The Egyptian Parliament approved on July 22 four oil and natural gas exploration and production agreements. The concessions include an onshore project in North Sinai involving Perenco, an UK-French independent oil ...
Prime Minister Mostafa Madbouly announced that Egypt is proactively strengthening energy security by increasing strategic reserves of petroleum products and other essential commodities, following directives from P ...
North Bahariya Petroleum Company (NORPETCO) has completed its first development well under its fiscal year (FY) 2026/2027 drilling program, reaching the target depth four days ahead of schedule and saving an estim ...
Several international energy companies, including Chevron, ConocoPhillips, and bP, signed non-binding agreements and memorandums of understanding (MoU) with Iraq worth more than $60 billion to advance oil and gas ...
The Ministry of Petroleum and Mineral Resources (MoPMR) plans to offer 62 investment opportunities through the Egypt Upstream Gateway (EUG). Karim Badawi, Minister of Petroleum and Mineral Resources, announced the ...
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice Preside ...
The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate since the first quarter of FY2023/2024, said Ahmed Rostom, Minister of Pla ...
Canadian explorer TAG Oil is set to commence drilling operations at the T-200 well in the BED-1 field, located in Egypt's Western Desert, following the mobilization of the NDC-9 drilling rig later this month.
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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 ...
Egypt expects to fully settle its outstanding dues to foreign oil and gas partners by June 10, 2026, thereby accelerating the initial June 30 deadline, according to Karim Badawi, Minister of Petroleum and Mineral ...
