Tarek El Molla

Egypt to implement 2 solar power projects with LE 1B EU grant

Mon, 15 Apr 2024 - 10:00 GMT

The first project involves the construction of a 10-megawatt solar power generation station at the Assiut Oil Refining Company. Enppi and Petrojet, two subsidiaries of the petroleum sector specializing in engineering designs, general contracting, and construction, have been assigned to undertake this venture

Egypt committed to diverse energy portfolio and renewable energy, Petroleum Minister

Wed, 14 Feb 2024 - 01:54 GMT

El Molla outlined Egypt's revised goals for national emissions reduction contributions, aiming to expand the country’s use of green energy and achieve a 42% integration of renewable energy into the energy mix by 2035

Egypt, Bulgaria sign MoU to boost natural gas cooperation

Sun, 11 Feb 2024 - 05:04 GMT

The primary objective of the agreement is to establish a comprehensive framework for advancing collaboration in natural gas activities, while also fostering bilateral scientific, technical, and technological exchange

Dana Gas plans to expand gas drills in Egypt by $43M investments

Wed, 29 Nov 2023 - 02:12 GMT

The program aims to boost its daily gas production by 30 million cubic, through drilling 11 development wells and three exploratory wells

EMRA, Canadian Lotus to explore gold with investments of $2.5M

Sun, 26 Nov 2023 - 01:34 GMT

Lotus Gold Corporation won two rounds of a gold exploration tender conducted by EMRA in 2020 and 2021 for exploration concessions

Enppi, OAPEC sign partner to enhance technical skills across petroleum sector

Sun, 22 Oct 2023 - 01:36 GMT

The agreement comes within the Ministry of Petroleum and Mineral Resources’ strategy to promote comprehensive cooperation between Egyptian petroleum companies and international organizations

Mineral Resources Authority and Golden Triangle Economic Zone sign protocol to boost mining activities

Thu, 19 Oct 2023 - 02:41 GMT

With the objective of achieving optimal utilization of mining resources and attracting increased investments, the partnership emphasizes the adoption of modern scientific methods in research, evaluation, and exploration

Egypt expects 30% increase in imports of Israeli gas for export

Sun, 08 Oct 2023 - 01:14 GMT

He added that Egypt's current gas production rate is approximately 6 billion cubic feet per day, and the stability of these rates by the end of the current fiscal year is subject to companies' commitment to implementing field development and growth operations to achieve production targets.

Egypt increases targeted oil & gas investments to $9B: Petroleum Ministry

Mon, 25 Sep 2023 - 03:54 GMT

This represents a significant boost from the previous estimates of $7.7 to $8 billion, as previously stated by El Molla.

UAE's ADNOC inaugurates its first station in Egypt with LE 50 million investments

Sun, 24 Sep 2023 - 10:45 GMT

The station will create 250 direct and indirect job opportunities and also supply 1,200 vehicles per day with natural gas.

Egypt hedges 35% of its petroleum until mid-2024

Sun, 03 Sep 2023 - 11:06 GMT

The hedging contracts that were agreed to be executed ranged between 75 and 80 dollars per barrel, and about 35 percent of the total oil needs that we import from abroad each year, amounting to 100 million barrels, have been hedged, the source told Ashraq Bloomberg.

35 new natural gas wells worth $1.5B in investments to be drilled in 2025: El-Molla

Tue, 29 Aug 2023 - 04:16 GMT

The petroleum minister said that the results of the international bidding to search for natural gas in 12 onshore and offshore areas in the Mediterranean and the Delta are being evaluated after it ended at the end of July.

Apache to invest $1.4B in Egyptian market in 2024

Mon, 21 Aug 2023 - 09:59 GMT

Christmann added that his company looks forward to the government's support to continue implementing its expansions in the Egyptian market, and to sustain its extended partnership with Egypt.

El Molla inspects pivotal projects at New Alamein’s Al-Hamra petroleum port

Sun, 13 Aug 2023 - 04:08 GMT

El Molla highlighted Al-Hamra Petroleum port as a significant opportunity for the petroleum sector, with a strategic geographical advantage and skilled workforce that will support achieving returns

El Molla Launches Egypt Mining Forum 2023, aims to boost mining sector GDP contribution

Tue, 18 Jul 2023 - 05:22 GMT

El Molla disclosed plans to initiate a series of tenders in the current quarter of the year, focusing on precious and base metals, phosphates, sulfur, and potash

Petroleum Minister El Molla witnesses completion of first Egyptian-made oil rig

Wed, 12 Jul 2023 - 03:50 GMT

The rig will be transferred to the Egyptian Drilling Company (EDC). Once it arrives at EDC, the rig will support the company’s fleet in the implementation of drilling and exploration programs in onshore areas

El Molla, US DOE’s Crabtree discuss methane and Carbon reduction co-op

Mon, 10 Jul 2023 - 11:39 GMT

El Molla emphasized the Egypt-US partnership’s significance in terms of joint international initiatives to enhance cooperation and provide solutions and technology for methane reduction

Egypt’s oil, gas exports decline by 50% in first 4 months of 2023: CAPMAS

Sun, 09 Jul 2023 - 01:24 GMT

CAPMAS reported that Egypt's trade deficit increased by 23.8 percent in April compared to April 2022.

Petroleum minister chairs high committee for monitoring petroleum product trading, distribution

Sun, 25 Jun 2023 - 12:31 GMT

The PetrolMin also underlined the committee's purpose of closely monitoring the flow of petroleum products distribution and trade

Abu Qir launches a new company with EGP 10 billion capital

Tue, 23 May 2023 - 03:30 GMT

The new company will have an annual ammonia production capacity of 1200 tons per day, production of nitric acid with a capacity of 1830 tons per day, and production of ammonium nitrate with a capacity of 2400 tons per day.