Oil | Egypt Oil & Gas - Part 4

MOL Makes New Oil Discovery in the Western Hungry

MOL announced discovering a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the wel...

Egypt Boosts Oil, Gas Production to 1.4 mmboe/d

Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Karim Badawi to discuss and review key updates on the ministry’s projects and initiatives. During the meeting, Minister Badawi...

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 and Minister of Finance Ahmed Kouchouk. In the meeting, Madbouly reviewed the investment opportuniti...

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 Interc...

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. Madbouly noted...

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 Corporation ...

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 gas...

Egypt, Italy Deepen Energy, Mining Ties

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Adolfo Urso, Minister of Enterprises and Made in Italy, who is currently visiting Cairo at the head of a large delegation of leaders of Italian i...

Prime Minister, Petroleum Minister Discuss Petroleum Needs Ahead of Eid al-Fitr

Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Tarek El Molla to discuss issues concerning the local market as well as the status of providing petroleum needs, especially before E...

Egypt, Ecuador Explore Joint Cooperation in Oil, Natural Gas

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Denys Toscano Amores, the Ecuadorian Ambassador to Cairo. The meeting reviewed ways of cooperation between the two countries in all fields of the...

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