Petrobel Launches “Zero Waste” Initiative in South Sinai

• Wednesday, 17th June 2026
• by Fatma Ahmed

In line with the Ministry of Petroleum and Mineral Resources (MoPMR)’s strategy to promote environmental sustainability and corporate social responsibility (CSR),  Belayim Petroleum Company (Petrobel) has launched the “Zero Waste” project at its Abu Rudeis camp in South Sinai. The initiative stands as a pioneering model that integrates environmental protection with socio-economic development, supporting Egypt Vision 2030 and the United Nations (UN) Sustainable Development Goals (SDGs).

Petrobel Increases 2025/26 planned investments to $460 Mn

• Sunday, 8th March 2026
• by Sarah Samir

Belayim Petroleum Company’s (Petrobel) investment plan for the fiscal year (FY) 2025/26 has been increased to approximately $460 million, Tharwat El Gendy, Petrobel’s Chairman, announced in the company's general assembly to approve the revised investment plan for the current fiscal year and the investment plan for the FY 2026/27.

Petrobel, EGAS Review Zohr Infrastructure Upgrades

• Wednesday, 4th March 2026
• by Doaa Ashraf

The current status of activities and projects related to the gas production infrastructure at the Zohr field, including upgrades to the field’s offshore pipelines, was discussed in a meeting that included Sayed Selim, Executive Managing Director of Egyptian Natural Gas Holding Company (EGAS), with Tharwat El Gendy, Chairman of Belayim Petroleum Company (Petrobel). 

The meeting also reviewed plans for developing and improving the field's gas treatment system through the Floating Processing Unit (FPU) project.  

Zohr Field, the largest gas discovery in the Mediterranean Sea, is developed by Italy’s Eni, along with partners including Rosneft, BP, and Mubadala Energy. Petrobel, a joint venture between Eni and the Egyptian General Petroleum Corporation,  acts as the operator of the field on behalf of the partners.

Petrobel Brings Belayim Offshore 133 Well Online

• Wednesday, 25th February 2026
• by Doaa Ashraf

Petrobel, the joint venture between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of crude oil per day (bbl/d), with further potential to optimize output in the near term, according to the Ministry of Petroleum and Mineral Resources (MoPMR).

Badawi Appoints New Leaders at Petrobel, Agiba

• Sunday, 9th November 2025
• by Doaa Ashraf

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.

Petrobel Resumes Drilling at Zohr Field,  Petroshrouk  Targets Producing 144,000 boe/d

• Tuesday, 25th February 2025
• by Fatma Ahmed

During the general assembly meeting, the Chairman of Belayim Petroleum Company (Petrobel) Khaled Mowafy affirmed the resumption of drilling at the Zohr field after the arrival of the Saipem 10000 drilling rig in Egyptian waters. Regarding Petroshrouk, Mowafy explained that $320 million has been allocated for operations.

Petrobel Awarded 1st Place in the National Initiative for Smart Green Projects in Sinai, Canal Regions

• Tuesday, 1st October 2024
• by Sarah Samir

Belayim Petroleum Company (Petrobel) has won first place in the National Initiative for Smart Green Projects in the Sinai region.

Badawi Reviews Petrobel’s Milestones, Zohr Field Progress in Port Said

• Sunday, 14th July 2024
• by Sarah Samir

Minister of Petroleum and Mineral Resources Karim Badawi has highlighted that safety is very important and working to constantly improve it is a priority.

Petrobel Targets Investments Worth $614M During FY 2024/25

• Tuesday, 12th March 2024
• by Fatma Ahmed

Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy has stated that his company targets investments of $614 million during the fiscal year (FY) 2024/25.

Petrobel Produces 93 mmboe in FY 2022/23

• Monday, 18th September 2023
• by Fatma Ahmed

Khaled Mowafi, the chairman of Chairman and Managing Director of Belaim Petroleum Company (PETROBEL) announced that his company produced oil, natural gas, butane, and condensates of 93 million barrels of oil equivalent (mmboe) during the fiscal year (FY) 2022/23.