Pharaonic Petroleum Company (PHPC), a joint venture between BP and the Egyptian Natural Gas Holding Company (EGAS), briefed Minister of Petroleum and Mineral Resources Karim Badawi on updates to its production drilling plans and the safety protocols currently in place. The presentation was delivered by PHPC Chairman Hossam Zaki, in the presence of the personnel of the Port Said-located Ha’py fields, operated by PHPC

The meeting was part of Minister Badawi’s surprise visit to PHPC’s headquarters in Cairo, where he followed up on the company’s operations and production updates from its Mediterranean natural gas concessions, developed in partnership with bp.

The minister praised the efforts of PHPC employees, along with those of other gas-producing companies, asserting their role in gradually increasing gas and petroleum output since August 2025. In July and August 2025, Egypt added more than 200 million cubic feet of gas per day (mmcf/d) to its overall production, resulting in $3.6 million in savings on the fuel import bill for FY 2024/25.

Badawi also emphasized the importance of investing in the petroleum sector’s human capital, whether through ongoing training programs or by strictly adhering to the occupational health and safety system. He noted that the ministry is working to enhance the human resources development system in all companies of the sector.

PhPC recorded an average output of 76,100 barrels of oil equivalent per day (boe/d), exceeding its approved production plan for fiscal year (FY) 2024/2025 by 119%, said  Zaki earlier in September during the company’s general assembly meeting to review its key performance results.