Outstanding arrears to International Oil Companies (IOCs) currently stand at $770 million, down from $6.1 billion in June 2024, and are scheduled to be fully repaid by June, according to Karim Badawi, Minister of ...
In a high‑level meeting with senior executives from oil and gas companies, Petroleum and Mineral Resources Minister Karim Badawi announced plans to deploy horizontal drilling and hydraulic fracturing techniques to ...
Egypt is undergoing a fundamental structural transformation in its petroleum and natural gas sectors. A recent Rystad Energy report, a leading independent energy research and business intelligence company headquar ...
Prime Minister Mostafa Madbouly held a meeting to review the availability of petroleum products' strategic reserves and payments to foreign partners in the petroleum sector. The meeting was attended by Hassan Abda ...
Minister of Petroleum and Mineral Resources, Karim Badawi, has met with Iman Hill, Country Manager of Vaalco Energy in Egypt, to discuss the US-based company’s plans for expanding its operations in Egypt and to u ...
Prime Minister Mostafa Madbouly held a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources; and Mahmoud Esmat, Minister of Electricity and Renewable Energy, to discuss several issues, including ...
Dana Gas Company announced that it has received about $20 million payment from the Egyptian Government. This amount takes the funds received in Egypt in Q4 2024 to $24.5 million.
Net foreign direct investment (FDI) in the oil sector rose by 135% in fiscal year (FY) 2016/2017, according to the Central Bank of Egypt (CBE).
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