GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea
Tarek El Molla stated that there is no alternative to increasing fuel prices.
El Molla discussed the work plans of Shell Egypt and the available opportunities in research and development.
Petroleum Ministry's supports Egypt's vision to maximize the added value and support the national economy.
El Molla pointed out that the cornerstone of the petroleum sector is being open to global and regional experience and expertise in the field of oil and natural gas.
Tarek El Molla met with Total Executives to discuss the company’s oil and gas exploration projects in the Mediterranean and the Delta area.
El Molla visited the project of the Egyptian Refining Company (ERC) annd the refinery of the Cairo Oil Refining Company (CORC) in Mostorod.
Nedoko field was put online with a production capacity of 175mcf/d of gas and 1400b/d of condensates.
El Molla said that the development of the Zohr field is proceeding well according to the plan.
Egypt adapts a program to run an oil and natural gas industry that could achieve sustainable development and compete with the world's leading companies and could be a regional energy hub as well.
Fuel subsidy increased well above EGP 110b, from an estimated EGP 35b in the budget.
Tarek El Molla chaired the meeting of the Higher Committee for Developing and Modernizing the Petroleum Sector.
Tarek El Molla stated that the ministry is targeting bringing 2.5bcf/d of gas online in the coming months.
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, received the Ambassador of Romania to Egypt, Mihai Ștefan Stuparu, to discuss the high level of coordination between the two countries.
Tarek El Molla, met with China Development Bank (CDB), CEO and his accompanying delegation.
Tarek El Molla, headed the general assembly of Emarat Misr Petroleum Products Company to review 2016 results.
Tarek El Molla met with German-Arab Chamber of Industry and Commerce (GACIC)'s CEO, Andreas Hergenröther .
El Sisi urged attracting more foreign investments in Petroleum and Mineral Resources fields.
Tarek El Molla met with Cameroon's Minister of Mines, Industry, and Technological Development, Ernest Gbwaboubou, to discuss supporting the bilateral relations between the two countries in the fields of oil and mining.
Egypt agreed with Iraq to pay for the imported oil after 90 days from shipment date.