The company expects to close the transaction by the end of 2023.
The Egyptian state continues its major successes and achievements in the gas and oil file, and this comes at a time when Egypt is seeking to increase its reserves of gas, the demand for which has recently grown, in addition to the efforts of many European countries to secure alternative sources away from Russian supplies.
GAFI will make it mandatory for the 2,400 oil companies operating in Egypt's investment and free zones to deliver their waste to Petrotrade.
The allocated investment show an increase of about 20 percent compared to the expected investments of the sector in the previous year, which recorded 84.2 billion pounds.
This comes within the framework of the vision to achieve optimal economic benefit from natural and mineral resources, while the following is the most important information related to the project:
The meeting reviewed the Plan and Budget Assembly of WEPCO and Badr Petroleum Company for the fiscal year 2023/2024.
EGYPS 2023 brings an expanded agenda across its conferences with focused programmes covering Strategic, Technical, Finance and Investment in Energy, Equality in Energy, and Sustainability in Energy topics.
The Egypt Petroleum Show (EGYPS) 2023 is held under the auspices of His Excellency President Abdel Fattah El Sisi and with the support of the Ministry of Petroleum & Mineral Resources from 13-15 February 2023.
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.