energy sector | Egypt Oil & Gas

PM Reviews Financial Allocations for Egypt’s Petroleum Supply

Prime Minister Mostafa Madbouly met with Ahmed Kouchouk, Minister of Finance, and Karim Badawi, Minister of Petroleum and Mineral Resources, to review the status of financial allocations required to secure the cou ...

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 at AmCham: Egypt Clears Energy Debt, Unlocks Investment

The Ministry of Petroleum and Mineral Resources (MoPMR) has successfully reduced investment partner arrears from $6.1 billion in June 2024 to approximately $1.3 billion, with a target to fully settle all outstandi ...

Egypt, Syria Ink MoUs for Gas, Petroelum Cooperation

The Ministry of Petroleum and Mineral Resources (MoPMR) has signed two Memoranda of Understanding (MoUs) with the Syrian Ministry of Energy to supply Syria with natural gas, petroleum products, and technical exper ...

Egypt, Australia Boost Investment Cooperation in Mining, Energy Sectors

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining secto ...

Peru Targets Saudi, American, Ecuadorian Investments to Revive Energy Sector

Peru's Energy and Mines Minister, Jorge Luis Montero, anticipates signing a memorandum of understanding (MoU) with Saudi Arabia in November to collaborate on lithium and other critical mineral projects. The minist ...

Egypt, UAE Deepen Ties in Energy Sector in Series of Meetings, Sign MoUs

During his visit to the UAE, Karim Badawi, the Minister of Petroleum and Mineral Resources, met with his counterpart and the Chair of the International Affairs Office at the Presidential Court to discuss deepening ...

Aramco Signs $90bn in Agreements with US Companies During Trump Gulf Tour  

Aramco, the Saudi oil giant, signed 34 Memoranda of Understanding (MoUs) and agreements totalling $90 billion with major US companies on the fringe of  US President Trump's tour in which Saudi Arabia was the first ...

Eni to Invest €8B in Egypt, Boosting Energy Supply to Europe

Eni CEO Claudio Descalzi unveiled plans to invest about €8 billion in Egypt over the next four years, boosting energy production and supply in the region, as part of a broader €24 billion ($26.24 billion) investme ...

Fouad Stresses Proactive Strategies for Sustainable Growth in Egypt’s Energy Sector

At a roundtable discussion titled “The Impact of Energy Prices on the Egyptian Economy,” hosted by the ElAdl Party on December 28th, Mohamed Fouad, CEO of Egypt Oil & Gas and Secretary General of the Egyptian Gas ...

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