A team from El Wastani Petroleum Company (WASCO) restored production from the Balsam-3 well, which had been slated for permanent abandonment, transforming the well from a candidate for abandonment into a natural gas producer. The well yielded approximately 5 million standard cubic feet of gas per day (mmscf/d), adding 4 billion cubic feet (bcf) of natural gas to the company's reserves.
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), has paid a field visit at El Hamra Petroleum Port in the New Alamein City to inspect the ongoing development and expansion works. Following the model of the Fujairah Port in UAE, Egypt aims to transform El Hamra port as a pivotal hub and a logistics center for storing and handling crude oil and petroleum products on the Mediterranean coast.
Egypt has not signed a new agreement to import Israeli gas, clarified Moataz Atef, the Undersecretary for the Minister's Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources, during a prime-time talk show on Friday night.
His comments came in response to media reports suggesting Egypt had entered a new $35 billion deal to import gas from Israel through 2040. Atef explained that this is not a new agreement, but rather an extension of an existing 2019 deal.
Oil sales from VAALCO Energy's Egyptian operations amounted to $112.844 million for the six months ending June 30, 2025. Meanwhile, net revenues from Egypt reached $67.177 million during H1 2025, according to a recent press release.
Egypt has secured a stable and reliable system to meet its natural gas needs for the next five years in terms of floating, storage, and regasification units, Prime Minister Mostafa Madbouly stated during the Cabinet meeting on Wednesday.
Karim Badawi, Minister of Petroleum and Mineral Resources, visited the Aqaba Port in Jordan for the trial run of the Floating Storage and Regasification Unit (FSRU) Energos Force, which is set to receive imported liquefied natural gas (LNG) shipments, regasify them, and inject the gas into the Arab Gas Pipeline. He was accompanied by Saleh El-Kharabsheh, Jordanian Minister of Energy and Mineral Resources.
The Egyptian General Petroleum Corporation (EGPC) held a workshop to review the actual results of the trial run for a project at the Alexandria National Refining and Petrochemicals Company (ANRPC). This project involved changing the main boiler's fuel system. During the trial, the boiler was operated using hydrogen surplus instead of natural gas. Approximately 12,000 tons of hydrogen-rich gases were utilized as a substitute for 20,000 tons of natural gas. This pioneering initiative in the petroleum sector yielded significant economic savings and environmental benefits.
Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new round of transfers and assignments for operation leaders in the petroleum sector.
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.
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.
