investments | Egypt Oil & Gas - Part 3

Bapetco Production Exceeds 67,000 boe/d, Pumps $295M in Investments During FY 2023/24

Ashraf Abdel Gawad, the Chairman of Badr El Din Petroleum Company (Bapetco) revealed that the production rates reached 67,000 barrels of oil equivalent per day (boe/d), amounting to 217 million cubic feet (mmcf)of ...

Vista Energy to Invest $1B for Developing Argentina Shales

Vista Energy has announced that it will pump $1.1 billion to develop the massive shale deposit in Argentina, the company’s CEO Miguel Galuccio told Reuters.

EGAS Launches 2024 International Bid Round for 12 New Oil and Gas Blocks in Egypt

The Ministry of Petroleum and Mineral Resources announced that the Egyptian Natural Gas Holding Company (EGAS) has launched a new international 2024 bid round for the exploration and exploitation of natural gas an ...

Badawi Outlines Plans for Increased Oil and Gas Output

Minister of Petroleum and Mineral Resources Karim Badawi has stated that the coming period will witness the application of procedures to increase the oil and gas production in addition to refining petroleum produc ...

Madbouly Reviews Oil, Gas Investment Opportunities with Petroleum, Finance Ministers

Prime Minister Mostafa Madbouly has held a meeting with the Minister of Petroleum and Mineral Resources Karim Badawi in the presence of Minister of Finance Ahmed Kouchouk.

Maridive Lands $17.8 Million Contract for Q3 2024 Petroleum Projects in Egypt

Maridive Company announced that it has been awarded a year contract for supporting petroleum exploration and production operations in Egypt with total investments of $17.8 million.

Petroleum Minister Backs Petronas and Shell’s Joint Efforts in West Delta Gas Field Development

Minister of Petroleum and Mineral Resources Karim Badawi has met with the Hany Esmat, the CEO and Country Head of Operation at Petronas Egypt where they discussed the joint projects and investment for developing n ...

Apache Reveals Strategy to Boost Natural Gas Production for Coming Period

Minister of Petroleum and Mineral Resources Karim Badawi has met with Apache’s CEO Greg McDaniel to discuss the company’s activities and business plan for increasing natural gas production from its concession area ...

Egypt Launches the National Low-Carbon Hydrogen Strategy

The Egyptian Government announced the launch of the national low carbon hydrogen strategy in the frame of the Egyptian efforts for the transition to low carbon economy and dedication of environmental sustainabili ...

Egyptian Oil Companies Encouraged to Deepen Involvement in Iraq

The Iraqi Ambassador to Egypt Qahtan Taha Khalaf has stated that the time is ripe for Egyptian oil companies to boost their role in Iraq, given their valuable experience in executing significant projects. 

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