News / Egypt

GASTEC Natural Gas Sales for Vehicles Jump 107% in 2024

GASTEC had a significant increase in natural gas sales for vehicles achieved during the year, with a growth rate of 107% compared to the previous year, and the conversion of more than 20,000 vehicles to run on natural gas. This came during the General Assembly meeting of GASTEC to discuss and approve the company's performance results for the year 2024. The meeting was held in presence of Minister of Petroleum and Mineral Resources, Karim Badawi.

Badawi Issues Promotions, Transfers Across Oil, Gas Sector

Within the framework of the Ministry of Petroleum and Mineral Resources' keenness to support work sites with qualified competencies to implement its strategic pillars and objectives, and its continuous endeavor to inject new blood into leadership positions in the sector and maximize the utilization of human capital to achieve more positive results, Minister of Petroleum and Mineral Resources, Karim Badawi, has issued a new round of transfers and assignments, encompassing a number of leaders in production and administrative sites.

MoPMR Organizes Workshop on Energy Efficiency with Siemens Energy

The Ministry of Petroleum and Mineral Resources (MoPMR) organized a workshop in cooperation with Siemens to exchange the expertise and best practices in the field of energy efficiency and emissions reduction.

EPSCO Achieves Zero Work Injuries, Conducts 22 Safety Awareness Sessions in 2024

Minister of Petroleum and Mineral Resources Karim Badawi emphasized that workforce development is pivotal to the petroleum sector’s success and urged continued prioritization of occupational health and safety in the sector.

Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector

The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement.

Egypt’s Extraction Activities Drop 9.2% in Q2 2024/25 with Strong Investments Promising to Boost Performance

The positive impact of investments in new discoveries and in the development of production fields is expected to appear during the upcoming period.

Badawi Reviews Enppi’s Robust 2024 Performance

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year.

EPROM’s 2024 Net Profits Reached EGP 1.096B

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance.

PMS Achieves $262.7M in Revenues While Strengthening Regional Cooperation

PMS (Petroleum Marine Services) showcased remarkable achievements in 2024, including a record $262.7 million in revenue driven by its strategic focus on deep-water projects, regional cooperation, and operational efficiency. The company played a pivotal role in Egypt’s oil and gas sector by providing integrated marine services that adhere to international standards. Key highlights include the successful implementation of major offshore projects, expansion into new markets like Saudi Arabia and the UAE, and adopting cutting-edge digital technologies such as Digital Twins and real-time monitoring.

MIDOR Achieves 63% Net Profit Surge in 2024, Boosting Production

The Chairman and CEO of MIDOR, Amr Lotfy, reported a 63% increase in net profit after tax, amounting to $129 million in 2024. This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the company’s fiscal year results in 2024.

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