Minister of Petroleum and Mineral Resources Karim Badawi met with the US Secretary of Energy Chris Wright and discussed ways to enhance cooperation in the energy sector.

The Ministry of Petroleum and Mineral Resources has offered new investment opportunities in seven undeveloped fields in the Mediterranean Sea and six exploratory areas in the Gulf of Suez and the Western Desert through the Egypt Exploration and Production Gateway (EUG).

Karim Badawi, Minister of Petroleum and Mineral Resources has reviewed US-based energy firm Apache Corporation’s plans to drill new wells in the Western Desert

Offshore Shukheir Oil Company’s (Osoco) general assembly meeting approved the proposed budget for the fiscal year (FY) 2025/2026

ExxonMobil is set to commence offshore gas drilling in the North Marakia concession in Egypt’s western Mediterranean on December 15th.

The Egyptian Natural Gas Holding Company (EGAS) is offering the development of the Salamat natural gas field to international oil companies after reclaiming the field from global energy giant bp last year.

bp is planning to expand its operations in Egypt, focusing on new oil and natural gas explorations across six concessions.

Minister of Petroleum and Mineral Resources Karim Badawi announced a significant achievement in the Ras Badran field.

Egypt’s Ministry of Petroleum has inked a memorandum of understanding (MoU) with UAE-based Dragon Oil to integrate advanced artificial intelligence (AI) in the management of oil reservoirs at the company’s concessions in the Gulf of Suez.

President Abdel Fattah El-Sisi has met with Italian energy giant Eni’s CEO Claudio Descalzi to review the company’s ongoing activities in Egypt in the fields of research and exploration.

The development and expansion of investments in the petroleum and mining sectors in Upper Egypt are of top priority on the Ministry of Petroleum and Mineral Resources’ agenda.

Minister of Petroleum and Mineral Resources Karim Badawi met with the Executive Vice President of Wintershall Dea for the Middle East and North Africa Sameh Sabry to discuss the firm's expansion plans in the Egyptian market.

Maridive & Oil Services has secured a one-year contract valued at $17.8 million to provide support for oil exploration and production in Egypt.

Apex International Energy has provided an operational and commercial update for the first half of 2024 from its eight concessions in Egypt's Western Desert.

North Petroleum International Company (NPIC), the Egyptian subsidiary of China’s Zhen Hua Oil, has pledged to invest $78 million to increase its production in Egypt’s Western Desert.

Chile-based Enap Sipetrol Company is considering acquiring new concessions in Egypt while maximizing oil and gas exploration operations, Minister of Petroleum and Mineral Resources Tarek El-Molla revealed.

Egypt is targeting scaling up its daily crude oil production by 9% in fiscal year (FY) 2024/2025 to 637,000 barrels from the current daily production of 580,000 barrels.

Minister of Petroleum and Mineral Resources Engineer Tarek El-Molla and CEO of ADES Holding Company Mohamed Farouk witnessed the signing of two agreements for exploration and production services in selected areas of brownfields in the Gulf of Suez.

The House of Representatives gave the final nod to three draft laws authorizing Minister of Petroleum and Mineral Resources Tarek El-Molla to sign oil exploration and development contracts with a number of firms.

The Egyptian cabinet has authorized Minister of Petroleum and Mineral to sign five petroleum commitment agreements for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of national and international companies.