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Tarek El Molla

Egypt ready to provide some of Europe’s demand for natural gas | PetroleumMin

Efforts made over the past few past years have made of Egypt one of the solutions to the ongoing energy problem, the minister pointed out

Egypt’s petroleum and gas sector sees 7 MoUs signed on sidelines of COP27

The MoUs are in line with the Ministry’s efforts to improve the oil and gas industry’s carbon-cutting capabilities, as well as boost its environmental sustainability

Egyptian oil and gas sector contributed to reduction of 1.34M tons of carbon emissions

Solar-powered cells and batteries were installed and operating in 21 companies’ buildings and fields at a capacity of 1,350 kilowatts

Egypt signs letter of intent with int. companies for LNG hub feasibility study

It also includes research into establishing a joint company that would be dedicated to carrying out the feasibility study

Shell reinforces presence in Nile Delta with acquisition of Offshore Block 3

A Farm Out Agreement (FOA) is a type of contract that allows investors to acquire a stake from an existing project participant by selling all or percentage stake in the venture