Latest in Tag: Minister of Petroleum and Mineral Resources Highlight

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Latest in Tag: Minister of Petroleum and Mineral Resources


Government seeks to increase petroleum production, reduce subsidies to cover costs of providing petroleum products

Minister of Petroleum and Mineral Resources Tarek El-Molla said that the government is seeking to recover the costs of providing petroleum products in the local market. This will take place through increasing the production rates of raw petroleum, as well as continuing to reduce subsidies on petroleum products. According to El-Molla, petrol consumption declined by …

Ahmed Ismail

Eni invests $4bn in Zohr gas production processing plant

Italian oil company Eni invested $3.5-4bn in implementing the Zohr natural gas production processing plant at a capacity of 2.7bn cubic feet of gas per day. Minister of Petroleum and Mineral Resources Tarek El-Molla told Daily News Egypt that the total investments in Zohr field are estimated at $12bn until the point when production begins. …

Mohamed Adel

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