MoU on capacity building programmes for ministry’s executives
Programme is first of its kind to be signed between both organisations
Increase in amount of gas exported to Jordan up to nearly 100m cf daily: Petroleum Ministry
Contract signed between Egypt, Jordan to provide 10% of electricity plants’ needs, says source
New form of gas exploration agreements in Red Sea: Petroleum Ministry
Latest agreements increase partner’s share, reduces expense recovery period
Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well
Well’s production to be connected to Al-Obayed’s gas processing plant, owned by Dutch Shell
Petroleum Ministry agrees with foreign partners to accelerate production of new discoveries
Adding 600 mcf/day by end 2018, says source
Petroleum Ministry, refining companies discuss developing production units before launching 87-octane petrol
The Egyptian General Petroleum Corporation (EGPC) started discussions with fuel refining companies in the local market in order to develop petrol production units over the upcoming period so that they suit the trends of the sector to soon launch 87-octane petrol in the market, according to an official at the EGPC. The official told Daily …
Petroleum Ministry accepts instalments for natural gas supply to 684,000 households for six years
The Ministry of Petroleum and Mineral Resources approved an instalments system for natural gas deliveries to 684,000 customers across Egypt for a period of up to six years. Minister of Petroleum and Mineral Resources Tarek El-Molla said that gas delivery companies have implemented land and underground networks for the delivery of gas to 684,000 customers …
Petroleum Ministry intends to pay $200m of foreign partners’ arrears in June
The Ministry of Petroleum intends, in June, to pay a new tranche of the arrears it owes foreign partners, worth $200m. Sources at the Ministry of Petroleum told Daily News Egypt that the new batch will be paid out of the tranches obtained by Egypt from the World Bank and African Development Bank, as part …
Petroleum Ministry to sign gas transport deal with EU next week
Minister of Petroleum and Mineral Resources Tarek El-Molla said that an agreement in the energy sector is set to be signed with the European Union next week. During his opening speech at the ninth Mediterranean Offshore Conference and Exhibition (MOC 2018) held in Alexandria, El-Molla said the agreement aims to boost cooperation in the natural …
Egypt to repay $250m of its dues to foreign partners by March
Ministry of Petroleum repaid $300m last week
No reduction in prices of gas supplied to factories: Petroleum Ministry
Objectors to prices can resort to importing, say sources
Agreement between Petroleum Ministry, BHGE to market petroleum exploration
Minister of Petroleum and Mineral Resources Tarek El-Molla signed a cooperation agreement between the Ministry of Petroleum and Baker Hughes, a GE Company (BHGE) to launch a project to create an Egyptian portal for the marketing of petroleum exploration areas electronically. This agreement came in order to attract investments from international companies and promote these …
Petroleum Ministry introduces new octane 95 petrol with additives for improved performance
A special octane 95 petrol will be introduced in Egypt for the first time. It will be customised by different petroleum products producers, and each will carry different trade marks, starting with Exxon Mobil and Total, Minister of Petroleum Tarek El-Molla announced at a press conference on Monday. The new petrol category will be priced …
Petroleum Ministry to pay more dues to foreign partners before end of FY 2017/2018
Egypt’s Ministry of Petroleum and Mineral Resources’ dues to international oil companies were reduced to $2.3bn by the end of last fiscal year (FY) 2016/2017, following the implementation of the state’s economic reform programme. The ministry repaid about $2.2bn to foreign oil companies last June, including exploration costs, reducing the total dues to $2.3bn, the …
Petroleum Ministry expects 4% rise in local petroleum products consumption
Establishment, expansion of seven refineries
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …