Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, reviewed the operating position of the national natural gas network and the plans to secure supplies during the second half of summer.
Egypt is preparing to raise oil and natural gas production and cut petroleum imports as it works to secure energy supplies under its FY2026/27 development plan.
South Valley Egyptian Petroleum Holding Company (Ganope) organized an awareness session for its leaders and affiliated companies to strengthen crisis preparedness and improve responses to emergency situations, according to a company statement.
Rashid Petroleum Company (Rashpetco) revealed a five-year strategic plan (2025–2030), aiming to double its current natural gas production by fiscal year (FY) 2029/30.
A primary highlight of the strategy is the West Mena region, located offshore the Mediterranean, where drilling operations for the first well are scheduled to commence in February. The project targets an estimated production of 160 million standard cubic feet per day (mmscf/d) of natural gas and 1,900 barrels of condensate per day by the fourth quarter (Q4) of 2026.
Karim Badawi, Minister of Petroleum and Mineral Resources, secured two deals at ADIPEC 2025 to boost E&P in the East Med: a 95,000 square kilometers (sq) km OBN seismic survey with SLB and Viridien and a $44 million EUG contract extension to attract investment.
Minister of Petroleum and Mineral Resources Karim Badawi honored several Egyptian petroleum companies during a recognition ceremony held on the sidelines of Egypt’s participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025).
The honored companies, including the Engineering for the Petroleum and Process Industries (ENPPI), Petrojet, and Egyptian Maintenance Company (EMC), were recognized for their outstanding performance and global achievements after being listed in the 2025 Engineering News-Record (ENR) ranking of the world’s top 250 construction companies.
A significant leap in the production of the Badr-1 concession area was achieved by Badr Petroleum Company in fiscal year (FY) 2024/2025, chairman Ibrahim Massoud revealed at the company’s general assembly reviewing the year’s financial results. He added that execution reached 143% of the targeted plan, resulting in a total daily output of 6,440 barrels of oil equivalent (boe). Moreover, two exploratory wells and two development wells were drilled, which helped enhance production and increase capacity, while also adding approximately 10 million barrels (mmbbl) of confirmed oil equivalent reserves.
Al-Hamra Oil Port in Al-Alamein city received and handled 74 million barrels (mmbbl) of oil during fiscal year (FY) 2024/2025, said Ibrahim Massoud, chairman of the port’s operator, West Desert Petroleum Company (WEPCO).
Speaking at the company’s general assembly meeting, headed by Karim Badawi, Minister of Petroleum and Mineral Resources, Massoud further shed light on the progress made on the port’s northern expansions, carried out by Petrojet, the engineering and construction giant specializing in large-scale petroleum and energy infrastructure projects. He also underlined the ongoing southern expansion works, noting that the developments aim to establish Al-Hamra Oil Port as a distribution hub for petroleum products, with a storage capacity of 130,000 tons, serving Al Alamein and Egypt’s northwestern Mediterranean coast.
The joint efforts exerted by Egypt’s Ministry of Petroleum and Mineral Resources, in cooperation with foreign partners in the energy sector, have boosted natural gas production rates and ushered back a high-output phase, Minister Karim Badawi said during a meeting with CEOs and representatives of foreign petroleum, natural gas, petrochemical, and mining companies operating in Egypt.
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cypriot Minister of Energy and Industry George Papanastasiou to look into accelerating the connection of Cypriot natural gas fields Cronos and Aphrodite to Egypt’s gas infrastructure by 2027. The meeting took place on the sidelines of the GASTECH 2025 conference and exhibition in Milan, Italy.
