production | 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 ...

Misr Phosphate Marks Fifth Year of Production Growth

Misr Phosphate Company’s output reached 4.02 million tons, marking growth for the fifth consecutive year, outgoing chairman and managing director Mohamed Abdel‑Azim said in a Ministry of Petroleum and Mineral Reso ...

Venezuela’s Oil Exports Reach Highest Level in Over Seven Years in April

Venezuela’s crude oil exports rose by 14% month-on-month to around 1.23 million barrels per day (mmbbl/d) in April, marking the highest level recorded in more than seven years, according to shipping data and docum ...

TAG Oil Extends BED‑1 Deal to 2028

The combined production from TAG Oil’s BED4-T100 horizontal well and BED 1-7 vertical well at the Badr Oil Field (BED-1) in Egypt’s Western Desert averaged approximately 80 barrels of oil per day (bbl/d) during th ...

MOPCO Surpasses Urea and Ammonia Production Targets in 2025

Misr Fertilisers Production Company (MOPCO) reported urea production of 1.7 million tonnes in fiscal year 2025, achieving 102% of its investment plan, while ammonia output reached 1.1 million tonnes, also 102% of ...

OPEC+ Eight Agree 206,000 bpd Output Increase as Gradual Unwind of Cuts Continues

Eight members of the OPEC+ alliance have agreed to increase oil production by 206,000 barrels per day (bbl/d) starting in May 2026, as part of a gradual plan to ease earlier supply cuts and support market stabilit ...

Egypt Brings 4 New Wells Online with Total Output of 120 mmscf/d

Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) has successfully brought four new natural gas wells onstream, with a combined production capacity of around 120 million standard cubic feet per day (mmsc ...

IEA to Release Over 400 mmbbl from Emergency Reserves to Stabilize Oil Markets

The International Energy Agency (IEA) said more than 400 million barrels (mmbbl) of oil from emergency reserves will start entering global markets soon as part of a coordinated effort to ease a surge in crude pric ...

G7, IEA Urge Coordinated Release of Oil Reserves Amid Rising Prices

The International Energy Agency (IEA) has urged countries to coordinate a release of emergency oil reserves during an online meeting with finance ministers from the Group of Seven (G7), according to Japan’s Financ ...

Kuwait declares force majeure as Strait of Hormuz disruptions persist

Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran en ...

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