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.
President Abdel Fatah al-Sisi has thanked the Egyptian people for not responding to recent "destructive calls" for demonstrations, saying the state will always choose to reform rather than leave people in difficult conditions.
A $3.4M-hydrocracking complex with a yearly production of 4.7M tons of high-value petroleum products in Musturud city of Qalyubia, the Delta, was inaugurated Sunday by President Abdel Fatah al-Sisi.
Sixth others – worth $731 million - are underway.
The construction works in the project - worth $117 million - have begun.
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
The Ministry of Petroleum released a report indicating the projects accomplished in the natural gas sector from July 2019 until April 2020.
Sources told Egypt Today that 10 companies purchased the applications of the international gold exploration auction announced by Egypt earlier this year.
Eight deals were signed with US giants Bechtel and Chevron Corporations and British Petroleum (BP) company.
The Petroleum Ministry signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean.
The new agreement was signed with the Egyptian Holding Company for Natural Gases "EGAS" and the German company Wintershall Dea, the ministry clarified in a statement.
More than 270 local and international industrial experts take part in the event along with 1,600 participants.
He also called for floating "out of the box" ideas to reach a better production and make the best use of available potentials to reach distinguished results in crude oil production in Egypt.
This is an Egyptian-Italian joint venture implemented by the petroleum sector represented by Gastec, and Italy's Eni
Petroleum Minister Tarek Al Molla discussed with the ministry's senior officials and officials of the Egyptian General Petroleum Corporation (EGPC) work priorities in the new year.
Minister of Petroleum Tarek el Moulla on Wednesday said that four oil agreements were signed for exploration in the Western Desert, the Gulf of Suez and Nile Valley.
Egypt's current success in the energy sector is mainly attributed to a visionary political leadership and a strong belief in and awareness of the country’s potential.