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Tag: Minister of Petroleum

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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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El Molla: Egypt to capitalize on world demand for oil & gas storage, trading

Posted: December 20, 2017 at 1:39 pm   /   Oil & Gas

Egypt aims to be a regional hub for oil and gas trading, Petroleum Minister Tarek El Molla said at an energy conference on Monday. Egypt is working on infrastructure investments that will transform it into a regional hub for oil and gas trading, capitalizing on the needs of various companies to store their petroleum products, […]

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Saudi Aramco supplied 1 million barrels of crude oil to Egypt in Nov, Dec

Posted: December 20, 2017 at 1:31 pm   /   Oil & Gas

Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday. Egypt and Saudi Arabia will be studying the economic feasibility of continuing to refine Saudi crude in Egyptian refineries by the start of 2018, El Molla said. […]

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Egypt to allow foreign companies to “freely” export surplus gas in five years

Posted: December 19, 2017 at 9:49 am   /   Oil & Gas

Egypt will allow foreign companies to “freely” export natural gas not needed for domestic use in five years, Oil Minister Tarek El Molla announced on Monday during Al Ahram’s energy conference, according to Reuters. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in […]

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Egypt to cut monthly LNG imports by 3 cargos after Zohr start-up

Posted: December 18, 2017 at 3:35 pm   /   Oil & Gas

Egypt will cut liquefied natural gas (LNG) imports by three cargos per month after putting supergiant Zohr gas field on the production line, petroleum minister Tarek El Molla told local channel DMC. This brings the North African nation’s LNG imports down to five cargos per month, which in return saves about $60 million, El Molla […]

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