Petroleum Minister Tarek El Molla said the Petroleum Ministry targets increasing the daily crude oil to reach 700,000 in the current fiscal year 2019/2020.
Petroleum Minister Tarek el Molla stressed on Thursday that merging biological diversity into energy and other sectors is the only way to guarantee a balanced environmental system in the world.
Tareq el Molla signed two deals with firms from Canada.
Petroleum Minister Tarek el Molla underlined on Sunday the importance of developing the pipelines used in transferring crude oil and petroleum products.
President Abdel Fatah al-Sisi stressed Wednesday that Egypt has adopted a comprehensive and ambitious strategy to develop the electricity system in full.
The production of Egypt's new giant field, Zohr, will not stop existing commercial contracts to sell and purchase natural gas, Tarek al-Molla said.
The Minister of Petroleum discussed the available investment opportunities in oil and gas exploration and production with Kuwait Energy Company’s officials.
Egypt has paid 50 percent of its financial dues to foreign oil companies over three years, Minister of Petroleum Tarek El-Molla said Monday.
The Zohr gas field will be connected to the national gas grid in the first phase before the end of 2017