Ministry of Petroleum

PM Madbouly instructs ministers to begin repayment of Petroleum Ministry's arrears by next week

Tue, 28 May 2024 - 11:49 GMT

The repayment schedule will follow a prearranged agreement between the government and its international partners

Midor refinery's expansion project enhances Egypt's economy by $2.7B

Thu, 07 Mar 2024 - 05:43 GMT

El Molla further disclosed that the project aims to boost the production of petroleum products by augmenting the current refining capacity from 100,000 to 160,000 barrels per day.

Egyptian Petroleum Minister charts course for sustainable natural gas growth

Thu, 28 Sep 2023 - 01:03 GMT

In terms of natural gas expansion, approximately 14 million housing units across Egypt have benefited from natural gas, with 5 million units connected in the past five years.

Egypt’s oil, gas exports decline by 50% in first 4 months of 2023: CAPMAS

Sun, 09 Jul 2023 - 01:24 GMT

CAPMAS reported that Egypt's trade deficit increased by 23.8 percent in April compared to April 2022.

Fuel prices in Egypt rise by 75 piasters, LE 1 per liter

Wed, 01 Mar 2023 - 10:47 GMT

Fuel prices in Egypt witnessed on Wednesday an increase ranging from 75 piasters to LE 1 per liter in the local markets, as per a decision issued by the Fuel Automatic Pricing Committee, the Ministry of Petroleum said in a statement.

Sisi urges formulating strategic vision to develop mining sector in Egypt: Presidency

Sun, 12 Jul 2020 - 10:47 GMT

Sisi highlighted the importance of this vision in helping the exploration of mineral resources nationwide.

Petroleum Ministry announces new discovery in Western Desert

Wed, 03 Jun 2020 - 03:56 GMT

The new discovery Abu Snan oilfield is expected to reach an output of about 18 million feet of gas and 4,000 barrels of crude oil per day.

Zohr gas field production hikes to 2.7B cubic meters per day

Sun, 23 Feb 2020 - 01:47 GMT

This came during his participation in the general assembly meeting of Petro Shorouk Company.

Egypt’s petroleum exports record $2.42B in Q1 2019/20

Mon, 25 Nov 2019 - 09:15 GMT

The ministry attributed the decline in the value of exports from July to Sept. to the global decline in prices, despite the 2.1 increase in quantities exported.

Petroleum Min. announces putting Silva gas well on production

Fri, 08 Nov 2019 - 10:47 GMT

The ministry announced putting Silva natural gas well in phase 9B of the deep western delta area in the Mediterranean on production, at 60-80 million cubic feet/day.

Egypt seeks daily oil production of 700,000 in 2019/2020 - minister

Sat, 12 Oct 2019 - 10:32 GMT

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 Min. closes int'l oil exploration bid Sunday

Thu, 12 Sep 2019 - 01:22 GMT

Sources at the petroleum sector told Egypt Today that companies applying to the tender included Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total France.

Petroleum Ministry: 10 new exploratory wells dug in Western Desert

Mon, 02 Sep 2019 - 12:17 GMT

The Ministry of Petroleum said 10 exploratory wells were dug in the Western Desert and they went online in a record time with a daily average output of 5,000 oil barrels.

Egypt to start digging 2 new wells with investment of $280M

Mon, 26 Aug 2019 - 04:34 GMT

The ministry said in a statement that the two wells will be put on the map of production in 2020.

Gov’t forms operation rooms ahead of imminent fuel price hike

Thu, 04 Jul 2019 - 11:19 GMT

Ministry of Petroleum is expected to announce new prices of octane gasoline 95 in accordance with the automatic pricing mechanism that was approved in January.

Egypt, Cyprus discuss economic cooperation

Wed, 24 Apr 2019 - 09:41 GMT

Mulla held talks talks with visiting Cypriot parliament speaker Demetris Syllouris on boosting economic cooperation between the two countries.

Natural gas to be extended to 1.2 million households by end of this year

Thu, 04 Apr 2019 - 10:51 GMT

Egypt is witnessing a boost in natural gas production and is seeking to realize self-sufficiency, Molla said.

Petroleum Ministry signs MoU with IFC on funding infrastructure projects

Wed, 03 Apr 2019 - 12:51 GMT

The MoU targets to support turning Egypt into a regional hub for petroleum and natural gas trade.

Petroleum ministry: Petrojet revenues hit LE 26.5B in 2018

Thu, 28 Mar 2019 - 02:32 GMT

This was announced at the company’s general assembly meeting, under Petroleum Minister Tarek el Molla, to endorse the performance report for 2018.

Petroleum min.: Great leap achieved in oil transportation system

Sat, 23 Mar 2019 - 10:49 GMT

Molla said the oil sector continues the implementation of new action plans that aim to improve the efficiency of transportation and distribution system of petroleum products.