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, ...
IOCs | Egypt Oil & Gas
ExxonMobil Eyes Expanded Lubricants and Synthetic Greases Investments in Egypt
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Dan Moore, Global Vice President of Lubricants at ExxonMobil, to discuss means of strengthening cooperation with the US oil and gas giant in the ...
Rystad: Egypt’s Energy Model Becomes Regional Blueprint
Egypt is undergoing a fundamental structural transformation in its petroleum and natural gas sectors. A recent Rystad Energy report, a leading independent energy research and business intelligence company headquar ...
Badawi Accelerates E&P Projects, Strengthens IOC Ties at ADIPEC 2025
Karim Badawi, Minister of Petroleum and Mineral Resources met with SLB, bp, Halliburton, and Baker Hughes CEOs at ADIPEC to advance key projects. Discussions focused on the East Med seismic survey, accelerating Ra ...
Badawi Meets with IOCs on Egypt’s Energy Strategy
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. The meeting was a part of a series ...
Petroleum Ministry Postpones Closing Date of 2021 E&P Bid Round
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the postpone of the closing date of the first bid round in 2021 for petroleum exploration and production to the end of September 2021 acco ...
ADNOC Launches Initiative to Level Up Tendering Process
The Abu Dhabi National Oil Company (ADNOC) has implemented an initiative to drive efficiencies in its tendering process to improve its approach to procurement and maximize value for ADNOC and its community of supp ...
Consortium of Total, Eni, Novatech Continues Oil Activities in Lebanon
The Caretaker Minister of Energy and Water, Raymond Ghajar, stated that the consortium made up of Total, Eni and Novatech Companies, is continuing its oil activities in Lebanon under the leadership of the operatin ...
El Molla Signs 9 New Oil and Gas Agreements Worth More than $1B
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed 9 new agreements worth more than $1 billion for drilling 17 new exploration wells to search for petroleum and natural gas in Mediterranea ...
Petroleum Investments Surpass EGP 1.2 T in 6 Years
The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.
