The joint efforts exerted by Egypt’s Ministry of Petroleum and Mineral Resources, in cooperation with foreign partners in the energy sector, have boosted natural gas production rates and ushered back a high-output phase, Minister Karim Badawi said during a meeting with CEOs and representatives of foreign petroleum, natural gas, petrochemical, and mining companies operating in Egypt.
Ganoub El Wadi Petroleum Holding Company (Ganope) and its subsidiaries produced about 12 million barrels of crude oil during fiscal year (FY) 2024/25. This averaged approximately 32,500 barrels per day (b/d), a 6% increase over the previous year. Additionally, the company produced 2.2 billion cubic feet (bcf) of associated gas, Ashraf Bahaa, Ganope chairman, stated.
Representing Egypt’s petroleum sector at the Global African Hydrogen Summit in Nambia, Yasseen Mohamed, First Undersecretary of the Ministry of Petroleum and Mineral Resources said in a panel discussion that Egypt is commited to supporting green hydrogen initiatives as a cornerstone of its energy transition strategy and climate change mitigation efforts.
The Egyptian Natural Gas Holding Company (EGAS) awarded nine new natural gas exploration blocks and finalized six new agreements with total investments of approximately $479 million during fiscal year (FY) 2024/25, according to the company's chairman and Managing Director, Mahmoud Abdelhamid.
Abdelhamid revealed these figures during the EGAS general assembly meeting, chaired by Karim Badawi, the Minister of Petroleum and Mineral Resources. The chairman pointed out that several seismic survey programs have been completed in various exploration and prospecting areas by the company. Badawi emphasized the importance of these surveys, which serve as an incentive for companies interested in working in Egypt's oil and gas sector.
On the sidelines of the Gastech 2025 Exhibition and Conference in Milan, Karim Badawi, the Minister of Petroleum and Mineral Resources, held meetings with the top executives of a number of international oil and Gas companies to discuss investment opportunities in Egypt.
Karim Badawi, the Minister of Petroleum and Mineral Resources, said that the Egyptian government prioritizes creating a stable, attractive investment climate in the oil and gas sector. He mentioned this during his chairmanship of the roundtable session titled 'Maximizing Egypt’s Natural Gas as a Value-Added Resource', which took place as part of the Gastech 2025 Exhibition and Conference in Milan.
On the sidelines of the Gastech 2025 conference, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, held an expanded meeting with a World Bank delegation led by Zubin Bamji, Director of the Bank’s Global Gas Flaring Reduction Partnership (GFMR). The talks reinforced the strategic partnership between Egypt and the World Bank (WB) in advancing the oil and gas sector and promoting sustainable energy solutions.
On the sidelines of the Gastech Exhibition and Conference 2025 in Milan, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings with the heads of major international energy companies. The discussions were part of Egypt's efforts to support its position as a regional energy hub and attract more foreign investment.
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cypriot Minister of Energy and Industry George Papanastasiou to look into accelerating the connection of Cypriot natural gas fields Cronos and Aphrodite to Egypt’s gas infrastructure by 2027. The meeting took place on the sidelines of the GASTECH 2025 conference and exhibition in Milan, Italy.
The Supreme Council of Energy held a meeting chaired by Mostafa Madbouly, the Prime Minister to discuss securing energy supplies from diverse sources to support the state's objectives across key productive and developmental sectors. The meeting also emphasized aligning with Egypt's sustainable development vision and attracting more domestic and foreign investments.
