Karim Badawi , Minister of Petroleum and Mineral Resources, met with leaders from the Egyptian Natural Gas Holding Company (EGAS) ) to review the progress for ongoing projects as well as future plans across various natural gas value chain.
Egypt and the European Union (EU) are strengthening their strategic partnership in renewable energy through a financing package of up to €960 million to upgrade and expand Egypt’s electricity transmission network.
Qalaa Holdings, a leading MENA‑focused investment company, announced that its ownership stake in TAQA Arabia could rise from 6.2% currenlty to more than 55% by 2029 if it exercises its rights to purchase additional shares from other TAQA Arabia shareholders, according to a disclosure to the Egyptian Exchange (EGX)..
Prime Minister Mostafa Madbouly met with Ahmed Kouchouk, Minister of Finance, and Karim Badawi, Minister of Petroleum and Mineral Resources, to review the status of financial allocations required to secure the country's needs for various petroleum products. The meeting was also attended by senior officials from both ministries and the Egyptian General Petroleum Corporation (EGPC).
As part of its strategy to boost domestic oil and gas output, the Egyptian oil and gas sector has added roughly 12,000 barrels per day (bbl/d) of crude oil and condensates to Western Desert production over the past two weeks, the Ministry of Petroleum and Mineral Resources (MoPMR) announced in a statement.
This comes as Khalda Petroleum Company, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and US-based Apache, has achieved a significant production leap by adding more than 10,000 bbl/d of crude oil and condensates in just two weeks.
In a related effort to maximize output from state-owned assets, the General Petroleum Company (GPC) has achieved its highest production levels since October 2024, with total output reaching around 74,500 barrels of oil equivalent per day (boe/d)
President Abdel Fattah El-Sisi reviewed progress on the second phase of projects aimed at strengthening Egypt’s national electricity grid during a meeting with Minister of Electricity and Renewable Energy Mahmoud Esmat.
Prime Minister Mostafa Madbouly reaffirmed the government's commitment to attracting new investments into the oil and gas sector during a tour of the natural gas production facilities in Egypt’s West Delta Deep Marine (WDDM) during a visit to Beheira Governorate.
Madbouly was accompanied by Minister of Petroleum and Mineral Resources Karim Badawi, and executives of international partners, including UK Shell, Malaysia’s Petronas, and Kuwait Foreign Petroleum Exploration Company (KUFPEC).
"Egypt enjoys a promising potential in liquefied natural gas (LNG) complexes, supported by a well‑developed national gas transmission network and a strategic geographic location that links its production areas with global markets", said Prime Minister Mostafa Madboul during his visit to the Egyptian Liquefied Natural Gas LNG (ELNG) complex located in Idku, Beheira.
Egypt's mining sector is on the right track to attract more international investors following recent regulatory reforms, three executives of international mining companies told Petrocast , the Ministry of Petroleum and Mineral Resources (MoPMR)'s podcast.
Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the liquefied natural gas (LNG) regasification units at Ain Sokhna to ensure full operational readiness ahead of peak summer consumption, noted a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
