The Prime Minister issued a decree to extend GasReg board of directors formation for a new term.
Prime minister Eng. Mostafa Madbooly issued decree no. 270 for the year 2021 to extendGASREG board of directors for a new term. The Board is headed by Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources as Chairman of the Board of Directors and Eng. Karem Mahmoud as Chief Executive Officer and with the membership of the following:
Vice president of Egyptian General Petroleum Corporation (EGPC) for internal trade.
Vice president of the Egyptian Natural Gas Holding Company (EGAS) for operations and networks.
Chairman of the Egyptian Natural Gas Company (GASCO).
Chairman of the Egyptian Competition Authority and the Prevention of Monopolistic Practices.
Chairman of Federation of Egyptian Industries.
Eng. Amira Abd Elhameed abd Elkader Elmazny (independent expert).
Mr. Ahmed Rammah Abd Elaziz Dakroury ( independent expert)
The aforementioned decree was based on the proposal and nomination of his excellency Eng. Tarek El-Molla, Minister Of Petroleum and Mineral Resources . The objectives of the current board extension comprise the continuation and the full execution of the accomplishments achieved during the last term,
which witnessed the outstanding performance and the apparent achievements of GasReg aiming to encourage investment in gas market activities such as shipping, transmission, storage, distribution, supply, marketing and trading, settling disputes with investors to encourage new investments inside Egypt, increasing competitiveness and ensuring that all consumers are able to purchase energy at reasonable prices in addition to many other accomplishments completed successfully during the previous term.