Egypt

Petroleum Ministry continues to secure oil products despite Ukrainian crisis

The Petroleum Ministry said Sunday that it is working to secure all oil products on the local market despite repercussions of the Russian-Ukrainian crisis for imports of crude oil to Egypt.

Zohr gas field production jumps to 2.7bln cubic meters daily

Current production from Zohr gas field jumped to 2.7 billion cubic meters per day, the ministry said on Monday.

Giza Systems Implements Intelligent Traffic System in the New Administrative Capital

Giza Systems was selected with the best technical/ financial offer for the tender offered by the Administrative Capital for Urban Development (ACUD), to implement one of the most important projects of the New Administrative Capital "Transportation and Smart Traffic Systems", which is being implemented for the first time in Egypt, in partnership between Giza Systems and Military Production as the technological arm of the Ministry of Military Production.

Enppi, Petrojet acquire foreign partner stake in ICD for $117m

Enppi and Petrojet — which are affiliated with the Ministry of Petroleum and Mineral Resources — purchased the share of foreign partner Star Company Ltd. in the International Company for Drilling operating under the free zone system (50% of the company) at a value of $117.6m or EGP 2.2bn last week.

EGAS H1 net profit soars 333.2% YoY

EGAS reported a 333.2% year-on-year (YoY) surge in net profit after tax for the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 16th.

SCZONE signs MoU with Toyota Tsusho for infrastructure projects

MoU targets Japanese investments logistics, renewable energy, water support, green and blue hydrogen production, and green and blue ammonia production in SCZONE

Protocol to Benefit from Services of National Emergency Network

Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing ceremony of the cooperation protocol with the Armed Forces to benefit from the services of the National Network for Emergency and Public Safety.

Toyota Tsusho Discusses Producing Blue Amonia in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has discussed with the General Manager of Energy Infrastructure Projects at Toyota Tsusho Corporation Tokuji Koyama the initial study prepared by his company to evaluate the available opportunities for establishing blue ammonia projects in Egypt.