Egypt | Egypt Oil & Gas - Part 9

Egypt Zeroes out IOC Arrears

Today, June 10, Egypt fully settled its arrears to foreign oil and gas partners, a milestone aimed at restoring investor confidence, stimulating new investment, and accelerating exploration and research activity, Kari...

Badawi Appoints Mervat Abou El‑Maaty Mining Marketing General Manager at MRMIA

Karim Badawi, Minister of Petroleum and Mineral Resources, issued a decision appointing Mervat Abou El‑Maaty as General Manager of the General Department for Mining Marketing and Promotion at the Egyptian Mineral Reso...

Badawi Highlights Egypt’s Hub Role at EMGF2026

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Michael Damianos, Cyprus’s Minister of Energy, Commerce and Industry, to review progress on plans to connect Cypriot gas fields to Egypt on the sidel...

UAE Alcazar to Manage Gabal El-Zeit Windfarm in $420 Mn deal

In one of Egypt’s long‑anticipated privatization deals, UAE‑based Alcazar Energy signed a $420 million agreement with the government to operate, manage, maintain, and upgrade the 580‑megawatt Jabal El‑Zeit wind farm o...

Sinai Offshore Fields Post Highest Daily Production Since 2017

Crude oil production from the Sinai Offshore Fields has reached its highest daily level since 2017, with output averaging around 27,000 barrels per day (bbl/d), a milestone that underscores the effectiveness of ongoin...

Badawi, Global Mining Executives Discuss Gold Investment Opportunities

Karim Badawi, Minister of Petroleum and Mineral Resources, met senior executives from leading international mining companies to explore new investment opportunities in gold exploration. The talks come as Egypt advance...

Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households

The Egyptian Cabinet approved a draft law that cancelled the exemption of natural gas from the value-added tax (VAT), making it subject to a table tax of EGP 20 per 1,000 cubic feet (cf). This comes as part of a wider...

Egypt’s US LNG Imports Halve in May

Egypt’s liquefied natural gas (LNG) imports from the US declined to approximately 300,000 metric tons (mt) in May, nearly half its typical monthly intake of around 600,000 mt, Reuters reported, citing maintenanc...

Badawi Pushes for Regional Integration at D-8 Organization Meeting

Karim Badawi, Minister of Petroleum and Mineral Resources, participated in the first meeting of the Developing Eight (D‑8) Organization for Economic Cooperation, which includes Egypt, Türkiye, Indonesia, Iran, Malaysi...

Egypt Strengthens Energy Ties at Baku Energy Week

Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, represented the country at the opening of Baku Energy Week, held in Azerbaijan’s capital from 1–3 June. The event was inaugurated by President Ilham A...

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