Egypt signed three agreements to search for petroleum in the Red Sea region with major international companies, and seismic research is currently being completed in preparation for the start of drilling operations.
The development and management of primary energy resources is one of the most important pillars of sustainable development in Egypt.
The government aims to increase production for the petroleum and mineral resources sector at current prices from 671.5 billion pounds in the previous year to about 790.9 billion pounds.
The supreme committee consists of a number of technical committees.
Petroleum Minister Tareq el Molla has unveiled a number of projects meant to upgrade the efficiency of the national gas grid as production from the Eastern Mediterranean fields continue to take an upturn.
President Abdel Fatah al-Sisi received Thursday an Eni delegation led by CEO Claudio Descalizi in the presence of Minister of Petroleum and Mineral Resources Tarek al-Mulla.
The Secretary-General of OPEC Mohammad Barkindo praised Egypt’s achievements in energy field over the years.
The three-day leading energy exhibition and conference in North Africa and the Mediterranean region launches a year of strategic energy dialogue to map out the transition of the oil, gas, and energy industry towards sustainability.
The conference, which would be held at Cairo-based International Exhibition Center (EIEC), would be participated by a wide number of international and local ministers of petroleum and energy, heads of global and local energy companies, international oil and gas organizations and petroleum industry experts.
Egypt is accelerating the transition towards a green economy through development financing agreements worth $230 million in environment
Mulla noted in a panel discussion held by the Egyptian Petroleum Association that Octane 80 is no longer considered a good-quality fuel.
The cabinet's information center said non-petroleum exports rose by 15.4 percent to stand at dlrs 7.5 billion in the first quarter of 2021 against dlrs 6.5 billion in the first quarter of 2020.
All sectors were provided with natural gas with 100% and needs of the local market were fully covered with an average consumption, which exceeded six billion cubic feet daily.
The exhibition is set to be held at Egypt International Exhibition Center (EIEC), under the patronage of President Abdel Fattah El Sisi.
The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.
This comes Molla’s meeting with Minister of Foreign and European Affairs of Croatia, Jordan Gerlich Radman, in the presence of Ambassador Tomislav Bochnyak, Ambassador of the Republic of Croatia in Cairo.
The visit aims at crystallizing a common vision and a systematic dialogue to develop a gas regional market after the EMGF’s Charter came into force.
The Automatic Pricing Committee for Petroleum Products will announce new prices for gasoline and diesel this week, sources at the Petroleum Ministry told Youm7 Saturday.
Oil companies, atop of which Petrojet, have indeed gained big experience over a long time of action that resulted in many success stories where local industrialization is concerned, the minister acknowledged.
Egypt has executed a total of 37 development projects in the petroleum and mineral resources sector, worth total investments of LE431.3 billion, in the last two fiscal years.