The Chairman of Borg El-Arab Petroleum Company (BORAPETCO), Sami El Shahat, announced that the company has achieved significant growth in implementing its production plan for the current fiscal year (FY) 2024/25.
A routine general assembly of Esh El Mallaha Petroleum Company (ESHPETCO) and Petro El Mallaha company was held for the fiscal year (FY) 2025/26 in the presence of Salah Abdel Karim, CEO of the Egyptian General Petroleum Corporation (EGPC), Ashraf Bahaa El-Din, Chairman of Ganoub El Wadi Petroleum Holding Company (Ganope), and their deputies.
Within one year of opening its branch in the Kingdom of Saudi Arabia, Egypt Maintenance Company (EMC) Chairman, Khaled Ibrahim, signed a strategic partnership agreement with Azhar Services and Contracting Company, one of the largest contracting companies in the Kingdom of Saudi Arabia, during his visit to the Kingdom from January 6 to 9, 2025.
The Gulf of Suez Petroleum Company (GUPCO) organized three events to include the people with disabilities at various regions .
These events were held under the patronage of the company’s chairman Abdul Wahab El-Maghawry as part of its commitment to the social responsibility and its care to boost social participation of disabilities.
Prime Minister Mostafa Madbouly held the weekly press conference, following the Cabinet meeting, on January 8th, 2025. During the press conference, Madbouly talked about the energy file and energy security in the coming period.
Minister of Petroleum and Mineral Resources, Karim Badawi, revealed that the announced incentive measures yielded positive results by the end of December 2024 by adding new petroleum products. This will contribute to saving an additional import bill cost of $1.5 billion annually, starting from January 2025.
Minister of Petroleum and Mineral Resources Karim Badawi held a tour visit to the rig vessel Valaris Ds-9 which is searching for natural gas in the North Marakia area in the West Mediterranean, and currently drilling the first exploratory gas well in the area in which ExxonMobil company is investing.
The Prime Minister Mostafa Madbouly expressed his appreciation to several government agencies and ministries including Ministry of Petroleum and Mineral Resources (MoPMR) which responding positively the complaints especially during the current challenges.
The Ministry of Petroleum and Mineral Resources (MoPMR) confirmed that the cooling operations are currently being completed by the work teams of the petroleum geographic area in Mostorod for the part of the Mostorod-Huckstep butane pipeline that caught fire on January 7th in the Khanka city area.
In his speech before the Senate, Minister of Petroleum and Mineral Resources, Karim Badawi, announced resuming Zohr development activities as well as the start of drilling two development wells in January 2025.
