News / Egypt

EGPC Chairman Briefed on BAPETCO’s Five-Year Strategy

Khaled Abdelsalam, Chairman of Badr El-Din Petroleum Company (BAPETCO), presented the company's ambitious five-year plan to double production and quadruple reserves by 2030 at a meeting headed by Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), along with BAPETCO leaders.

EGPC's CEO called for an increase in investments to support higher production rates. He also underscored the importance of developing the skills of young employees to prepare them for future leadership roles through continuous technical and personal training.

Badawi and UAE Ambassador Advance Oil, Natural Gas Cooperation

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Hamad Obaid Al Zaabi,  the United Arab Emirates' (UAE) Ambassador to Egypt, to discuss strengthening cooperation and strategic partnerships in the oil and natural gas sector. The meeting underscored the strong, longstanding ties between the two countries, particularly within the energy industry, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).  Badawi highlighted the continued efforts to deepen collaboration, attract new investments, and expand the presence of Egyptian petroleum companies in the UAE.

Minister Badawi Chairs EMRA Board, Reschedules Egypt Mining Forum

Karim Badawi, Minister of Petroleum and Mineral Resources, chaired the first meeting of the Board of Directors for the Egyptian Mineral Resources Authority (EMRA) in its new formation, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Badawi emphasized that the transformation of the authority into an economic entity, which President Abdel Fattah El-Sisi ratified last June, represents a major step in supporting and developing the mining sector.

MoPMR Partners with SCA to Build Gas Liquefication and Bunkering Station in Port Said

The Ministry of Petroleum and Mineral Resources (MoPMR) signed a Memorandum of Understanding (MoU) with the Suez Canal Authority (SCA) to establish an LNG liquefaction and bunkering station in Raswa, Port Said. The agreement aims to secure gas supplies for the planned liquefaction and storage facility and to strengthen cooperation between petroleum-sector companies and the SCA in completing the executive and technical procedures required to initiate construction.

PMS, ABL Announce Strategic Rig Movement Partnership for Red Sea

Petroleum Marine Services (PMS) has launched a unified offshore rig movement service covering the Red Sea and Gulf of Suez. PMS launched the service in collaboration with the UK-based ABL Group. This strategic expansion aims to reduce operating costs and support production efficiency in the region.

Egypt Boosts Ore, Element Extraction with Nuclear Materials Authority

The Ministry of Electricity and Renewable Energy reviewed progress at the Nuclear Materials Authority’s technology units in Anshas, where advanced ore processing and rare-element extraction techniques are being developed to boost the value of Egypt’s natural resources.

ELNG Hosts Safety Day, Showcases 17 Million Safe Work Hours Record

The Egyptian Liquefied Natural Gas (ELNG) celebrated surpassing 17 million safe working hours without lost-time injuries as it held its annual Safety Day at its headquarters in Idku. The event, which focused on boosting a safe work culture among its employees, was inaugurated by Yassin Mohamed, First Undersecretary of the Ministry of Petroleum and Mineral Resources (MoPMR) and supervisor of Safety, Occupational Health, Environment, Energy Efficiency, and Climate.

UK Energy Companies Eye Petrochemical, oil, SAF Investments in Egypt

British companies, including BP, Shell, Harbour Energy, and Capricorn show increased interest in Egypt with an obvious commitment to inject substantial investments into is evident of the appeal of Egypt’s energy investment landscape, said Karim Badawi, Minister of Petroleum and Mineral Resources, during his meeting with Mark Bryson-Richardson, the British Ambassador to Cairo, and his accompanying delegation, on November 20.

The Minister also highlighted Egypt's growing role as a regional gas and oil trading hub, which receives significant quantities of gas, particularly those expected from Cypriot fields, that can be directed to value-added industries. He also reviewed the ongoing mutual projects in the oil, gas, petrochemical, and mining sectors.

SLB, MoPMR Host Workshop to Advance AI in Exploration and Production

Ministry of Petroleum and Mineral Resources (MoPMR) organized the second workshop about the applications of Artificial Intelligence (AI) in oil and natural gas Exploration and Production (E&P), in cooperation with SLB.

The attendees included  Ehab Ragaee, First Undersecretary for Production Affairs at the Ministry of Petroleum and Mineral Resources (MoPMR), and Mohamed Radwan, Vice Chairman of South Valley Egyptian Holding Company for Petroleum (GANOPE) for Agreements and Exploration, and Director of the Egypt E&P Gateway, alongside several company chairmen, exploration managers, and representatives of foreign partners.

Egypt Makes New Offshore Oil Discovery in Gulf of Suez

Ministry of Petroleum and Mineral Resources announced a new offshore oil discovery in the Gulf of Suez after drilling the NER-1X well. Production is expected to begin within days at about 3,000 bbl/d, using the existing Al-Fanar platform to reduce development costs.

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