Latest in Tag: Tarek El Molla Highlight
Latest in Tag: Tarek El Molla

Egypt signs 98 oil agreements worth $74bn since 2014: Petroleum Minister
Of Egypt’s energy mix during FY 2019/20, natural gas accounts for 62%, compared to 48% during FY 2014/15

Government settles EGP 13.5bn debts of public business sector companies
These debts are estimated at EGP 13.5bn, with their settlement coming in light of the government’s efforts to settle and repay the accumulated historical debts of that sector.

2 new petrol, diesel complexes to serve Upper Egypt: El-Molla
The complex, worth investments of $450m, is a vital project in the ministry’s refining and industrialisation strategy as part of the sustainable development plan for Egypt’s Vision 2030. The strategy aims to secure fuel supplies both for the local market and development plans for Upper Egypt.

Egypt finalises 12 gas exploration agreements: Petroleum Minister
Country’s arrears to foreign oil companies down to $850m in June, despite COVID-19, says El-Molla

Petroleum Minister announces new gold discovery of 1m ounces reserve
The reserve, which has a 95% recovery rate, has one of the highest rates of extraction, and with a total $1bn investment over the next 10 years.

Egypt’s gas output averages 7.2bn scf/day: El Molla
El Molla received a performance report by the Egyptian Natural Gas Holding Company (EGAS) for the first 10 months of the fiscal year (FY) 2019/20, from July 2019 to April 2020.

Egypt envisions energy as tool of regional peace, prosperity: El-Molla
On the sidelines of the 2020 Egypt Petroleum Show (EGYPS), El-Molla said Egypt’s call for the establishment of the East Mediterranean Gas Forum aimed at transforming the country into a regional gas centre.

Petroleum Minister says oil production need to increase
El-Molla reviews crude oil production plans

9 oil, gas search agreements signed at $452m investment in Mediterranean, Western Desert
The first agreement in the East Horus region, Western Desert, is with the Egyptian General Petroleum Corporation (EGPC) and Shell, comes at a minimum investment of approximately $24.5m, and a signature grant of $23m to drill five wells.

Egypt implements 27 petroleum projects with $31bn investments: El-Molla
Egypt’s gas production increase to 7.2bn scf/day, $5bn investments to raise fuel storage capacity

Egypt to establish $1bn phosphoric acid production plant in Abu Tartur
The project to be established on an area of 560,000 sqm in New Valley governorate, says El-Molla

Egypt seeks US active contribution to further develop its oil sector: El-Molla
“We did a lot to settle foreign companies’ arrears,” says Petroleum Minister

Egypt supplies natural gas to 1.2m households in 1Q 2020: El-Molla
El-Molla revealed that the connection process was accelerated in the first quarter (Q1) of FY 2019/20, as the natural gas supply was extended to 21 new areas.

Good opportunities for GPC to make further discoveries: El-Molla
Four oil discoveries achieved with 2,800 barrels per day production rate, says Abdel Sadik

Egypt has excellent investment opportunities in all stages of petroleum industry: El-Molla
We adopt advanced mechanisms face oil prices fluctuations, says Minister of Petroleum

Egypt’s Zohr production rises to 2.7bn scf/day: Tarek El-Molla
El-Molla explained that the current rate was achieved four months ahead of the planned date, after the completion and implementation of the second maritime line with a diameter of 30 inches and a length of 215 km.

US Secretary of Energy participation in East Med Gas Forum is a clear indication of support to forum’s objectives: El-Molla
Egypt’s Minister of Petroleum, Greek counterpart agree on boosting oil, gas cooperation

Egypt to present logistical capabilities to regional countries in Eastern Mediterranean Gas Forum
Cairo to host forum meetings on Tuesday, Thursday

Egypt implements 7 refinery projects with $8.031bn in investments: El-Molla
Refineries have pivotal role in transforming Egypt into regional energy hub, says Petroleum Minister

El-Molla approves Energean acquisition of Edison’s concessions in Egypt
Greek company competed with RWE, Neptune and Cairn, says industry source

El-Molla inspects situation to implement expansion of SIDPEC, Midor
Midor expansion project will achieve 60% increase in production capacity, says ElKareish

Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum
Renewal is essential to secure subsidy allocations from price changes, says El-Molla

Petroleum Ministry establishes $2.3bn oil refining projects in Assiut
New projects to contribute to reaching self-sufficiency for Upper Egypt in terms of various petroleum products, says El-Molla

Four petrochemical projects to be implemented with investments worth $1.5bn: Petroleum Minister
Industrial rubber factory to be implemented with $100m investments, says Ethydco Chairperson

Idku liquefaction plant to work at full export capacity by June: El-Molla
Plant to process 1.13bn scf/day

Petroleum Minister discusses increasing cooperation with US State Department
Egypt plays vital role in developing natural gas in Middle East: Fanon

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 …

Gas exports through EDCO increase to 800m scf: Petroleum Minister
Egypt returns to exporting liquefied gas to international markets after achieving self-sufficiency

Tremendous efforts to exploit Egypt’s mineral wealth: El-Molla
Investments for project estimated at $800m

Petroleum Ministry announces results of $800m worth EGAS, EGPC tenders
Winning companies committed to drilling 60 exploration wells, says El-Molla