investments | Egypt Oil & Gas - Part 3

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 ...

Egypt’s Natural Gas Production to increase by 2027: Madbouly

The government's regular monthly payment of accumulated arrears for foreign partners would encourage them to return to produce at the previous high output levels, boosting Egypt's natural gas supply by 2027, said ...

EUG Attracts Over $1.2Bn in Investments Since Launched: Gateway Project Manager

Mohamed Radwan, Ganoub El Wadi Petroleum Holding Company's (Ganope) Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway's (EUG) Project Manager at the Ministry of Petroleum, revealed that the g ...

Badawi, Shell Review Gas Investments in Egypt

Karim Badawi, the Minister of Petroleum and Mineral Resources, met with a high-level delegation from Shell Global to discuss the latest developments in the company's natural gas investments in Egypt, particularly ...

AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa

The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This ca ...

bp Inks Agreements for Business Growth in Azerbaijan

bp and its partners have signed a series of strategic agreements aimed at expanding their substantial oil and gas portfolio in Azerbaijan. The deals are set to drive future growth, boost production, and strengthen ...

Latest Oil, Gas Bid Round Attracts Market Interest, Results in August

Significant market demand was seen for the recently-closed bidding round for strategic exploration blocks spanning the Mediterranean Sea, Gulf of Suez, and Western Desert. Global and private-sector companies submi ...

QatarEnergy’s LNG Project in USA to Start Production by End of 2025

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its Nor ...

EGPC Board, Badawi Discuss Boosting Oil, Gas Investments

The Board Directors of the Egyptian General Petroleum Corporation (EGPC) convened under the Chairmanship of the Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting focused on increasing investme ...

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