Egypt | Egypt Oil & Gas - Part 19
PetroBakr Unveils $121 Million Investment Plan for 2026/27
Petrobakr and South Ghazalat Petroleum Companies plan a total investment of $121 million for the fiscal year (FY) 2026/27, targeting a daily crude oil output of 14,000 barrels, Khaled Mounir, Chairman of Petrobakr, to...
Western Desert Discoveries Add 34 mmcf/d of Gas and 5,200 bbl/d of Crude
Four petroleum sector companies have successfully made discoveries in the Western Desert, yielding a total estimated production of over 5,200 barrels per day (bbl/d) of crude oil and condensates, alongside approximate...
Italian Energy Players Eye Opportunities in the Egyptian Market
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Agostino Palese, the Italian Ambassador to Cairo, to discuss ways to enhance cooperation between the two countries in the oil and gas sector and to f...
ARCIUS Energy Unveils Five-Year Investment Program in Egypt
Karim Badawi, Minister of Petroleum and Mineral Resources, discussed with Naser Al Yafei, CEO of ARCIUS Energy, the joint venture between the UAE’s ADNOC Group and the UK’s bp, the company’s expansion plans in Egypt a...
Egypt, EU Sign €90 Mn Grant Deal to Upgrade Power Grid
Egypt and the European Union (EU) have signed a grant agreement worth €90 million that will be managed by the European Investment Bank (EIB) to enhance investments in the electricity grid in Egypt and develop renewabl...
Egypt, EU Talk Energy Transition during Egypt Sustainable Energy Outlook 2040 Conference
The European Union (EU) and the Egyptian Government co-hosted the “Egypt Sustainable Energy Outlook 2040” conference at Cairo’s Manial Palace. Under the theme “Cooperation for Shared Prosperity,̶...
Badawi Talks Mining Sector Potential at Mining Indaba 2026
Representing Egypt at the African Mining Indaba 2026, Karim Badawi, Minister of Petroleum and Mineral Resources, delivered a recorded speech at the Egypt Country Showcase. The Minister stated that Egypt views mining a...
Egypt Partners with Global Oil Majors to Double Production in Five Years
Minister of Petroleum and Mineral Resources Karim Badawi held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and EXPRO i...
