European Union Ambassador to Cairo Christian Berger said Tuesday that the union supports Egypt to become a major hub of energy in the Middle East, North Africa, and Mediterranean.
Natural gas will be also delivered to 1,185 villages after the completion of the sanitary servicing works, the ministry noted in a statement on Monday.
The agreement aims to promote Egyptian gas export to Europe, and specifically to Italy, in the context of the transition to a low carbon economy.
These new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures.
Lebanese Energy Minister Walid Fayad said his country is close to signing a contract in the coming days to import natural gas from Egypt after getting the World Bank's funding.
President Abdel Fatah al-Sisi received Thursday an Eni delegation led by CEO Claudio Descalizi in the presence of Minister of Petroleum and Mineral Resources Tarek al-Mulla.
The Egyptian prime minister expressed Egypt's desire to rely on France to secure its needs of staples, such as wheat, if the Ukrainian-Russian crisis last for long.
He added that these developments came as a reflection of the success of the first phase of seismic search operations in the Red Sea, which were conducted using two-dimensional search technology over an area of 11,000 km.
During his meeting with CEO of Siemens Middle East Dietmar Siersdorfer, he pointed out to Egypt’s importance as a regional energy hub in the Eastern Mediterranean, underscoring the need to take advantage of its distinguished geographical location, especially during the current energy transition period.
Molla's meeting came on Tuesday on the sidelines of his participation in the CERAWeek energy conference, which opened in Houston, the US.
Molla said that the oil sector cooperates with foreign companies to draw up integrated plans and solutions to the problems of energy and gas emissions in parallel with the production of fossil fuel production especially natural gas.
In its report, Fitch said the production of Egypt's petrochemicals sector reached 3.34 million tons during the FY 2020/2021, noting that this sector has achieved a growth in revenues by 50 percent on yearly basis according to the latest data of the Egyptian Petroleum and Mineral Wealth Ministry.
he added that he hopes that measures to receive fund from the World Bank will be as soon to buy energy from Jordan.
Fayyad pointed to many ways that are being worked on, such as investment and projects proposed in the House of Representatives, the International Monetary Fund, and others, which aim to increase the production of electrical energy, which helps reduce rationing hours.
Murad said that the ministry is joining forces with the World Bank to introduce electric buses.
In statements on Tuesday, the minister said that Italian company "Eni" is Egypt's main partner in the petroleum sector, underlining its vital role in the oil and gas industry in the country.
This is the first digital tender to be held through Egypt Upstream Gateway (EUG).
Madbouli hailed the cooperation with Honeywell, wishing that the American company would expand its activities in Egypt, offer pivotal contributions to Egypt's future strategic projects in the domains of digital transformation, energy, and smart cities.
Cypriot President Nicos Anastasiadis received Tuesday Egyptian Minister of Foreign Affairs Sameh Shokry who is holding a visit to Nicosia.
After Damietta Liquefaction Plant had resumed operation early in 2021, Egypt has been expanding Damietta Port.