Minister of Petroleum and Mineral Resources
The stage is now set for expanding the national project to use natural gas as vehicle fuel in light of the increase of local production of natural gas along with the support offered by the presidency and the government and the efforts of several bodies concerned in the state to that effect, said Minister of Petroleum and Mineral Resources Tareq el Mulla.
The minister also signed grants of $3.5 million, an official statement revealed.
The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed.
Molla stressed his ministry's keenness on promoting aspects of cooperation with German companies in the oil field.
"The agreements include drilling 17 new wells," Minister of Petroleum Tarek el-Molla announced.
The private sector will not be allowed to reach all types of natural gas consumers after new law becomes effective.
The executive regulations of the New Gas Market Law will be issued before year-end, and the draft has been finished.
The House of Representatives on Tuesday approved six fresh bills delegating the minister of petroleum and mineral resources to sign new exploration deals.