President Abdel Fattah El Sisi received on Monday Board Chairman and Chief Executive Officer of Chevron Corporation Michael K. Wirth in the presence of Petroleum Minister Tarek El Mollah and senior company officials.
Petroleum Minister Tareq el Molla met Monday with newly appointed Canadian Ambassador here Louis Dumas to discuss measures to upgrade the mining system in Egypt.
Craft industries' imports also decreased by 27 percent, registering $26 million compared to $ 35 million during the same period in 2019.
Leakage of petroleum pipeline at Ismailia Desert Road lead to a sudden explosion, Tuesday causing several injuries.
Molla's remarks were made during his chairing of the general assembly meeting of Rashid Petroleum Company/Burullus Gas Company (Rashpetco).
They also took up the mechanism of activating the joint government agreement on extending pipelines in order to transmit the Cypriot gas to Egypt's EDCO plant.
This came in a report that was received by Petroleum Minister Tarek el-Molla on natural gas vehicles (NGVs) in Egypt.
The minister affirmed the significance of the strategic partnership between Egypt and the US in the petroleum and gas domains as well as its role in promoting bilateral economic relations.
In a statement on Wednesday, Mulla added that the ministry's plan targets transforming 50,000 vehicles into gas-powered ones on an annual basis.
Petroleum Minister Tarek el Molla probed on Monday with his Iraqi counterpart ways of boosting cooperation in the oil and gas industry.
Egypt could outline and implement a well-designed economic reform program with strong public support, said a proud Molla.
Petroleum Minister Tarek el Molla stressed on Thursday that merging biological diversity into energy and other sectors is the only way to guarantee a balanced environmental system in the world.
A statement released by the Oil Ministry on Tuesday said turning Egypt into a regional energy hub would benefit all our neighboring countries and Europe.
It is necessary to draw up a clear-cut roadmap for coordination and cooperation in oil and natural gas affairs and define targets and necessary mechanisms to secure the future of energy supply, the minister said.
A 1.1 pound cash flow per share was agreed to be disbursed by the assembly.
Molla added that the ministry is working in parallel to maximize the value added and support the Egyptian economy.
This came during the General Assembly of the Egyptian Holding Company for Petrochemicals to approve the results of fiscal year 2017/2018.
The minister said the petroleum sector realized one of its main strategic goals; namely securing domestic needs of petroleum products over the past few years.
The ministry noted that EGAS failed to supply the project with gas due to the difficult situation in Egypt following the 25 January, 2011 revolution.
Molla lauded the BP's initiative and its support to talented researchers, saying that such initiatives contribute to achieving sustainable development in the society in all domains.