development | Egypt Oil & Gas

Cyprus to Launch First European Gas Exports via Egypt in 2028

Cyprus plans to deliver its first natural gas exports to Europe -via Egypt- in 2028, Nikos Christodoulides, the Cypriot President, told a Cabinet meeting, adding that this step carries strategic importance for str ...

Egypt Strengthens Mining Sector with EBRD Partnership

Egyptian Mineral Resources and Mining Industries Authority (MRMIA) and the European Bank for Reconstruction and Development (EBRD) signed a memorandum of understanding (MoU) to modernize the nation's mining regula ...

ITFC, EGPC Sign $800Mn loan Agreement to Support Energy Sector

The Egyptian General Petroleum Corporation (EGPC) has signed $800 million loan agreement with the International Islamic Trade Finance Corporation (ITFC) to support the energy sector, noted a statement by the Minis ...

Badawi Reviews Future Plans for Egypt Upstream Gateway

Expanding investment opportunities across Egypt’s geological basins was the focus of the meeting that Karim Badawi, Minister of Petroleum and Mineral Resources, held with Egypt Upstream Gateway (EUG). Badawi in pa ...

Kuwait Expects Durra Field Bid Rounds to Launch this Year

Kuwait expects to launch tenders this year for the long-delayed development of the Durra oil and gas field, a major offshore project to be developed in cooperation with Saudi Arabia, Kuwait’s Oil Minister Tariq Al ...

Egypt Seeks World Bank Support to Boost Mining Sector

Karim Badawi, Minister of Petroleum and Mineral Resources, discussed with Robert Schlotterer, World Bank (WB) Group Metals and Minerals Practice Manager, possible cooperation with the bank's entities -like the Int ...

Badawi Reviews Rystad Energy Report Results and Egypt’s Strategy to Transform into a Regional Gas Hub

Minister of Petroleum and Mineral Resources, Karim Badawi, presented a strategic review to the Cabinet regarding a recent Rystad Energy report titled “Resetting Egypt’s Gas Sector: Debt Settlement, Drilling Recove ...

PETROJET Secures $1Bn Contract to Develop Algeria’s Hassi Bir Rekaiz oil Field

The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project entails the construc ...

bp, Eni Extend Baltim East Lease Offshore Nile Delta

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian Eni and UK bp to extend the development lease for the Baltim East field in Baltim area offshore the Nile Delta region. Under t ...

bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf

bp, one of the world's largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the comp ...

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