Karim Badawi, Minister of Petroleum and Mineral Resources, accompanied by sector leaders, conducted an field visit to the refineries at Suez Oil Processing Company (SOPC) and Nasr Petroleum Company to follow up on the implementation of new projects that aim to increase the production of high-value petroleum products, and enhance safety and environmental protection systems.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Vineet Mehra, CEO of International Resources Holding Company (IRH) Global Trading to discuss collaboration in financing and mining.
Karim Badawi, Minister of Petroleum and Mineral Resources has appointed Abeer El-Sherbiny Acting Head of the Ministry’s Technical Office, as the Official Spokesperson for the Ministry.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Arthur Regan, CEO of Energos Infrastructure Management LLC, a US-based company involved in deploying Floating Storage and Regasification Units (FSRU) to review ongoing cooperation in the field of developing infrastructure for imported liquefied natural gas (LNG) through FSRUs that are currently operational.
During the meeting, Badawi stressed that Egypt has successfully established a robust LNG import infrastructure with a capacity of up to 2.25 billion cubic feet per day (bcf/d) in record time.
Mahmoud Esmat, Minister of Electricity and Renewable Energy chaired on Thursday the 23rd meeting of the Supreme Council of Energy with ministers to discuss providing the necessary infrastructure and energy for a number of energy-intensive industrial activities, as well as supporting national and investment projects. The Council reviewed requests from ministries, authorities, and companies to secure electricity and natural as for some some projects including 14 new industrial projects and existing facilities to boost capacity for their expanded production lines.
The government's regular monthly payment of accumulated arrears for foreign partners would encourage them to return to produce at the previous high output levels, boosting Egypt's natural gas supply by 2027, said Prime Minister Moustafa Madbouly, during the cabinet's weekly meeting on Wednesday.
The increased production capacity of the Zohr field is another factor Madbouly cited for the expected recovery in production level.
Egypt's production volume had been low, dropping from more than 6.6 billion cubic feet per day (bcf/d) to 4.1 bcf/d over the last two to three years, said the Prime Minister.
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), paid a surprise visit to the National Gas Network Control Centre (NATA) at the headquarters of the Egyptian Natural Gas Company (GASCO) on Wednesday to inspect the network’s operational readiness and contingency plans for handling potential surges in consumption during peak power demand months. Badawi listened to a detailed briefing from Yasser Salah El-Din, Chairman of GASCO, on the network’s operational preparedness.
The National Drilling Company (NDC), an Egyptian oil and gas services provider, has recorded a rise in net profits to $3.699 million during the first half (H1) of 2025, from $3.185 million the same period last year, according to the Egyptian Exchange. Furthermore, the company's operating revenues rose to $12.098 million in H1 2025, compared to $9.294 million H1 of 2024.
North Bahariya Petroleum Company (NORPETCO) has commenced crude oil production from the Ferdous-23 well, drilled 13 new wells exceeding its annual target, and added 1.5 million barrels of proven reserves. The statement was made during the company's General Assembly, headed by Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), to approve its work results for the fiscal year (FY) 2024/2025.
Mohamed Radwan, Ganoub El Wadi Petroleum Holding Company's (Ganope) Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway's (EUG) Project Manager at the Ministry of Petroleum, revealed that the gateway, now comprising 47 member companies, has attracted investments worth over $1.2 billion for the purpose of drilling 127 wells in 51 areas since its launch in February 2021. The figures were mentioned in his review of the gateway's achievements, in partnership with the international company Schlumberger, in a meeting with MoMPR Minister Karim Badawi. He also reviewed the team's efforts in supporting investors' decisions
