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Petroleum ministry will continue subsidies reform programme: El-Molla

Egypt aims to attract more foreign investments within Egypt Vision 2030, amid the continuation of its subsidy reform programme, the minister of petroleum Tarek El-Molla said. It came during his speech at the American Chamber of Commerce (AmCham) conference on Wednesday, in the presence of the minister of communications Amr Talaat, president of AmCham Egypt …

Nevine Kamel

ANRPC to produce high-octane gasoline by next month

Alexandria National Refine and Petrochemical (ANRPC) plans to open its new project of high-octane gasoline production next month with $233m worth of investment. Minister of Petroleum and Mineral Resources Tarek El-Molla said the new project comes as part of the ministry’s current programme to increase domestic production of high-value petroleum products, especially gasoline and liquefied …

Daily News Egypt

Tarek El-Molla: Three years of petroleum discoveries, exploration agreements

The petroleum sector recovered after a difficult time following the events of the 25 January 2011 revolution. Over the past four years, the sector managed to achieve distinct results in various petroleum activities after political and security stability returned to Egypt, with the measures taken by the state to bring back investment and encourage major …

Mohamed Farag

Egypt to launch 2 exploration, production international bids: petroleum minister

The Ministry of Petroleum and Mineral Resources intends to put forward two international bids for oil and gas exploration and production in 2018 in 27 concessions, said Petroleum Minister Tarek El-Molla on Monday. El-Molla explained that the Egyptian General Petroleum Corporation (EGPC) bid will include 11 concessions, five of which are in the Western Desert, …

Mohamed Samir

Government seeks to increase petroleum production, reduce subsidies to cover costs of providing petroleum products

Minister of Petroleum and Mineral Resources Tarek El-Molla said that the government is seeking to recover the costs of providing petroleum products in the local market. This will take place through increasing the production rates of raw petroleum, as well as continuing to reduce subsidies on petroleum products. According to El-Molla, petrol consumption declined by …

Ahmed Ismail

Developing Egypt’s natural gas network essential for economic activity

Projects to develop and improve the efficiency of Egypt’s national natural gas network are currently underway as gas transmission is essential for various economic and domestic activities across Egypt, said Minister of Petroleum Tarek El-Molla El-Molla explained that these developments are necessary to meet the increase in consumption and to accommodate the changes occurring in …

Mohamed Samir

Egypt’s petroleum minister meets Algerian counterpart to improve bilateral cooperation

Minister of Petroleum Tarek El-Molla met with his Algerian counterpart Mustapha Guitouni to discuss possible projects through cooperation between the two countries. El-Molla explained that the two countries have an extensive history of cooperation, especially in terms of exporting Algerian petroleum products to fulfil Egyptian needs. These exports include liquefied petroleum gas exports as part …

Mohamed Samir