Tarek El Molla
Molla said that refineries have an important role to play in meeting and securing the needs of the local market for petroleum products.
The minister said this is considered the first phase of an agreement between the two sides that aims at implementing the presidential initiative to expand the national project to use natural gas as a fuel to vehicles.
The petroleum sector has succeeded during the past six years in signing 86 petroleum agreements and attracting new international companies in the field of research and exploration, and the two largest projects to collect geophysical data have been implemented in the Red Sea and the Arab region in the Mediterranean.
Meanwhile, Berger said that Egypt is on top of the EU priorities to enhance partnership in energy field, asserting continuing cooperation between the EU and Egypt in this field.
11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.
The number of the housing units benefiting from the project reached to 11.3 million housing units, Molla said.
Molla added Reuters that dues decreased by 5.5 percent, compared to $900 million at the end of 2018/2019 fiscal year.
Located in the conventional Egyptian waters of the Nile Delta, the discovery was announced early this month.
Craft industries' imports also decreased by 27 percent, registering $26 million compared to $ 35 million during the same period in 2019.
In a statement on Thursday, Molla said that the natural gas has been extended for first time to villages and cities in Upper Egypt and densely populated districts.
Sisi highlighted the importance of this vision in helping the exploration of mineral resources nationwide.
The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.
The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.
both ministers reviewed the latest developments on the economic visibility study of the project which will be completed by the end of May.
This took place during his meeting with Norwegian Ambassador here Lena Natasha Lind.
This comes as part of the ministry's plan to provide 1.2 million housing units with natural gas this fiscal year, he added in a statement.
Among the companies applying for the tender are Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total France.
Developing the sector is based on several axes, most notably the legislative, structural and human resource reforms, El Molla told the Egyptian TV.
The strategy includes also developing the existing productive units to increase their efficiency and output capacity, he noted.
Petroleum Minister Tarek el Molla probed on Monday with his Iraqi counterpart ways of boosting cooperation in the oil and gas industry.
