Romanian Investors Eye Egyptian Oil, Gas Sector
Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations.
Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations.
Minister of Petroleum and Mineral Resources Karim Badawi participated in a roundtable discussion organized by the US Chamber of Commerce in Washington coming in line with strengthening strategic relations between the two countries in the energy sector.
Minister of Petroleum and Mineral Resources Karim Badawi and Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir witnessed the initial signing of a contract to build, develop, use, manage, operate, exploit, maintain, and redeliver the superstructure of a marine and land liquid and gas bulk handling facility at Dekheila Port between the Alexandria Port Authority and Alexandria Supply Chain Company.
Minister of Petroleum and Mineral Resources Karim Badawi participated in the 10th Annual Powering Africa Summit in Washington with high-level attendance from ministers, officials, investors, and funding institutions.
On the sidelines of the 10th Annual Powering Africa Summit held in Washington, Minister of Petroleum and Mineral Resources Karim Badawi met with his American counterpart Chris Wright, US Secretary of Energy.
Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert.
The regular general assembly of Nile Petroleum Company was chaired by Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), and was held in the presence of leaders from the Ministry of Petroleum and Mineral Resources and heads of contributing companies to review the company’s performance for 2024.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils.
TAQA Arabia, Egypt's leading private sector energy group, announced exceptional financial results for the year 2024, demonstrating resilience and robust growth despite a complex operating environment. The company reported a 40.4% surge in revenues, reaching EGP 18.905 billion, while EBITDA increased by 34.6% to EGP 2,003.3 million, and net income rose by 26.7%.
Prime Minister Mostafa Madbouly convened a high-level meeting to review a proposed project for the production of green hydrogen and ammonia in the Gulf of Suez.