Minister of Petroleum and Mineral Resources Karim Badawi visited the Emirate of Fujairah, accompanied by Accountant Nasser Shoman, the Undersecretary of the Ministry for the Transport and Distribution of Petroleum Products.
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.
During the third day of Egypt International Energy Conference and Exhibition (EGYPES 2025) Ministry of Petroleum and Mineral Resources signed a framework agreement with the UK-based Shard Capital to establish a petrochemical complex in New Alamein City.
As part of Egypt Energy Show Conference and Exhibition (EGYPES 2025), the Minister of Finance, Ahmed Kouchouk stressed that the government is working on increasing the investments in the Egyptian energy sector, within the framework of an integrated and consistent vision to support the competitiveness of the Egyptian economy.
Agiba Petroleum Company Chairman Tharwat El Gendy stated that the proposed budget of his company for the fiscal year (FY) 2025/26 amounted to $641.3 million with a plan to produce 24,000 barrels of oil per day (bbl/d) and 64 million standard cubic feet per day (mmscf/d) of natural gas.
SEKEM, a leading Egyptian social enterprise dedicated to regenerative development, has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources, Matrouh Governorate, Egyptian General Petroleum Corporation (EGPC) and IEOC Production B.V., representing Eni, to implement the Towards Organic Agriculture project.
Abdul Wahab El-Maghawry, the Chairman and Managing Director of the Gulf of Suez Petroleum Company (GUPCO) announced that the company targets to increase the production rate up to 70,000 barrels per day (bbl/d) within the frame of the investment budget worth $585 million during the fiscal year 2025/26.
During the Leadership & Development in Energy Conference taking place on the third and final day of EGYPES 2025, a fireside chat about ''Cultivating the Next Generation of Energy Leaders'' was held between Moataz Atef, Undersecretary of Minister's Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources and Eithne Treanor, a presenter at EGYPES 2025. Atef shared insights on the strategic investments, industry collaborations, and educational initiatives shaping the next generation of energy leaders.
During the second day of the EGYPS 2025 conference, Hisham Tawfik, Chairman and CEO Consultant of Enppi, participated in a panel discussion titled "Scaling Up Energy Security Through Investment In Africa's Downstream Sector." Alongside industry leaders from Nile Delta Petroleum Company, DNV Africa, Chevron Egypt, and Axens, Tawfik discussed the challenges and opportunities in Africa's refining sector. The panel highlighted the continent's vast potential and untapped investment opportunities, emphasizing the need to develop refining infrastructure to ensure energy security. They panelists noted the anticipated rise in petroleum demand from 4.1 million barrels per day to over 5.3 million by 2040, underscoring the importance of enhancing refining capacity and distribution. Tawfik highlighted Enppi's role in modernizing Egypt's refineries and distribution and production facilities, stressing the importance of technology and digital transformation in improving operational economics and reducing reliance on petroleum imports.
The second day of EGYPES 2025, marked the signing of several agreements that focused on digital transformation, natural gas, and capacity building. The Egyptian General Petroleum Corporation (EGPC) partnered with Cisco to establish a unified data center for digital transformation and cost reduction. EGPC also signed protocols with Nalco Water Downstream to boost operational efficiency and environmental compliance. ENPPI signed agreements with AVEVA, Siemens Egypt, and IBM Consulting to enhance digital transformation and training. EGAS and Romania's Transgaz explored natural gas distribution and investment opportunities. Petroleum Marine Services (PMS) signed a tripartite MoU with AVEVA and Mico Engineering Egypt for digital transformation and training, and also partnered with Misr El Kheir and Dar Al Orman for community development.
