Petroleum ministry announces establishment of new oil area in Tibbin

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Sun, 12 Jun 2022 - 03:29 GMT

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Sun, 12 Jun 2022 - 03:29 GMT

Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources speaks during an interview with Reuters at his office in Cairo, Egypt, October 29, 2015.

Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources speaks during an interview with Reuters at his office in Cairo, Egypt, October 29, 2015.

CAIRO - 12 June 2022: Minister of Petroleum and Mineral Resources, Tarek El Molla announced Sunday the start of steps to establish an oil area in Tibbin, a Cairo suburb, on 1,000 feddans .
 
During a meeting of the higher committee for geographic oil areas in the presence of oil sector officials, the minister said the new area includes a number of projects topped by the expansions of the national network to transfer of oil products to and from Upper Egypt, along with the activities of Petrojet, Petrogas, Egypt Gas, Modern Gas and Cooperation Petroleum companies.
 
A statement issued by the ministry said the LE 1.8 billion project, called "Modern Area", would help pump crude oil from Ain Al Sukhna to Tibbin area from which it will be distributed to upper Egyptian governorates.
 
The project is part of unprecedented steps taken by the ministry to expand oil projects across the country.

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