Dana Gas announces a $103 million profit and adds 21.3 billion cubic feet (bcf) in new gas reserves from its $100M investment program in Egypt, mitigating reliance on imported LNG.
Karim Badawi, Minister of Petroleum and Mineral Resources, met on November 8 with Badr Abdel-Atty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates, to enhance coordination for increasing foreign investments in the petroleum sector and creating new opportunities for Egyptian petroleum companies to compete globally.
Karim Badawi, Minister of Petroleum and Mineral Resources has issued a new round of appointments for leadership positions at Belayim Petroleum Company (Petrobel) and Agiba Petroleum Company.
Karim Badawi, Minister of Petroleum and Mineral Resources, paid a surprise visit to the headquarters of the Egyptian Petroleum Services Company (EPSCO), within his regular field inspections. Upon his arrival, the minister held a meeting with Chairman Ahmed Shehata and the executive leadership, in the presence of Ahmed Randy, Undersecretary of the Central Communications Department at the Ministry.
Egypt's Idku plant ships a new 150,000 cubic meters (m³) Liquefied Natural Gas (LNG) cargo to Greece, continuing its recent run of exports to Turkey and Italy.
Badr El-Din Petroleum Company (BAPETCO) has made a new natural gas discovery in the Badr-15 area through the BED 15-31 well in the Western Desert .
The new well has already been brought online with an initial production rate of 16 million cubic feet (mcf ) of gas and 750 barrels of condensate per day. The discovery, located in the Lower Bahariya reservoir, is expected to add around 15 billion cubic feet (bcf) of gas to Egypt’s reserves.
At the conclusion of his participation in the ADIPEC 2025 Exhibition and Conference in Abu Dhabi, Karim Badawi, Minister of Petroleum and Mineral Resources, met with executives and leaders of U.S Bechtel Corporation, China’s United Energy Group (UEG), Norwegian Subsea7, and U.S S&P Global. The meetings discussed strengthening existing partnerships and exploring new opportunities in oil, gas, and energy transition projects.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with OAPEC Secretary General Al-Loughani at ADIPEC 2025 to strengthen Arab energy integration. They agreed to enhance cooperation on energy security, supply stability, technology transfer, and human capacity development.
Karim Badawi, Minister of Petroleum and Mineral Resources, secured two deals at ADIPEC 2025 to boost E&P in the East Med: a 95,000 square kilometers (sq) km OBN seismic survey with SLB and Viridien and a $44 million EUG contract extension to attract investment.
Karim Badawi, Minister of Petroleum and Mineral Resources, stated that Egypt is enhancing its role as a key regional hub for trading and exchanging energy, leveraging its fully integrated infrastructure. Speaking with Cyprus Energy Minister George Papanastasiou at ADIPEC 2025, Badawi emphasized that this arrangement enables Egypt to provide reliable route for delivering East Mediterranean gas resources to global markets at a competitive cost.
