The Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of IEOC, ENI’s subsidiary in Egypt, where they discussed the latest developments of its operations in Egypt especially the ongoing preparations to resume drilling operations in the Zohr field and continue with the studies for Nargis field in the MediterraneanSea.
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting to discuss the strategy of Petrojet's operations during the next period and explore the means for local and international expansion.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Albert G. Dole, Cote d’Ivoire Ambassador to Egypt, as they discussed means of bolstering mutual cooperation in oil, gas and mining fields.
The MoPMR achieved outstanding results during the target period of Egypt's First Biennial Transparency Report (end of 2022), exceeding its targets set within the NDCs to reduce emissions. By implementing 23 projects, the MoPMR reduced emissions by 1.36 million tons of carbon dioxide equivalent, surpassing the target of 1.23 million tons.
The Ministry of Petroleum and Mineral Resources (MoPMR) affirmed that Eni’s rig will arrive on time to start drilling operations at Zohr field in January, denying what have been published about the postpone of the arrival due to the unstable weather at the Mediterranean during the winter.
Cairo Oil Refining Company (CORC) signed a protocol with the Vocational Training and Productive Families Association for establishing new social project (Shabab El Kher) in North Sinai.
President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly; Minister of Petroleum and Mineral Resources, Karim Badawi; Minister of Finance, Ahmed Kouchouk; and Governor of the Central Bank of Egypt, Hassan Abdallah. The meeting discussed efforts to ensure the availability of the state's needs of petroleum products.
Offshore Shukheir oil Company (OSOCO) and Mansoura Petroleum Company succeeded in producing 1.3 million barrels of oil equivalent during the first half of 2024/25, at an average of 6,900 barrels of oil equivalent per day (boe/d).
At a roundtable discussion titled “The Impact of Energy Prices on the Egyptian Economy,” hosted by the ElAdl Party on December 28th, Mohamed Fouad, CEO of Egypt Oil & Gas and Secretary General of the Egyptian Gas Association (EGA), played a central role in outlining critical measures to strengthen Egypt’s energy sector and enhance economic resilience.
An increase in investments has been approved in the budget of Magawish Petroleum Company (Magapetco) to drill more production wells during the current fiscal year (FY) 2024/25 as part of plans to increase production.
