Ministry expects Egypt’s natural gas output to reach 6.4 bcf/d by mid-2018
Egypt’s natural gas output is expected to reach 6.4 bcf/d by mid-2018, by which time Zohr will be producing 750 mmcf/d and the Nooros gas field will be producing 100 mmcf/d, Oil Ministry sources tell Al Borsa. Oil Minister Tarek El Molla had previously said natural gas output will reach 6.2 bcf/d by the end […]
ExxonMobil to merge its Marketing and Refining units
Oil giant ExxonMobil has announced that its marketing and refining divisions will be merged. This is part of the plans by the chief executive officer of the company, Darren Woods, to overhaul the refining operations of Exxon Mobil in the face of volatile natural gas and oil prices. According to the oil major, merging the […]
Misr Petroleum begins trial runs on $30m Badr oil storage complex
Misr Petroleum has begun trial runs on its USD 30 million petroleum storage complex in Badr City, Ahram Gate reports. The facility, which can store up to 33 million liters of oil, is a crucial storage component for fuel destined for the Greater Cairo area, Oil Minister Tarek El Molla said at launch ceremony. (Source: Enterprise.press)
El Molla discusses East Med – Europe gas pipelines with EU Energy Commissioner
Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Cañete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it’s re-exported. Cañete said he would lead […]
El Molla: Egypt's Atoll gas field begins test production
Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet per day, Petroleum Minister Tarek El Molla said. Actual production would begin in the third week of December, El Molla told Reuters. BP decided in November 2015 to fast-track the development of Atoll, estimated to […]
El Molla in Brussels to discuss energy cooperation with Belgian, EU officials
Oil Minister Tarek El Molla arrived yesterday in Belgium to discuss energy cooperation with a number of European Commission and European Investment Bank officials, Egypt’s ambassador in Brussels Khaled El Bakly tells Al Masry Al Youm. El Molla is also scheduled to meet with representatives from Belgian companies keen on cooperating with Egypt in the […]
Egypt participated in OPEC's Vienna meeting as observer
Egypt participated as an observer in an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna on Thursday, state agency MENA reported. Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said that Egypt’s participation at the third joint OPEC and non-OPEC ministerial meeting in Vienna came upon invitation from OPEC. El Molla […]
El Molla at Rome MED 2017 Forum: New law regulating gas market will attract investment
Petroleum Minister Tarek el-Molla said that a new law to regulate the activities of the gas market will help attract private sector to invest in storing and selling natural gas directly to consumers. He added that the law comes as an important part of Egypt’s strategy to turn into a regional hub for power trade, […]
Egypt plans to implement 11 gas projects worth $17.5 billion until 2023
Petroleum Minister: We aim to produce 1.9 bcf per day, and 50,000 barrels of condensates. The Ministry of Petroleum and Mineral Resources plans to develop 11 projects in natural gas fields with investments amounting to $17.5 billion. Petroleum Minister Tarek El-Molla told the Daily News Egypt that the ministry aims to produce 1.9 billion cubic […]
Egypt interested in boosting its oil projects in Libya
“Egypt is interested in boosting its oil projects in Libya, in cooperation with the Libyan National Oil Company (NOC),” Minister of Petroleum Tarek el-Molla said Wednesday. Molla made the statements during a meeting with NOC chairman Mostafa Sanallah, in the attendance of a delegation of Libyan oil companies, to review cooperation. “Egyptian petroleum companies had […]
