Dana Gas Begonia-2 Well to Deliver 5 MMCF/D of Natural Gas, 11 More Wells in Pipeline

• Sunday, 20th July 2025
• by Doaa Ashraf

Dana Gas reported on Wednesday 9 billion cubic feet (bcf) of gas proven reserves from initial drilling results of Begonia-2 appraisal well located in the New Manzala concession area in the Nile Delta region. Production from the well is expected to reach 5 million cubic feet per day (mcf/d) of natural gas. Karim Badawi, minister of petroleum and Mineral Resources, met with Richard Hall, CEO of Dana Gas to review the company’s current activity and its future development plans in the concession areas. Hall reflected on Minister Badawi's recent visit to the Begonia-2 well site in the New Manzala onshore concession in the Nile Delta, operated by El Wastani Petroleum Company (WASCO) in partnership with Dana Gas. The visit was to oversee the start of an integrated program to drill 11 new wells. These wells are expected to add approximately 160 billion cubic feet (bcf) of natural gas, with an additional average production of about 100 million cubic feet of gas per day (mmcf/d) and 2,000 barrels per day (bbl/d) of condensates.

IFC Praises Egypt’s Mining Sector’s Competitiveness

• Sunday, 20th July 2025
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cheick-Oumar Sylla, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group. Their discussion focused on exploring potential avenues for cooperation in financing projects within Egypt's mining sector.

MRMIA, Wadico Sign Agreement to Explore Oil Shale Opportunities

• Sunday, 20th July 2025
• by Sarah Samir

The Mineral Resources and Mining Industries Authority (MRMIA) signed a Memorandum of Understanding (MoU) with New Valley Company for Mineral Resources and Oil Clay (Wadico), to cooperate in completing geological, technical, and economic studies to assess oil shale reserves in Egypt and develop an integrated plan for its optimal exploitation.

Saudi, Finnish, Japanese Companies Show Interest in Egypt’s Mining Sector

• Thursday, 17th July 2025
• by Sarah Samir

 Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), held a number of meetings with international investors showing interest in investing in the Egyptian mining sector. The meetings took place on the sidelines of the 4th edition of the Egypt Mining Forum.

UEE Signs 20 MWP Hybrid Solar Deal with LONGi for Oilfield Decarbonization

• Thursday, 17th July 2025
• by Doaa Ashraf

United Energy Egypt (UEE) has signed a Memorandum of Understanding (MoU) with LONGi Green Energy, a global leader in solar technology, to deploy a 20-megawatt (MW) hybrid solar power system across six oil fields. The project is expected to deliver 24,800 megawatt per hour (MWh) of annual clean energy, powering more than 6,000 Egyptian households, while avoiding over 14,000 tons of carbon dioxide emissions yearly, equivalent to removing 3,000 gasoline vehicles.

Egypt Leases Energos Winter FSRU for Five Years, Arrives in Damietta Port By August

• Thursday, 17th July 2025
• by Doaa Ashraf

Egypt has leased the Energos Winter floating, storage, and regasification unit (FSRU) for five years and the unit is expected to arrive at Damietta port by August this year. So far, there are three connected regasification units to SUMED and Sonker berths in Ain Sokhna port. The three units hold regasification capacity of 2,250 million standard cubic feet per day (mmscf/d), Moataz Atef, Undersecretary of the Minister’s Technical Office and Official Spokesperson, Ministry of Petroleum and Mineral Resources.

Badawi Issues New Promotions Across Oil, Gas Sector

• Thursday, 17th July 2025
• by Sarah Samir

Minister of Petroleum and Mineral Resources Karim Badawi issued a new round of appointments for finance and contracts directors in a number of petroleum sector companies.

Egypt Revises Renewable Energy Target to 29.7%: IMF

• Thursday, 17th July 2025
• by Sarah Samir

The Egyptian government revised its target for renewable energy contribution to power generation to 29.7 % by 2030, according to the International Monetary Fund (IMF) report on the fourth review of the $8bn loan. 

The new target is compared to the 42 per cent by 2023 given by several government officials, including the prime minister and the 42 % by 2040 noted by Mahmoud Esmat, Minister of Electricity and Renewable Energy, in September 2024

Egypt Ramps Up Methane Emission Controls in Oil, Gas Sector: IMF

• Thursday, 17th July 2025
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources is set to implement a monitoring, reporting, and verification (MRV) system to regularly track flaring, fugitive methane, and vented methane emissions at the operator or project level. Furthermore, a new decree will mandate operating companies to submit and secure approval for targets aimed at reducing oil and gas sector emissions, aligning with Egypt's Nationally Determined Contributions (NDCs). Non-compliance will incur fines following a two-year grace period.

Egypt to Launch its First Aerial Mineral Survey in Decades

• Thursday, 17th July 2025
• by Doaa Ashraf

The Mineral Resources and Mining Industries Authority (MRMIA) will commence aerial survey for mineral exploration for the first time in decades as part of the sector development strategy, said Minister of Petroleum and Mineral Resources, Karim Badawi during the closing session of Egypt Mining Forum in Cairo.