Tarek El Molla

Molla: New company for bioethanol at $100M investments

Wed, 14 Apr 2021 - 01:08 GMT

The new facility will produce 100,000 tons of bioethanol annually, he said.

Oil Min., Shell Egypt signs 2 agreements for investments in western Mediterranean

Mon, 22 Mar 2021 - 02:08 GMT

He explained that the two agreements are a continuation of Shell’s strategy by focusing its investments in Egypt in the marine concession areas and deep waters.

Egypt seeking to become int'l mining hub, says minister

Tue, 09 Mar 2021 - 01:47 GMT

The government is working to turn Egypt into an international mining hub, Molla told an annual conference of the Prospectors and Developers Association of Canada (PDAC) via video conference.

Molla: Egypt taking steady steps to become regional hub for energy, trade

Thu, 04 Mar 2021 - 11:41 GMT

He also expounded the country's efforts to expand the use of clean energy as part of efforts to diversify clean energy sources by 2025.

Petroleum minister probes cooperation with Palestinian investment fund chief in energy sector

Mon, 22 Feb 2021 - 03:55 GMT

This came during their meeting at the Palestinian presidency headquarters in Ramallah which was attended by Palestinian energy authority chief Zafer Melhem.

Egypt targets to raise mining sector contribution to GDP to 5% in 5 years

Tue, 16 Feb 2021 - 03:00 GMT

Molla added in his statement to the House of Representatives, that the contribution of the mining sector to the GDP is "insignificant", and does not exceed half a percent only, which does not reflect the real capabilities of this sector.

Petroleum minister confers with Mercuria officials on ship supply services

Sun, 14 Feb 2021 - 12:53 GMT

Molla stressed the importance of the geographic and strategic location of Egyptian ports and assured Mercuria representatives about business incentives and infrastructure.

Bloomberg says Egypt on course to become one of world's top 10 gas exporters

Fri, 29 Jan 2021 - 12:47 GMT

Bloomberg has announced that Egypt is on the course to become one of the world's top 10 natural gas exporters if it reaches full capacity in 2021, backed by the country's endeavors to boost its exports of liquified natural gas, through restarting one of its two production plants.

New refineries, projects being implemented with investments of $7B : Petroleum Min.

Mon, 11 Jan 2021 - 03:44 GMT

Molla said that refineries have an important role to play in meeting and securing the needs of the local market for petroleum products.

Gastec, Car Gas, Chillout to implement new natural gas stations: Minister

Wed, 06 Jan 2021 - 03:33 GMT

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.

Egypt produces 6.2 billion cubic feet of gas per day, ranks 13th in world

Mon, 14 Dec 2020 - 03:44 GMT

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.

Petroleum minister, EU ambassador discuss partnership initiatives in energy field

Sun, 29 Nov 2020 - 02:50 GMT

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.

Petroleum min.: 11 companies won gold exploration bid in Eastern Desert

Thu, 19 Nov 2020 - 11:53 GMT

11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.

State incentives increased natural gas supplies to houses: Molla

Thu, 15 Oct 2020 - 10:35 GMT

The number of the housing units benefiting from the project reached to 11.3 million housing units, Molla said.

Egypt's arrears to foreign oil companies decline to $850M at end of June

Wed, 29 Jul 2020 - 03:43 GMT

Molla added Reuters that dues decreased by 5.5 percent, compared to $900 million at the end of 2018/2019 fiscal year.

New gas discovery in the Mediterranean offshore Egypt to yield 32 MMscfd of gas: Petroleum minister

Wed, 29 Jul 2020 - 01:44 GMT

Located in the conventional Egyptian waters of the Nile Delta, the discovery was announced early this month.

Egypt's non-petroleum imports down 5% in June

Sun, 26 Jul 2020 - 11:31 GMT

Craft industries' imports also decreased by 27 percent, registering $26 million compared to $ 35 million during the same period in 2019.

Natural gas reaches 5M housing units in 6 years: Petroleum min.

Thu, 16 Jul 2020 - 11:44 GMT

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 urges formulating strategic vision to develop mining sector in Egypt: Presidency

Sun, 12 Jul 2020 - 10:47 GMT

Sisi highlighted the importance of this vision in helping the exploration of mineral resources nationwide.

Petroleum min. reviews pace of work in new oil projects

Thu, 09 Jul 2020 - 02:38 GMT

The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.

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