Egypt became the first African and Arab country to lead the International Gas Union (IGU) in a six-year period after a majority of the IGU’s 94 members voted in favor ot its becoming the union’s vice president (2025–2028) followed by the Presidency (2028–2031).
The North Baharia Petroleum Company (Norpetco) Chairman Khaled El-Sheshtawy, reviewed the company's key achievements during the past period. El-Sheshtawy noted that the company continues to implement its plans to increase production with a budget exceeding $100 million, with production rates surpassing 16,000 barrels of oil. The company also increased the number of crude oil storage tanks in its fields, reaching a storage capacity of 75,000 barrels.
Prime Minister Mostafa Madbouly led an inspection tour to follow up on developments in preparing the infrastructure at Ain Sokhna port so that the second FRSU to start operations.
Madbouly began his tour by inspecting the Energos Eskimo Floating Storage Regasification Unit (FSRU).
The evaluation of offers for seven new exploration and production blocks under the Egyptian General Petroleum Corporation (EGPC) has been finalized as part of the Ministry of Petroleum and Mineral Resources' strategy to attract new investments in exploration and production (E&P). Offered via the Egypt Upstream Gateway (EUG), these blocks will bring significant new investments and the drilling of at least 17 new exploratory wells.
TAQA Arabia, Egypt’s leading private sector energy and utility provider, has won the Power and Water Project of the Year and the Sustainable Initiative of the Year awards at the 'Big 5 Egypt Impact Awards 2025' for building the country’s first and largest solar-powered desalination plant.
Egypt is taking the needed measures to secure the natural gas supplies, said Prime Minister Mostafa Madbouly at a press conference following the weekly Cabinet meeting.
ExxonMobil Egypt, a leading provider of high-quality lubricants and fuels with a wide network of convenience retail shops and centers, renewed and expanded its collaboration with the Sawiris Foundation for Social Development (SFSD), providing additional support to the "Bab Amal" program. The partnership aims to assist nearly 100 families in Assiut Governorate, with implementation handled by the Giving Without Limits Association.
Minister of Petroleum and Mineral Resources Karim Badawi attended the “Energy Transition: Eastern Mediterranean and Southeast Europe” Summit, held in the Greek capital Athens on June 17–18, 2025. Badawi participated as a keynote speaker in a panel discussion titled "Achieving Regional Synergy in a Transitional Energy Landscape" along with George Papanastasiou, Cypriot Minister of Energy, Commerce and Industry; and Tasos Chatzivasileiou, Greek Deputy Minister of Foreign Affairs.
Petroleum Marine Services (PMS) has completed the installation of the West El Burullus (WEB) offshore platform, part of the WEB gas field development project in the Nile Delta, operated by West El Burullus Petroleum Company (PetroWEB). The installation involved placing a 345-ton jacket, followed by a 431-ton deck, using cutting-edge lifting equipment aboard the PMS 12 marine unit. According to the ministry’s statement, the next phase will involve installing a 14-inch, 32-kilometer subsea pipeline tied back to the West Delta Deep Marine gas reception plant on the Mediterranean coast close to Alexandria.
Prime Minister Mostafa Madbouly chaired a meeting on 16 June to review progress on implementing the government’s initial public offering (IPO) program for companies in the petroleum and public business sectors.
The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Mohamed Shimi, Minister of the Public Business Sector; Hassan El-Khatib, Minister of Investment and Foreign Trade; and a number of officials from relevant bodies.
