Karim Badawi, Minister of Petroleum and Mineral Resources, has announced a new round of appointments for several operations managers across the petroleum sector. This broad reshuffle is designed to capitalize on outstanding expertise while introducing fresh leadership, ensuring the continued enhancement of performance and the achievement of sector goals.
UK Energy giant, bp, reaffirmed its commitment to boosting investments in Egypt, accelerating drilling programs, and turning discoveries into actual production on an accelerated pace.
bp has an ambitious plan to maximize Egypt’s promising geological potential and increase Arcius Energy (a joint venture between bp and ADNOC’s XRG) investments to develop gas resources in the coming period, the company's top executives told Karim Badawi, Minister of Petroleum and Mineral Resources during a meeting.
Operating companies at the Gulf of Suez regions have gathered in a workshop to discuss strategies to improve performance and reduce costs of well drilling operations at the headquarters of the Gulf of Suez Petroleum Company (GUPCO). This came in line with the Ministry of Petroleum and Mineral Resources’ work strategy and the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, during his inspection visit to Belayim offshore 133 well in the Gulf of Suez, where he stressed the importance of enhancing drilling efficiency and lowering well costs.
Two Mediterranean neighbors: Egypt and Cyprus are each holding very different cards in the energy game. Cyprus promises offshore gas discoveries, but finds a major hurdle in the way: how to bring that gas to the market without building an entire export system from scratch. Egypt, with a massive liquefied natural gas (LNG) infrastructure that once thrived on domestic output and still has capacity to spare, seems to be the answer.
In a continued effort to enhance performance and inject new expertise, Karim Badawi, Minister of Petroleum and Mineral Resources, issued a new round of transfers among senior financial affairs executives in the petroleum sector..
Egypt will launch one of the largest natural gas exploration campaigns in the Mediterranean in 2026, marking a major step in reviving domestic production and attracting new investments, Karim Badawi, Minister of Petroleum and Mineral Resources said during the first episode of the ministry’s Petrocast.
The year 2026 will see one of the largest exploratory campaigns in the Mediterranean Sea, including 14 exploratory wells targeting some 12 trillion cubic feet of gas (tcf), according to Badawi.
This is part of a broader effort to reverse declining gas and oil production since 2021, attract major international investments, and strengthen national energy security.
Karim Badawi, Minister of Petroleum and Mineral Resources has issued a new round of appointments for leadership positions at Belayim Petroleum Company (Petrobel) and Agiba Petroleum Company.
Egypt has encountered a gas-bearing layer at the Zohr-9 well in the Mediterranean Sea, with an output of about 70 million cubic feet per day (mmcf/d), according to Karim Badawi, Minister of Petroleum and Mineral Resources.
Badawi announced the completion of drilling operations of Zohr-9 well via Saipem 10000 drillship with full adherence to safety standards and the planned timetable, within the efforts to secure local market needs and reduce the natural gas import bill.
Egypt and Cyprus have sealed a set of landmark commercial agreements, marking a decisive step toward the project’s Final Investment Decision (FID), which is expected in the next few months. The deals allow natural gas from Cyprus to be processed and exported through Egypt’s liquefied natural gas (LNG) facilities, reinforcing the latter’s role as the Eastern Mediterranean’s regional gas hub. The HTPA regulates the movement of Cronos gas through Zohr’s offshore infrastructure, using one of the two 30-inch Zohr pipelines. The natural gas will then be processed at Zohr’s onshore facilities before being transported through a new pipeline to the 5mn t/y LNG plant at Damietta, operated by Eni (50%). This route allows the gas to bypass Egypt’s national grid entirely.
Minister of Petroleum and Mineral Resources, Karim Badawi, inspected the offshore drilling rig Cairo-2, operated by Modern Drilling Company (MDC) in Alexandria, before its transfer to its next drilling site at Dennis West 1X exploratory well in the Temsah concession, offshore Port Said in the Mediterranean Sea.
The Dennis West 1X well, set to be drilled in deep waters at depths exceeding 4,000 meters through slanted drilling operations, is a significant project managed by Belayim Petroleum Company (Petrobel)—a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni.
