News / Egypt

GUPCO Promote Inclusion and Life Skills for People with Disabilities

The Gulf of Suez Petroleum Company (GUPCO) organized three events to include the people with disabilities at various regions .

These events were held under the patronage of the company’s chairman Abdul Wahab El-Maghawry as part of its commitment to the social responsibility and its care to boost social participation of disabilities.

Madbouly: Stimulus Measures to Save Egypt $1.5 Billion in Energy Costs

Prime Minister Mostafa Madbouly held the weekly press conference, following the Cabinet meeting, on January 8th, 2025. During the press conference, Madbouly talked about the energy file and energy security in the coming period.

Badawi: Incentive Measures to Reduce Annual Petroleum Import Bill by $1.5B

Minister of Petroleum and Mineral Resources, Karim Badawi, revealed that the announced incentive measures yielded positive results by the end of December 2024 by adding new petroleum products. This will contribute to saving an additional import bill cost of $1.5 billion annually, starting from January 2025.

Petroleum Minister Inspects Drilling Operations at North Marakia Offshore Block

Minister of Petroleum and Mineral Resources Karim Badawi held a tour visit to the rig vessel Valaris Ds-9 which is searching for natural gas in the North Marakia area in the West Mediterranean, and currently drilling the first exploratory gas well in the area in which ExxonMobil company is investing.

Prime Minister Praises MoPMR’s Proactive Response to Citizen Complaints

The Prime Minister Mostafa Madbouly expressed his appreciation to several government agencies and ministries including Ministry of Petroleum and Mineral Resources (MoPMR) which responding positively the complaints especially during the current challenges.

MoPMR Emergency Response Kicks into High Gear to Tackle Mostorod-Huckstep Pipeline Accident

The Ministry of Petroleum and Mineral Resources (MoPMR) confirmed that the cooling operations are currently being completed by the work teams of the petroleum geographic area in Mostorod for the part of the Mostorod-Huckstep butane pipeline that caught fire on January 7th in the Khanka city area.

Minister of Petroleum Announces Resumption of Zohr Development and Drilling Activities in 2025

In his speech before the Senate, Minister of Petroleum and Mineral Resources, Karim Badawi, announced resuming Zohr development activities as well as the start of drilling two development wells in January 2025.

ENI’s IEOC Advances Operations in Zohr and Nargis Fields, Highlights Sustainability Efforts

The Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of IEOC, ENI’s subsidiary in Egypt, where they discussed the latest developments of its operations in Egypt especially the ongoing preparations to resume drilling operations in the Zohr field and continue with the studies for Nargis field in the MediterraneanSea.

Badawi Reviews Petrojet Business Plan, Expansion Strategy

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting to discuss the strategy of Petrojet's operations during the next period and explore the means for local and international expansion.

Egypt and Côte d’Ivoire Strengthen Ties in Oil, Gas, and Mining Cooperation

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Albert G. Dole, Cote d’Ivoire Ambassador to Egypt, as they discussed means of bolstering mutual cooperation in oil, gas and mining fields.

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