Tag: Egyptian
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The Lebanese Energy Minister holds America responsible for delaying the transfer of Egyptian gas
Lebanese Energy Minister Walid Fayyad held the United States responsible for delaying the transfer of Egyptian gas and Jordanian electricity to his country through Syrian territory, which Beirut was counting on to solve the electricity crisis. More than 600 days have passed since the US ambassador to Beirut, Dorothy Shea, pledged to provide a solution…
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The Egyptian Minister of Petroleum reveals his country’s plans to stop importing diesel and gasoline
Egyptian Minister of Petroleum Tarek El-Molla revealed that his country has implemented an integrated plan to stop importing diesel fuel and gasoline, and to achieve self-sufficiency. He pointed out, during his inspection of projects to increase the production capacity of diesel and local manufacturing capabilities in Assiut Governorate, that the Egyptian oil sector is implementing…
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A Canadian company lures the Egyptian oil sector with a “fake” project.. What’s the story?
A Canadian company is seeking to convince the Egyptian oil sector of its technical solutions to reduce emissions from crude transport operations, through a project aimed at converting liquid oil into solid. In this context, Minister of Petroleum and Mineral Resources Tarek El-Molla and Minister of Environment Yasmine Fouad held a meeting via visual communication…
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The UAE may cancel the purchase of a national fuel company affiliated with the Egyptian army (private)
The UAE deal to buy a national fuel company affiliated with the Egyptian army is threatened with failure, especially since negotiations have almost stalled since mid-April (2023), and news has spread about the existence of financial disputes that prevent the completion of the deal. The fuel company came at the top of the list of…
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Egyptian Minister of Petroleum: Oil prices are an incentive to drill more wells and increase production
Egyptian Minister of Petroleum, Tarek El-Molla, confirmed that the current rise in oil prices and their stability above $80 per barrel is an incentive to continue exploration and increase production. Al-Mulla stressed the importance of the meetings that take place to discuss the development and increase of the current production rates of crude oil, and…
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In numbers… Financial disputes delay the UAE’s purchase of a national fuel company affiliated with the Egyptian army (private)
Egypt placed a national fuel company at the top of the list of government offerings that it recently revealed, but financial disputes with major investors delayed the settlement of the deal. Last February, Egypt announced a list of 32 companies that it intends to offer on the stock exchange, in a plan aimed at raising…
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Egyptian Minister of Petroleum: Renewable energy is not an “enemy”… Fossil fuels are important for transformation
The Egyptian Minister of Petroleum, Engineer Tarek El-Molla, confirmed that moving forward towards the energy transition at a rapid pace may pose an economic and political danger at the same time, citing the repercussions of the Russian-Ukrainian war on the markets. He pointed out that fossil fuels are an important tool for achieving this transition,…
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The Egyptian Minister of Petroleum discusses oil and gas developments with industry leaders (photos)
On the sidelines of his participation in CERA Week 2023, held in the American city of Houston, the Egyptian Minister of Petroleum, Eng. Tarek El-Molla, met with a number of senior US officials and heads of international companies working in the field of oil and gas. Al-Mulla held discussions throughout Monday, March 6 (2023), which…
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Egyptian Minister of Petroleum: We continue to explore for oil and gas…and there is great interest in exports
Egyptian Minister of Petroleum Tarek El-Molla said that Egypt was affected by global fluctuations during the past year (2022), but it has adapted its capabilities and resources – especially in the natural gas sector – to expand exports to the European market, after achieving self-sufficiency locally. He added that what happened to the markets recently…
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Putting energy companies on the Egyptian Stock Exchange.. Will it save the economy? (article)
At the outset, and before talking about listing energy companies on the Egyptian Stock Exchange, I would like to point out the extreme importance of the stock exchange, as it is a major indicator of the state of the economy, and the greater the supply thereof, the greater the volume of trading and the growth…
