New Appointments Announced by Badawi Across Oil, Gas Sector
Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new round of transfers and assignments for operation leaders in the petroleum sector.
News / Egypt
Egypt’s Petroleum Minister Issues Major Leadership Reshuffle
Minister of Petroleum and Mineral Resources Karim Badawi has announced a new round of transfers and appointments involving senior officials at the ministry, the Egyptian Natural Gas Holding Company (EGAS), and several petroleum and mineral resources sector companies. The reshuffle aims to strengthen key petroleum entities with the required expertise to drive future objectives and encourage knowledge exchange. It also includes filling leadership positions that have recently become, or are expected to become, vacant due to retirements.
Egypt Advances Industrial Decarbonization with Mitsubishi Power’s Hydrogen Conversion Technology
Mitsubishi Power, the energy solutions brand of Mitsubishi Heavy Industries, has completed a hydrogen fuel conversion project at the refinery of the Alexandria National Refining and Petrochemical Company (ANRPC). The project marks the first industrial use of hydrogen as boiler fuel in Egypt and the wider MENA region.
The project, whose contract was unveiled in 2022, contributes to the utilization of 14,000 tons per year (tpa) of hydrogen-rich gases available in the production units, reducing natural gas consumption by about 24,000 tons as well as the reduction of carbon emissions by about 65,000 tpa.
WEPCO Increases Onshore Gas Production from Egypt’s Western Desert
The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert.
Cleopatra Group Eyes Oil Sector, Assesses Fields For Investment
Cleopatra Group, one of Egypt’s largest private sector industrial conglomerates is tapping the oil sector, and is currently assessing some fields in Egypt and abroad to invest in, according to Mohamed Aboul Enein, founder and chairman.
AngloGold Ashanti Doubles its Earnings, Cash Flows in Q2 2025
The global gold mining company, AngloGold Ashanti, reported more than 100 per cent increase in both its earnings and free cash flow in the second quarter of 2025 (Q2 2025) compared to the same period last year. This was driven by a hike in average gold price, continued cost discipline and a 21% increase in gold production, according to a company statement
Energos Force Arrives in Aqaba to Secure Gas Supply for Jordan and Egypt
Jordan received on Friday the Energos Force floating, storage, and regasification unit (FSRU) at Aqaba port. The unit is set to commence operations next Tuesday, facilitating the gasification of liquefied natural gas (LNG) shipments, according to Jordan news agency.
Egypt and Jordan signed a cooperation agreement in 2024 that entails leveraging Egypt’s floating storage and regasification units (FSRUs) to supply Jordan with natural gas and secure its local market demands. Herein, Jordan plans to secure up to 350 million cubic feet of gas daily from the Energos Force unit till the end of 2026.
ECHEM Delegation Visits China to Strengthen Strategic Partnerships
A delegation from the Egyptian Petrochemicals Holding Company (ECHEM), headed by Chairman Ibrahim Mekky, conducted a visit to China to explore strategic partnerships and localization opportunities in high-value industries. The visit included touring several advanced industrial complexes specializing in metallurgical silicon, nylon, and soda ash.
Badawi in Talks with Survey Firms to Build Egypt’s National Mining Database
Minister of Petroleum and Mineral Resources Karim Badawi met with representatives from the Arabian Geophysical and Surveying Company (ARGAS), Metatek, Excalibur, and Novia. Specialized in aerial surveying and seismic imaging, the companies discussed with the minister collaborating on a national project to create a comprehensive geological database for all of Egypt. The goal is to make data accessible to both local and international companies interested in mining investments.
Egypt signs New Gas Exploration deals with Eni and bp
The Egyptian General Petroleum Corporation (EGPC); and the Egyptian Natural Gas Holding Company (EGAS) signed a new incentive-based agreement with Italy’s Eni—represented by its Egyptian subsidiary, the International Egyptian Oil Company (IEOC)—and bp, to initiate exploration activities in the Mediterranean Sea.
