Egypt Drives Foreign Investment in Oil, Gas with Profit-Sharing System

• Thursday, 22nd May 2025
• by Doaa Ashraf

The Cabinet, chaired by Prime Minister Mostafa Madbouly, approved Wednesday the use of the R-Factor (Profitability Factor) in certain petroleum agreements based on specific standards and conditions for each region. Th...

Badawi, Chevron Explore Accelerating Oil, Gas Production

• Wednesday, 6th November 2024
• by Doaa Ashraf

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Clay Neff, President of Chevron International Exploration and Production as they discussed the work progress of the company’s concessi...

Petrobel Streamlines Two New Wells in the Mediterranean

• Tuesday, 21st April 2020
• by Editorial Team

Belayim Petroleum Company (Petrobel) announced streamlining two new natural gas wells in the Mediterranean region with an average production of 390 million cubic feet per day (mmcf/d)  and 1,300 barrels of condensate ...