EGPC | Egypt Oil & Gas - Part 4

EGPC | Egypt Oil & Gas - Part 4

Agiba Petroleum’s New Discovery Adds 330 bcf of Gas, Largest in 15 Years

Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and the Italian energy major, Eni, has made a significant new hydrocarbon discovery in the Western Desert, describ ...

Capricorn, Cheiron to invest $208Mn in Consolidated Badr El Din Concession

The Egyptian General Petroleum Corporation (EGPC),  Cheiron Petroleum Corporation, and  Capricorn Energy PLC.signed on May 19 a new deal to pump at least $208 million in the consolidated Badr El Din concession in ...

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 ...

EGPC Launches Internal Carbon‑Tracking Platform for Oil & Gas Sector

The Egyptian General Petroleum Corporation (EGPC) has launched a digital platform to monitor the sector's carbon footprint, underscoring its commitment to digital transformation and environmental sustainability. T ...

Egypt, bp, Harbour Sign Deal to Boost Mediterranean Output

The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both  British Petroleum (bp) and Harbour Energy to establish the ex ...

Egypt to Import Crude Oil from Algeria to Enhance Energy Security

The Egyptian General Petroleum Corporation (EGPC) and Algeria's state-owned energy giant, Sonatrach, signed a Memorandum of Understanding (MoU) to establish an institutional framework for Egypt’s purchasing Algeri ...

Bapetco Drills 15 Wells in H1 of FY2025/26, Plans Two More in May

Badr El-Din Petroleum Company (Bapetco) drilled 15 new wells using nine rigs in the first half (H1) of Fiscal Year (FY) 2025/2026. This resulted in production of an average of 49,000 barrels of oil equivalent per ...

Badawi Outlines Five-Year Infrastructure Plan to Reduce Imports

Karim Badawi, Minister of Petroleum and Mineral Resources, confirmed that the petroleum sector is executing an ambitious five-year plan to increase production by upgrading and expanding existing infrastructure, ac ...

EGPC Targets Production Leap, Energy Security

The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held a meeting to review measures for accelerating production and securing domestic energy supplies. During the meeting, conducted via Vi ...

Cabinet Approves two Concession Agreements for Oil and Gas Exploration

The Egyptian Cabinet approved a draft concession agreement for the exploration and exploitation of natural gas and crude oil in the Lotus offshore area in the Mediterranean Sea between the Egyptian government, the ...

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