Newsletter subscribe
Tag: Minister of Petroleum

Petroleum Minister visits Chinese geophysical survey vessel at Safaga

Posted: March 11, 2018 at 8:33 pm   /   Oil & Gas

Minister of Petroleum Tarek El-Molla received the Dong Fang Kanten ship in Safaga, which is carrying out the work of the geophysical data collection project on Egyptian economic waters in the Red Sea, implemented by the alliance of WesternGeco-Schlumberger and TGS with investments of $750m. According to El-Molla, the seismic research conducted by the alliance […]

No Comments read more

Egypt stepping up its efforts to attract Gulf of Suez investment

Posted: February 13, 2018 at 3:55 pm   /   Oil & Gas

Egyptian oil minister Tarek El Molla on Monday announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area. Molla also said that Egypt was working to improve the quality of fuel products in cooperation with foreign marketing companies. “An agreement was […]

No Comments read more
Offshore Rig

Egypt's gas output to exceed 6 bcf/d before end of 2018

Posted: February 5, 2018 at 6:05 pm   /   Oil & Gas

Egypt’s natural gas production rose by 1.6 billion cubic feet (bcf) per day in 2017, reaching 5.5 bcf per day currently, Petroleum Minister Tarek El Molla said on Sunday. Production, which has increased thanks to newly discovered fields, will exceed 6 bcf per day before the end of this calendar year, Molla said at a news […]

No Comments read more

El Molla: “Egypt will stop importing LNG by end of the year”

Posted: February 5, 2018 at 5:52 pm   /   Oil & Gas

Is the Oil Ministry backtracking on ending LNG imports in July? “Egypt will stop importing LNG by the end of the year,” Oil Minister Tarek El Molla said at a press conference yesterday, according to Reuters. El Molla had announced last week that Egypt will end LNG shipments by mid-2018, which in retrospect, appears to […]

No Comments read more

Egypt to accelerate Zohr gas field development, to be completed one year ahead of schedule

Posted: February 4, 2018 at 5:04 pm   /   Oil & Gas

Egypt to complete development on Zohr one year ahead of schedule: Egypt will complete the development of the Zohr gasfield at the beginning of 2019, instead of the end of the year, Oil Minister Tarek El Molla said on Thursday, according to Reuters. Egypt had been speeding up the development of the giant gasfield, with […]

No Comments read more

EGYPS 2018 highlights industry achievements, brings together global key players in North Africa’s largest Oil & Gas Exhibition and Conference

Posted: February 4, 2018 at 4:47 pm   /   Oil & Gas

The Egypt Petroleum Show (EGYPS 2018) held under the patronage of H.E. President Abdel Fattah El Sisi, and the auspices of the Ministry of Petroleum and Mineral Resources, is set to take place February 12th – 14th at the Egypt International Exhibition Center. As the primary platform highlighting Egypt’s substantial progress and ambitious development plans […]

No Comments read more

EGAS to import five LNG shipments for 2Q2018 by direct order

Posted: January 30, 2018 at 2:52 pm   /   Oil & Gas

EGAS to buy five LNG shipments for 2Q2018 through direct order: EGAS is planning to import five LNG shipments for 2Q2018, traders tell Reuters Arabic. These shipments will not come through a tender as is the norm, but a direct order, the traders added. It is not yet clear whether this will be the final […]

No Comments read more

Egypt to stop importing LNG by end of FY 2017/18

Posted: January 28, 2018 at 12:56 pm   /   Oil & Gas

Egypt plans to stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, Petroleum Minister Tarek El Molla said on Saturday. Egypt said previously that it would halt imports by the start of 2019. El Molla said the […]

No Comments read more

Egypt renews Iraqi crude oil import agreement for another year

Posted: January 22, 2018 at 2:39 pm   /   Oil & Gas

Egypt has reportedly renewed an agreement to import crude oil from Iraq, an official at state petroleum buyer EGPC tells Reuters’ Arabic service. The contract was renewed for another year and will see Egypt import 12 million barrels of Iraqi crude that will be delivered in 2 million barrel shipments every two months starting January, […]

No Comments read more

El Molla: Egypt looks to buy foreign companies' share in Egyptian gas

Posted: December 20, 2017 at 8:03 pm   /   Oil & Gas

Egypt wants to satisfy local demand in natural gas before exporting to other countries, petroleum minister Tarek El-Molla said. Egypt is looking to buy the shares of foreign partners in Egyptian natural gas, petroleum minister Tarek El-Molla said at Al-Ahram’s first energy conference on Monday. The minister said the gas produced will first be used […]

No Comments read more