Petroleum Sector Signs 9 Protocols for CSR Projects
The Egyptian Natural Gas Holding Company (EGAS) hosted a ceremony to sign nine protocols for establishing social responsibility projects for ten of its affiliated companies.
News / Egypt
EGPC Board Reviews Strategies to Ramp Up Oil, Gas Output
The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held its meeting via video conference chaired by Minister of Petroleum and Mineral Resources Karim Badawi, who explained that the ministry is continuing work to attract investment partners to boost local oil and gas production.
Egypt Boosts Energy Sector with 61 New Investment Opportunities
Bidding closed for 13 exploration & production blocks, with investments set to double if new discoveries are made. Investments are expected to exceed $700 million.
Badawi Visits UAE to Boost Energy Relations, Strengthen Ties
Minister of Petroleum and Mineral Resources Karim Badawi visited the Emirate of Fujairah, accompanied by Accountant Nasser Shoman, the Undersecretary of the Ministry for the Transport and Distribution of Petroleum Products.
Petrobel Resumes Drilling at Zohr Field,  Petroshrouk Targets Producing 144,000 boe/d
During the general assembly meeting, the Chairman of Belayim Petroleum Company (Petrobel) Khaled Mowafy affirmed the resumption of drilling at the Zohr field after the arrival of the Saipem 10000 drilling rig in Egyptian waters. Regarding Petroshrouk, Mowafy explained that $320 million has been allocated for operations.
Key Partnerships at EGYPES 2025 Propel Egypt’s Energy Sector Towards Efficiency, Sustainability
During the third day of Egypt International Energy Conference and Exhibition (EGYPES 2025) Ministry of Petroleum and Mineral Resources signed a framework agreement with the UK-based Shard Capital to establish a petrochemical complex in New Alamein City.
Kouchouk Stresses Increasing Investments in Egyptian Energy Sector at EGYPES 2025
As part of Egypt Energy Show Conference and Exhibition (EGYPES 2025), the Minister of Finance, Ahmed Kouchouk stressed that the government is working on increasing the investments in the Egyptian energy sector, within the framework of an integrated and consistent vision to support the competitiveness of the Egyptian economy.
Agiba Petroleum Plans to Produce 24,000 bbl/d During FY 2025/26
Agiba Petroleum Company Chairman Tharwat El Gendy stated that the proposed budget of his company for the fiscal year (FY) 2025/26 amounted to $641.3 million with a plan to produce 24,000 barrels of oil per day (bbl/d) and 64 million standard cubic feet per day (mmscf/d) of natural gas.
SEKEM Partners with Ministry of Petroleum, Eni to Advance Organic Agriculture in Egypt
SEKEM, a leading Egyptian social enterprise dedicated to regenerative development, has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources, Matrouh Governorate, Egyptian General Petroleum Corporation (EGPC) and IEOC Production B.V., representing Eni, to implement the Towards Organic Agriculture project.
GUPCO Aims to Produce Up to 70,000 bbl/d in FY 2025/26
Abdul Wahab El-Maghawry, the Chairman and Managing Director of the Gulf of Suez Petroleum Company (GUPCO) announced that the company targets to increase the production rate up to 70,000 barrels per day (bbl/d) within the frame of the investment budget worth $585 million during the fiscal year 2025/26.
