- 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%
Digital Language
DNV Launches New Information Modeling Solution to Enhance Digital Language
DNV has released DNV-RP-0670 Asset information modelling framework to improve asset information management in the energy sector. This recommended practice (RP) addresses challenges in engineering assets by enhancing information flow among organizations, individuals, and IT applications. It tackles issues caused by the lack of standardization and reliance on documents for information exchange.
Cabinet Meeting
Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector
The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement.
Egypt
Egypt’s Extraction Activities Drop 9.2% in Q2 2024/25 with Strong Investments Promising to Boost Performance
The positive impact of investments in new discoveries and in the development of production fields is expected to appear during the upcoming period.
Kirkuk Oil Field
bp, Iraq Reaches Final Agreement to Develop Kirkuk Fields
bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.
Egypt
Badawi Reviews Enppi's Robust 2024 Performance
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year.
Egypt
EPROM's 2024 Net Profits Reached EGP 1.096B
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance.
FY 2024 results
MIDOR Achieves 63% Net Profit Surge in 2024, Boosting Production
The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the company’s fiscal year results in 2024.
Minister of Petroleum and Mineral Resources
Petrotrade Reviews 2024 Results, Pushes to Boost Energy Transition, Efficiency
Minister of Petroleum and Mineral Resources Karim Badawi emphasized the sector's commitment to providing excellent civil services to citizens, most notably the provision of natural gas to homes.
