oil
In statements on Tuesday, the minister said that Italian company "Eni" is Egypt's main partner in the petroleum sector, underlining its vital role in the oil and gas industry in the country.
This is the first digital tender to be held through Egypt Upstream Gateway (EUG).
The Ministry of Oil said the agreement comes as part of joint efforts to develop and modernize the concession areas of Khalda Petroleum Company and Qarun Petroleum Company to achieve the optimum use of investment potentials in the region.
Madbouli hailed the cooperation with Honeywell, wishing that the American company would expand its activities in Egypt, offer pivotal contributions to Egypt's future strategic projects in the domains of digital transformation, energy, and smart cities.
This came in a videograph published by the Information Center, which reviews the size of the petroleum sector's achievement during the last seven years.
In statements on Tuesday, Molla said the Egyptian-French ties are extending and well established and have recently witnessed a notable progress.
Egypt's gas production ranges between 7- 7.2 billion cubic feet per day, and that exports of liquefied gas are about 1.8 billion cubic feet per day.
Molla added during the Egyptian Petroleum Association seminar that 384 wells were drilled, and more than 85 percent of the foreign partners' accrued dues from 2011 to June 2013 were paid.
Mulla noted in a panel discussion held by the Egyptian Petroleum Association that Octane 80 is no longer considered a good-quality fuel.
Egypt supports all efforts aimed at reaching a comprehensive political solution to the Yemeni crisis.
It was signed by Mohamed Mohamed Salah El-Din, Vice Chairman and Managing Director of the National Authority for Military Production, Mostafa El Bagoury, CEO of Siemens Egypt, and Wael Omar, Senior Vice President of Digital Industries at Siemens.
Egypt will eliminate any obstacles to the work of U.S. oil company Apache in Egypt as it expands oil exploration in the country, according to a Wednesday statement on the meeting of President Abdel Fattah el-Sisi and Apache’s CEO John Christmann.
According to Egyptian Petroleum, this is the first and largest method of its kind with regard to the construction of storage warehouses in the world, with a warehouse capacity of 175,000 cubic meters, equivalent to more than one million barrels of crude oil, and a warehouse with a diameter of 115 meters and a weight of more than 3000 tons.
President Abdel Fattah el-Sisi’s Sunday visit to Iraq, the first Egyptian presidential visit in 30 years, marked the beginning of a major partnership that may change the face of the region in the coming years.
The ministry said, in a statement, Tuesday, that in the context of strengthening the country's stock of supply oil, a representative of the General Authority for Supply Commodities has contracted a quantity of 84,000 tons of raw edible oil, including 73.5 thousand tons of imported oil.
Claudio Descalzi, CEO of the energy company Eni, met on Thursday with President Abdel Fattah El-Sisi.
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.
Brent crude prices decreased by $ 1.4, equivalent to 2.1%, to reach $ 63.2 per barrel. US crude fell by about $ 1.5, or 2.4%, to hit $ 59.5 a barrel.
Petroleum Minister Tarek El Molla lauded distinguished performance of the company and its pioneering role in maritime petroleum activities.
The Houthi militias targeted Saudi oil export terminal at Ras Tanura using a drone and attempted to target Aramco residential compound in Dhahran.
