{"id":647530,"date":"2017-05-14T04:01:27","date_gmt":"2017-05-14T04:01:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/emras-gold-exploration-tender-results-within-a-week-minister-tarek-el-molla\/"},"modified":"2017-05-14T04:01:27","modified_gmt":"2017-05-14T04:01:27","slug":"emras-gold-exploration-tender-results-within-a-week-minister-tarek-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/emras-gold-exploration-tender-results-within-a-week-minister-tarek-el-molla\/","title":{"rendered":"EMRA\u2019s gold exploration tender results within a week -Minister Tarek El Molla"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Tarek El Molla on gold exploration, de-regulation of the natural gas industry and the <\/strong><strong>coming swing in priorities toward oil:<\/strong> Petroleum and Mineral Resources Minister Tarek El Molla spoke at an AmCham luncheon we attended on Thursday. We learned that the gold exploration tender results will be out within a week or so, that the amendments to the Mineral Resources Act are in the works, and the Natural Gas Act \u2014 which portends de-regulation of the market \u2014 is pending a plenary discussion at the House. Key takeaways:<\/p>\n<ul type=\"disc\">\n<li>On whether <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/30\/what-were-tracking-on-30-april-2017\/\"><strong>fuel subsidy cuts<\/strong><\/a> will come before the end of the FY, El Molla told Enterprise, \u201cWe don\u2019t know yet.\u201d<\/li>\n<li>Results of the <strong>Egyptian Mineral Resources Authority\u2019s controversial <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\"><strong>gold exploration tender<\/strong><\/a> will be announced within the coming week or so. \u201cWe received really good offers,\u201d El Molla said, adding that a large number of investors are interested.<\/li>\n<li>On the <strong>Mineral Resources Act<\/strong>, El Molla said, \u201cWe are working on amendments to the law that will satisfy most of the stakeholders.\u201d He gave no further details.<\/li>\n<li>Committee-level discussion of the proposed <strong>Natural Gas Act <\/strong>to deregulate the market has ended. The ministry is now waiting for a date on which to introduce the bill to the House as a whole. El Molla stressed that there will be an independent regulator for a deregulated market in which EGAS and EGPC will be players alongside others.<\/li>\n<li><strong>Production from the second phase of BP\u2019s North Alexandria concession will begin ahead of schedule<\/strong> in 2018 instead of the planned 2019. \u201cBy the end of 2018, we will have self-sufficiency in gas and we will exceed [domestic] demand,\u201d El Molla said. <\/li>\n<li>A record number of <strong>76 upstream agreements were signed in the last three years<\/strong>. 21 gas development projects with USD 7.4 bn investments were completed; nine are ongoing with USD 30.2 bn investments, and 11 are planned with USD 17.5 bn investments.<\/li>\n<li>Look for the emphasis going forward to swing toward oil from natural gas: \u201cI am satisfied with what we have done with our partners [to accelerate natural gas production] \u2026 <strong>we need to do the same with oil<\/strong>. This is what we are focusing on,\u201d said El Molla.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Tarek El Molla on gold exploration, de-regulation of the natural gas industry and the coming swing in priorities toward oil: Petroleum and Mineral Resources Minister Tarek El Molla spoke at an AmCham luncheon we attended on Thursday. We learned that the gold exploration tender results will be out within a week or so, that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647530","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"795c3318-0043-4eb8-8f52-16fdc2fd8dc0","order":"0","is_powered_by":true,"section_story_id":"ce6ea068-11b0-4cb8-8f79-2c4225956362","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647518],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EMRA\u2019s gold exploration tender results within a week -Minister Tarek El Molla - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/emras-gold-exploration-tender-results-within-a-week-minister-tarek-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMRA\u2019s gold exploration tender results within a week -Minister Tarek El Molla\" \/>\n<meta property=\"og:description\" content=\"Tarek El Molla on gold exploration, de-regulation of the natural gas industry and the coming swing in priorities toward oil: Petroleum and Mineral Resources Minister Tarek El Molla spoke at an AmCham luncheon we attended on Thursday. 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The winners include seven foreign\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended\/","url_meta":{"origin":647530,"position":1},"title":"EMRA to hand over gold exploration concessions after Mineral Resources Act is amended","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"EMRA to hand over concessions from 2017 gold tender after Mineral Resources Act is amended: The Egyptian Mineral Resources Authority is holding off on handing over the five concessions awarded in its 2017 gold exploration tender until after the amendments to the Mineral Resources Act are finalized and passed, an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621229,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/mineral-resources-act-will-focus-on-value-added-minerals\/","url_meta":{"origin":647530,"position":2},"title":"Mineral Resources Act will focus on \u201cvalue-added\u201d minerals","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Mineral Resources Act will focus on \u201cvalue-added\u201d minerals: The amendments to the Mineral Resources Act reflects a desire by the government to focus on resources that can be refined, used for industry or move up the value chain, Oil Minister Tarek El Molla said on Thursday. Speaking at\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649630,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/el-molla-participates-in-pdac-mining-convention-to-promote-gold-exploration-tender\/","url_meta":{"origin":647530,"position":3},"title":"El Molla participates in PDAC mining convention to promote gold exploration tender","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"Oil Minister Tarek El Molla is in Canada today to participate in the Prospectors and Developers Association of Canada (PDAC) mining convention and promote the Egyptian Mineral Resources Authority\u2019s (EMRA) gold exploration tender in the Eastern Desert and South Sinai, Youm7 reports. The tender has raised concerns among international mining\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559568,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/","url_meta":{"origin":647530,"position":4},"title":"Of gold exploration and taking advantage of Turkey on citrus exports","author":"enterpriseam admin","date":"26 January 2021","format":false,"excerpt":"Altus Strategies subsidiary Akh Gold expects to land an unspecified number of gold exploration licenses in the Eastern Desert from the Egyptian Mineral Resources Authority, according to a company statement. The UK-based mining firm was one of 11 companies to land exploration rights to 82 concession blocks in the Eastern\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/mineral-resources-act-sent-to-house-for-review\/","url_meta":{"origin":647530,"position":5},"title":"Mineral Resources Act sent to House for review","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral Resources Act to the House of Representatives for review, Oil Minister Tarek El Molla said. El Molla reiterated that the amendments were made primarily to draw investments in the flagging\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/627.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=647530"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647530\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647518"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647530"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647530"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}