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, 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.
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
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.
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.
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.
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.
The Ministry of Petroleum and Mineral Resources (MoPMR), held a specialized workshop on Methane Emissions Management in collaboration with Italy's energy giant, Eni.
Alaa El-Batal, the ministry's First Undersecretary for Energy Efficiency, Climate, Environment, and Safety Affairs, inaugurated the event which saw a wide participation by representatives of safety, environment, energy efficiency, and production departments in the Egyptian General Petroleum Corporation (EGPC) holding companies and their affiliates.
The Egyptian Ethylene and Derivatives Company (ETHYDCO) has signed a technical services agreement with the Egyptian Projects Operation and Maintenance Company (EPROM). The agreement outlines the provision of technical services, project collaboration, and support in technical and engineering fields.
During his visit to the UAE, Karim Badawi, the Minister of Petroleum and Mineral Resources, met with his counterpart and the Chair of the International Affairs Office at the Presidential Court to discuss deepening regional cooperation between Egypt and the UAE. These two meetings were among others held with key industry leaders that concluded with signing two Memorandum of Understandings (MoUs) in the maritime and energy sectors.
