Minister of Petroleum

Cabinet approves 5 draft laws for oil, petroleum exploitation

Thu, 07 Mar 2024 - 01:38 GMT

Furthermore, these draft laws include authorization for the Minister of Petroleum and Mineral Resources to contract with the EGPC and HBS International Egypt Limited. The aim is to amend the commitment agreement for oil exploitation in the southwestern El Alamein region in the Western Desert.

Egypt expects 30% increase in imports of Israeli gas for export

Sun, 08 Oct 2023 - 01:14 GMT

He added that Egypt's current gas production rate is approximately 6 billion cubic feet per day, and the stability of these rates by the end of the current fiscal year is subject to companies' commitment to implementing field development and growth operations to achieve production targets.

Petroleum min.: Integrated strategy adopted to enhance handling, storage of petroleum products

Tue, 01 Jun 2021 - 01:12 GMT

Molla was speaking on Tuesday during his inspection tour at a number of new petroleum projects in Ain Al Sokhna.

Egypt discusses cooperation with Baker Hughes in designing, implementing petroleum projects

Wed, 19 May 2021 - 01:27 GMT

Both sides discussed ways to exchange experiences and transfer modern technologies through the expansion of joint workshops, according to Ministry of Petroleum statement.

Mullah: Oil sector contribution to GDP reached 24 percent during FY 2019/2020

Sun, 09 May 2021 - 11:37 GMT

The minister's remarks were made during an event marking the International Cooperation Ministry launching of a joint coordination platform with the Oil and Mineral Wealth Sector

Molla: New company for bioethanol at $100M investments

Wed, 14 Apr 2021 - 01:08 GMT

The new facility will produce 100,000 tons of bioethanol annually, he said.

Egypt targets to raise mining sector contribution to GDP to 5% in 5 years

Tue, 16 Feb 2021 - 03:00 GMT

Molla added in his statement to the House of Representatives, that the contribution of the mining sector to the GDP is "insignificant", and does not exceed half a percent only, which does not reflect the real capabilities of this sector.

New refineries, projects being implemented with investments of $7B : Petroleum Min.

Mon, 11 Jan 2021 - 03:44 GMT

Molla said that refineries have an important role to play in meeting and securing the needs of the local market for petroleum products.

Gastec, Car Gas, Chillout to implement new natural gas stations: Minister

Wed, 06 Jan 2021 - 03:33 GMT

The minister said this is considered the first phase of an agreement between the two sides that aims at implementing the presidential initiative to expand the national project to use natural gas as a fuel to vehicles.

Petroleum minister, EU ambassador discuss partnership initiatives in energy field

Sun, 29 Nov 2020 - 02:50 GMT

Meanwhile, Berger said that Egypt is on top of the EU priorities to enhance partnership in energy field, asserting continuing cooperation between the EU and Egypt in this field.

Petroleum min.: 11 companies won gold exploration bid in Eastern Desert

Thu, 19 Nov 2020 - 11:53 GMT

11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.

Egypt's Upstream Gateway a quantum leap to increase investment attraction: Molla

Tue, 27 Oct 2020 - 12:06 GMT

It comes within the framework of the first program of the project to develop and modernize the petroleum sector and develop advanced mechanisms.

Egypt's Petroleum Ministry says 15 gas wells operative at Zohr Field

Mon, 07 Sep 2020 - 12:05 GMT

A total of 15 gas wells have been dug in the southern area of Zohr oil field and are already on the production map, Petroleum Minister Tarek el Molla said Monday.

Egypt's arrears to foreign oil companies decline to $850M at end of June

Wed, 29 Jul 2020 - 03:43 GMT

Molla added Reuters that dues decreased by 5.5 percent, compared to $900 million at the end of 2018/2019 fiscal year.

New gas discovery in the Mediterranean offshore Egypt to yield 32 MMscfd of gas: Petroleum minister

Wed, 29 Jul 2020 - 01:44 GMT

Located in the conventional Egyptian waters of the Nile Delta, the discovery was announced early this month.

Natural gas reaches 5M housing units in 6 years: Petroleum min.

Thu, 16 Jul 2020 - 11:44 GMT

In a statement on Thursday, Molla said that the natural gas has been extended for first time to villages and cities in Upper Egypt and densely populated districts.

Petroleum min. reviews pace of work in new oil projects

Thu, 09 Jul 2020 - 02:38 GMT

The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.

Investment costs of largest oil refining project in Upper Egypt estimated at $2.8B : Oil min.

Wed, 08 Jul 2020 - 11:20 GMT

The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.

Natural gas supplied to more than 1M housing units within year: Egypt Min.

Sun, 05 Jul 2020 - 10:56 GMT

Molla said 1.07 housing units were connected to natural gas within 2019-2020 as part of a national project to deliver natural gas to households.

Oil minister: LE 5.3B value of exemptions granted for industrial companies

Wed, 17 Jun 2020 - 03:59 GMT

The move stemmed from the responsibility that the ministry assumes to help the Egyptian economy face the current challenges and contribute to keeping the wheels of economy turning.