Latest in Tag: Tarek El Molla Highlight

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Latest in Tag: Tarek El Molla


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

Developing Egypt’s natural gas network essential for economic activity

Projects to develop and improve the efficiency of Egypt’s national natural gas network are currently underway as gas transmission is essential for various economic and domestic activities across Egypt, said Minister of Petroleum Tarek El-Molla El-Molla explained that these developments are necessary to meet the increase in consumption and to accommodate the changes occurring in …

Mohamed Samir

Egypt’s petroleum minister meets Algerian counterpart to improve bilateral cooperation

Minister of Petroleum Tarek El-Molla met with his Algerian counterpart Mustapha Guitouni to discuss possible projects through cooperation between the two countries. El-Molla explained that the two countries have an extensive history of cooperation, especially in terms of exporting Algerian petroleum products to fulfil Egyptian needs. These exports include liquefied petroleum gas exports as part …

Mohamed Samir

Zohr field investments amount to $16bn

Minister of Petroleum and Mineral Resources Tarek El Molla said that the development of the Zohr field in the Shorouk concession area in the Mediterranean is proceeding well according to the plan. The project’s plan aims to produce about one billion cubic feet of gas per day in the first stage by the end of …

Daily News Egypt