The cabinet meeting tackled another number of projects in the fields of basic commodity supply, education, agricultural green houses, and seed productions.
In spite of the increasing care given to renewable energy, particularly solar and wind, bioenergy is still overlooked.
Abdel-Gawad attributed the hike in production to the implementation of a work program to improve the productivity and operation of obsolete wells, in addition to the drilling program for new exploration and development wells.
The daily production of the company includes 38,000 barrels of crude oil, while the daily gas sales reached 423 million cubic feet, the chairman noted.
This came during the Egyptian Minister of Supply Ali Al-Moselhi’s meeting, with Sudan’s Director-General of Sudan’s Military Industry Corporation Mirghani Idris and his accompanying delegation, as well as representatives of the Sudanese Etisalat Company.
Source at the Libyan National Army (LNA) told MENA that the defense ministers of Qatar and Turkey visited Prime Minister of Tripoli-based GNA Fayez al-Sarraj on August 17.
A source at the Libyan National Army (LNA) told Al Arabiyah that the Libyan Armed Forces eliminated a terrorist cell affiliated to the Islamic State (IS).
The Petroleum Ministry said that converting petrol-fuelled cars to run on natural gas reduces fuel costs by nearly 50%.
The ministry said that this high record in production reflected the success in implementing the integrated work program in the various oilfields of the company in the Eastern and Western Desert areas, the Gulf of Suez and Sinai.
Excavation works were revealed at the leak point, which caused a huge explosion on Cairo-Ismailia Road this week, according to investigations by the Public Prosecution.
Khalifa Haftar's Libyan National Army (LNA) said on Saturday it would maintain a blockade on oil production and exports that the National Oil Corp (NOC) says has cost the country $6.5 billion in lost revenue.
The first vessel to load was announced as the Kriti Bastion from Es Sider oil port.
The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.
The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.
Molla said in a statement that they discussed three major oil refining projects in Alexandria, Assiut and Suez at an investment cost of about $2.8 billion.
The agreements are to be referred to the parliament for further discussions on required legal measures pertaining to bringing them into action.
The new discovery comes with an initial production rate of 2,000 barrels per day of crude oil, and it is estimated that there are about 70 million barrels of recoverable crude oil.
A parliamentarian questions the reasons behind not kicking out the ambassador of the Tripoli-based interim government in Cairo.
The Ministry of Petroleum released a report indicating the projects accomplished in the natural gas sector from July 2019 until April 2020.
In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020.