- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
Surprise visit
Badawi Conducts Surprise Visit to Rashpetco, Burullus Gas to Follow up on Operation Progress
Minister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister’s regular inspection tours to petroleum sector companies. The visit aimed to follow up on the company's progress and work plans. It also ensured direct communication with executive leaders and work teams as the minister sat to listen to their views, suggestions, and challenges.
oil spill drill
MoPMR Conducts Annual Marine Drill at El-Hamra Port to Test Oil Spill Response
The Ministry of Petroleum and Mineral Resources (MoPMR) has carried out the main annual marine drill for oil spills in the Mediterranean Sea at El-Hamra Petroleum Port, New Alamein. The operation aims to test the effectiveness of emergency plans for dealing with marine oil pollution incidents. It assesses the speed of response and coordination among the concerned bodies, and ensures the readiness of personnel and equipment to handle the situation, said the Ministry.
mining sector
Egypt, Australia Boost Investment Cooperation in Mining, Energy Sectors
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining sector, as well as in the energy and natural gas domains.
Q1 2025 results
Qalaa Holdings Posts Stable Revenues for Q1 2025
Qalaa Holdings, a leader in energy and infrastructure, reported consolidated revenues of EGP 37.2 billion for the first quarter (Q1) of 2025, remaining stable compared to EGP 37.6 billion in the same period last year.
nine months of 2025
Abu Qir Fertilizers’ Net Profit Rebounds in Q1 FY2025/26
Abu Qir Fertilizers and Chemical Industries Company generated EGP 3.91 billion in revenues for the first quarter (Q1) of fiscal year (FY) 2025/2026, according to its unaudited statement disclosed to the Egyptian Stock Exchange. This marked an 8% increase compared to the same period last year, which amounted to EGP 3.62 billion.
Assiut
Badawi Follows Up on Seismic Survey Covering 10% of Egypt's Total Area
Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a field visit to follow up on the commencement of seismic survey operations in the southern Western Desert, west of Assiut. The seismic survey, launched by Ganoub El Wadi Petroleum Holding Company (Ganope) in cooperation with Saudi Ardiseis, uses modern technology to collect data on oil and gas reservoirs. The survey covers vast areas exceeding 100,000 square kilometers, representing nearly 10% of Egypt’s total area.
Karim Badawi
Badawi Meets Young Energy Cadres to Foster Sector Leadership
The Minister of Petroleum and Mineral Resources, Karim Badawi met with a group of young and middle management professionals from across the petroleum and mineral resources sector, to support young talents and maintain continuous engagement with employees through open discussions that strengthen teamwork.
Green strategy
Egypt Secures $135MN Financing for Bioethanol Project to Boost Green Energy Production
In a step toward expanding Egypt’s green energy portfolio, Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a $135 million long-term financing agreement for the Egyptian Bioethanol Company (EBIOL) project of the Egyptian Petrochemicals Holding Company (ECHEM) to be implemented in Damietta.
