investments | Egypt Oil & Gas

Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment

Eni and PEEni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the ...

Badawi Meets Eni, Chevron Leaders to Advance Gas Exploration at ADIPEC 2025

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Claudio Descalzi, CEO of Eni, during his participation in the ADIPEC Exhibition and Conference 2025 in Abu Dhabi to accelerate the company’s expl ...

Egypt, AFC Discuss Deepening Cooperation in Petroleum, Mining Sectors

Karim Badawi, Minister of Petroleum and Mineral Resources met with a delegation from the Africa Finance Corporation (AFC) to explore means to strengthen cooperation opportunities in the mining sector and the petro ...

Badawi Promotes oil and Gas investment opportunities at 2 London Events

On the sidelines of his participation in the World Energies Summit and the London Energy Forum in the UK ,Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of bilateral meetings with several ...

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 ...

Eni to Invest $8 Bn in Egypt’s Oil, Gas Sector Over Five Years

Eni plans to inject a total of $8 billion into the Egyptian market over the next five years, in cooperation with its partners, according to Guido Brusco, Eni Chief Operating Officer Global Natural Resources. The i ...

Global Oil Production Decline Rate Speeds Up: IEA

The global average decline rate of oil and gas fields' production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energ ...

Badawi Highlights Egypt’s Mining Opportunities at ADU Conference

Minister of Petroleum and Mineral Resources Karim Badawi took part in the opening of the Africa Down Under (ADU) Mining and Energy Conference in Perth, Australia. Running from 3 to 5 September, the event is the le ...

GUPCO Invests $452M in FY 2024/25

Gulf of Suez Petroleum Company (GUPCO) invested $452m in FY 2024/25, maintained production level at around 57,000 barrels per day (bbl/d) and completed the first phase of the North Safa field, Abdul Wahab El-Magha ...

A New Agiba Western Desert Exploration Well to Add 3,100 (boe)

The exploration activities in the North Lotus Deep-1 well in Western Desert yielded positive results and it will add about 1,835 barrels of crude oil per day (b/d) and 7 million cubic feet of natural gas daily (mc ...

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