Badawi Checks the National Gas Network Readiness for Peak Demand in an Unannounced Visit

• Wednesday, 13th August 2025
• by Reem Hossam El-Dein

Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), paid a surprise visit to the National Gas Network Control Centre (NATA) at the headquarters of the Egyptian Natural Gas Company (GASCO) on Wednesday to inspect the network’s operational readiness and contingency plans for handling potential surges in consumption during peak power demand months. Badawi listened to a detailed briefing from Yasser Salah El-Din, Chairman of GASCO, on the network’s operational preparedness.

NDC Sees Increase in Net Profit in H1 2025

• Wednesday, 13th August 2025
• by Doaa Ashraf

The National Drilling Company (NDC), an Egyptian oil and gas services provider, has recorded a rise in net profits to $3.699 million during the first half (H1) of 2025, from $3.185 million the same period last year, according to the Egyptian Exchange. Furthermore, the company's operating revenues rose to $12.098 million in H1 2025, compared to $9.294 million H1 of 2024.

NORPETCO Drills 13 New Wells, Adds 1.5Mn Barrels in Reserves in FY 2024/2025

• Tuesday, 12th August 2025
• by Doaa Ashraf

North Bahariya Petroleum Company (NORPETCO) has commenced crude oil production from the Ferdous-23 well, drilled 13 new wells exceeding its annual target, and added 1.5 million barrels of proven reserves. The statement was made during the company's General Assembly, headed by Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), to approve its work results for the fiscal year (FY) 2024/2025.

EUG Attracts Over $1.2Bn in Investments Since Launched: Gateway Project Manager

• Tuesday, 12th August 2025
• by Sarah Samir

Mohamed Radwan, Ganoub El Wadi Petroleum Holding Company's (Ganope) Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway's (EUG) Project Manager at the Ministry of Petroleum, revealed that the gateway, now comprising 47 member companies, has attracted investments worth over $1.2 billion for the purpose of drilling 127 wells in 51 areas since its launch in February 2021. The figures were mentioned in his review of the gateway's achievements, in partnership with the international company Schlumberger, in a meeting with MoMPR Minister Karim Badawi. He also reviewed the team's efforts in supporting investors' decisions 

Badawi, Polyserve CEO Discuss New Phosphate Project

• Tuesday, 12th August 2025
• by Sarah Samir

Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Mostafa El Gabaly, CEO of Polyserve for Fertilizers and Chemicals to discuss speeding up the launch of a new project developed by the group to extract, process, and utilize phosphate to be used  in  producing phosphate fertilizers and phosphoric acid.

Badawi Reviews Progress on Red Sea Petrochemicals Complex

• Tuesday, 12th August 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources held a meeting with leaders of petroleum companies to follow up on the progress of the Red Sea National Petrochemicals Complex project.
Set to be established in the Suez Canal Economic Zone, the complex is one of the most important projects supporting the Egyptian economy, given its economic value through increasing local production and offering alternatives imports, Badawi noted. The project is implemented with Egyptian investments, which would greatly reduce the import bill and maximize the added value of crude oil by converting it into products previously imported from abroad, he added.

Dana Gas Net Profits Surge in H1 2025, Driven by Strong Performance in Egypt and Iraq

• Monday, 11th August 2025
• by Fatma Ahmed

Dana Gas, one of the major natural gas companies in the Middle East,  reported a  1%  increase in net profits during the H1 2025,compared to the same period of last year to reach AED 270 million ($73 million) thanks to new investment momentum in Egypt and strong operation in Kurdistan Region of Iraq (KRI).

In a company press release on the results, Dana Gas highlighted the successful drilling of the first well in Egypt under its new investment program, with a successful outcome. In July, the company announced the successful drilling and completion of Begonia-2, the first of 11 planned wells, confirming 9 billion cubic feet (bcf) of gas reserves and expected production of 5 million standard cubic feet per day (mmscf/d).

Egypt’s Earns Place in CIF Climate Fund Program

• Monday, 11th August 2025
• by Sarah Samir

Egypt has been selected as one of only seven countries worldwide to benefit from the Climate Investment Funds (CIF) program—a recognition of the nation’s tangible efforts and serious steps toward transitioning to a green economy. The  Egyptian Cabinet highlighted this achievement through a series of infographics on its social media platforms, showing the country’s strategic direction toward promoting sustainable development, expanding clean energy use, and implementing environmentally friendly projects.

Madbouly Reviews Efforts to Boost Petroleum Stockpiles, Pay Arrears to International Oil Partners

• Monday, 11th August 2025
• by Fatma Ahmed

Egypt’s Prime Minister Mostafa Madbouly held a meeting with the Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, and Minister of Petroleum and Mineral Resources Karim Badawi, to review the ongoing efforts to ensure the availability of petroleum products and the status of the arrears owed to foreign partners in the petroleum sector.

Egypt Signs $490M Financing Deal for New Alamein Soda Ash Plant

• Monday, 11th August 2025
• by Sarah Samir

The Egyptian Soda Ash Company (ESAC) and several national and regional financing institutions signed an Agreement in Principle (AIP) for financing a Soda Ash production project for an estimated $490m. The ESAC project's goal is to produce 600,000 tons of soda ash and its derivatives annually within the industrial zone of New Alamein City.