Oil | Egypt Oil & Gas

Oil Prices Surge, LNG Supplies at Risk if Strait of Hormuz Closes: IEA Report

The International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in ...

US Firm Sun Africa Seeks Energy, Mining Cooperation with Egypt

As part of efforts to enhance cooperation between Egypt and the US in the Energy Sector, Karim Badawi, Minister of Petroleum and Mineral Resources, met with Adam Cortese, CEO of Sun Africa, and his accompanying de ...

Khalda Petroleum Company Makes 3 Oil, Gas Discoveries

Khalda Petroleum Company (Apache) has successfully achieved three new oil and natural gas discoveries in its concession areas in the Western Desert. These discoveries are set to add approximately 12 million barrel ...

MOL Makes New Oil Discovery in the Western Hungry

MOL announced discovering a new oil field near Somogysámson in Western Hungary.

Egypt Boosts Oil, Gas Production to 1.4 mmboe/d

Prime Minister Mostafa Madbouly held a meeting with Minister of Petroleum and Mineral Resources Karim Badawi to discuss and follow up on a number of the ministry’s work files.

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.

Egypt, Copelouzos Group Explore Potential Oil, Gas Cooperation

Minister of Petroleum and Mineral Resources Karim Badawi has met with Dimitrios Copelouzos, Chairman of the Greek Copelouzos Group, and Ioannis Karydas, CEO of the Group for Renewable Energy, Energy Storage and In ...

Prime Minister Madbouly Reports Progress on Settling Foreign Company Arrears

In a recent press conference, Prime Minister Mostafa Madbouly stated that between 20% to 25% of the value of arrears due to foreign companies have already been paid, depending on each company’s arrears.

Cabinet Approves 5 Oil, Gas Draft Agreements

During its first meeting, the Egyptian Cabinet approved, in principle, five projects for petroleum commitment agreements for the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporat ...

Egypt Highlights Africa’s Energy Potential at WEIF 2024 in Bahrain

President of the General Federation of Egyptian Chambers of Commerce Ahmed El Wakil has stated that it is time for the African nations to focus on our intra-trade and joint investments, especially with its oil and ...

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