Egypt

Egypt works on launching digital system to manage petroleum products soon: El-Molla

Published on : 2023-10-26

Egypt is working on launching an integrated digital system soon to manage and circulate petroleum products, Minister of Petroleum and Mineral Resources Tarek El-Molla announced.

The system will provide decision-makers with accurate information and data instantly, the minister noted.

He added that the government has completed linking the geographic petroleum chambers to the system, marketing companies’ main chambers, the Egyptian General Petroleum Corporation (EGPC), and the Petroleum Ministry.

ADES wins jackup drilling contract in Egypt

Saudi-listed ADES Holding Company said it has received a direct award of contract (DAC) from Suez Oil Company (SUCO) in Egypt for three jackup drilling rigs in the Gulf of Suez, which is expected to commence in the coming weeks.