MoPMR Resolves 3,300 Complaints in January 2025
The Ministry of Petroleum and Mineral Resources (MoPMR) has made great strides in resolving citizen complaints and delivering excellent levels of customer service.
News / Egypt
Banking Consortium to Finance Part of Cheiron’s Investment Cost at West Burullus
A banking alliance led by Banque du Caire, in partnership with Arab International Bank (AIB), Al Baraka Bank Egypt, and SAIBANK, has successfully arranged and covered syndicated financing of $75 million for Cheiron Egypt Delta Limited, a subsidiary of the Cheiron Group specializing in oil and gas extraction.
Eni Highlights Exploration Successes, Sustainable Practices During Madbouly’s Zohr Field Visit
During his visit to the Zohr natural gas field site north of Port Said, Prime Minister Mostafa Madbouly inspected the "Saipem 10000" drilling rig, accompanied by Minister of Petroleum and Mineral Resources Karim Badawi. Madbouly and Badawi were welcomed by Francesco Gasparri, the General Manager of Eni, and Martina Opizzi, Head of Eni's North Africa and Levant Region.
United Energy (MENA) Limited & Apex International Energy L.P. Sign Sale and Purchase Agreement
United Energy Group Limited (UEG) and Apex International Energy L.P. (Apex) are thrilled to announce the signing of a sale and purchase agreement under which Apex’s upstream oil and gas exploration and production operations in Egypt will be acquired by United Energy (MENA) Limited as the buyer, with Kuwait Energy Plc as the guarantor. Both the buyer and the guarantor are wholly-owned subsidiaries of Hong Kong-based UEG. Under the terms of the agreement, United Energy (MENA) Limited has conditionally agreed to acquire the entire issued share capital of Apex International Energy Holdings I, the company which holds Apex’s Egyptian business.
EOG Committee’s Executive Board Reviews Strategic Plans for 2025 to Support the Industry
In a bid to explore challenges and production solutions in the oil and gas sector, the Egypt Oil & Gas (EOG) Committee's Task Force leaders gathered on Tuesday, February 4 to review the latest achievements in the sector and set strategic plans for 2025.
Badawi, AngloGold Ashanti CEO Hold Talks to Review Current Mining Agreement
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Alberto Calderon, CEO of AngloGold Ashanti reviewing the latest developments of the exploitation agreement the two parties had previously agreed upon, on the sidelines of their participation in the BEBA delegation.
Barrick Gold Looks Forward to Acquiring New Mining Concessions in Egypt
Mark Bristow, the President of Barrick Gold Investments, praised the efforts to develop Egypt’s mining sector, highlighting the company's interest in acquiring new concession areas in Egypt and expanding its assets.
Cabinet Approves 5 Draft Petroleum Agreements
The Cabinet approved five draft petroleum commitment agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the South Valley Egyptian Petroleum Holding Company (Ganope), and a number of international companies.
bp Achieves New Discovery at King Mariout
Prime Minister Mostafa Madbouly announced a new discovery in the King Mariout area in the northern Mediterranean made by bp.
Initiatives to Support Natural Gas as Car Fuel to be Launched Soon: Kouchouk
Minister of Finance Ahmed Kouchouk stated that the Ministry of Finance is committed to supporting local and foreign businesses in expanding green project financing to drive sustainable growth.
