Egypt

Modern Gas Thrives: Revenue Surges, Safety Prioritized, and Expansion Initiatives Unveiled in 2023

Amidst challenging economic conditions, Modern Gas witnessed a substantial surge in revenue throughout 2023, reporting EGP 2.6 billion during its annual general assembly, graced by the presence of Minister of Petroleum and Mineral Resources Tarek El Molla

Petrojet Achieves EGP 54.6 Billion in Revenues for 2023

Minister of Petroleum and Mineral Resources Tarek El Molla commended Petroleum Projects and Technical Consultations Company (Petrojet) as a symbol of national pride for its significant contribution to vital projects, both domestically and internationally, through the export of specialized petroleum equipment branded with the "Made in Egypt" label

Ministry of Petroleum's Vision Bears Fruit: Enppi's $5 Billion Business Achievements

Minister of Petroleum and Mineral Resources Tarek El Molla has affirmed the tangible outcomes of the development and modernization vision initiated by the Ministry of Petroleum and Mineral Resources (MoPMR) in 2016

Petrobel Aims for $614 Million in Investments for Fiscal Year 2024/25

This announcement was made during the general assembly of Petrobel, presided over by Minister of Petroleum and Mineral Resources Tarek El Molla, where the planning budget for FY 2024/25 was approved.

$535mln Investment Plan Unveiled for Zohr Gas Field Development

This plan includes drilling and completing well Zohr-19, with a focus on meeting international technical and safety standards by the first half of the fiscal year.

Chevron to expands natural gas activities in Egypt's Mediterranean Sea by $60M

Chevron, a US-based company, has revealed its intentions to conduct drilling operations for extracting natural gas from the Nargis 2 field situated in the deep waters of the Mediterranean Sea off the coast of Egypt.

Minister Tarek El Molla Chairs Sidpec's Successful 2023 General Assembly Meeting

Minister of Petroleum and Mineral Resources, Tarek El Molla, presided over the annual general assembly of Sidi Kerir Petrochemicals Company (Sidpec) to endorse its 2023 operational outcomes.

Khalda Petroleum Unveils $1.2 Billion Investment Plan for Western Desert Expansion

Saeed Abdel Moneim, as Chairman of Khalda Petroleum Company, declared an investment injection totaling $1.2 billion for the fiscal year 2024/25. The initiative includes the drilling of 42 exploratory wells alongside 81 development wells in the Western Desert region.