Oil | Egypt Oil & Gas

Egypt Makes New Offshore Oil Discovery in Gulf of Suez

Ministry of Petroleum and Mineral Resources announced a new offshore oil discovery in the Gulf of Suez after drilling the NER-1X well. Production is expected to begin within days at about 3,000 bbl/d, using the ex ...

MoPMR Boasts Gradual Rise in Oil, Gas Production in FY 2024/25

"Egypt's Oil and Gas production is back on Track, with the sector succeeding in overcoming the decline witnessed in recent years to start a phase of gradual production increases," the Ministry of petroleum and Min ...

India to Continue Purchasing Russian Oil Regardless Trump’s Warnings

Two sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump's warnings to impose more penalties, Reuters reported.
The sources confi ...

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 ...

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