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EMRA, AngloGold Ashanti sign agreement to tap gold in Egypt's Eastern Desert

The Egyptian Mineral Resources Authority (EMRA) and AngloGold Ashanti penned a model agreement to exploit gold ore and associated minerals in certain areas of Egypt’s Eastern Desert.

Updated 4/22/2025 7:40:00 AM
Eni allocates $360M to drill two new wells in Egypt’s Zohr field

Eni plans to drill two new gas wells in Egypt’s Zohr field next year, with an estimated investment of $360 million.

Updated 4/15/2025 8:14:00 AM
Egypt Raise Butane Cylinder Prices

Updated 4/14/2025 12:05:00 PM
Egypt raises fuel prices

Egypt increases prices of all fuel types and butane gas starting Friday, April 11th, 2025.

Updated 4/11/2025 8:39:00 AM
Egypt, Algeria mull fostering cooperation in mining sector

Minister of Petroleum and Mineral Resources Karim Badawi and Algeria’s Minister of Energy Mohamed Arkab discussed ways to enhance cooperation in the mining sector

Updated 4/9/2025 10:09:00 AM
Badawi Participates in OMC Med Energy Conference 2025 in Italy

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi took part in the 17th edition of the OMC Med Energy Conference and Exhibition, held from April 8th to 10th, 2025, in Ravenna, Italy.

Updated 4/9/2025 9:56:00 AM
Badawi, TotalEnergies discuss production expansion in Bashrush concession

Minister of Petroleum and Mineral Resources Karim Badawi met with a TotalEnergies delegation to explore ways to improve and increase production rates in the Bashrush concession area.

Updated 4/9/2025 9:53:00 AM
Badawi reviews Eni’s expansion plans, drilling program in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi and Eni’s CEO Claudio Descalzi discussed the company's expansion plans in Egypt and the 2025 drilling program

Updated 4/9/2025 9:32:00 AM
Energean continues Egypt investment plans despite Carlyle deal collapse

Energean is still committed to investing in Egypt after the collapse of its deal with Carlyle, CEO Matheos Rigas told Asharq Business, citing regulatory hurdles as the main reason behind the deal termination.

Updated 4/8/2025 7:42:00 AM
Eni plans over €24B in investments across Egypt, Libya, Algeria

Eni plans to invest more than €24 billion in North Africa over the next four years, with over €8 billion allocated to Egypt, another €8 billion to Libya, and a similar amount to Algeria.

Updated 4/8/2025 2:36:00 AM
Enppi expands regional reach with 10 major projects outside Egypt in 2024

Enppi implemented major projects in 2024, 10 of which were outside of Egypt in Saudi Arabia, the UAE, and Jordan

Updated 3/27/2025 12:27:00 PM
Rashpetco, Burullus Gas to boost daily natural gas output to 320M cubic feet in FY2024/25

Rashid Petroleum Company (Rashpetco) and Burullus Gas Company plan to increase the daily production capacity of natural gas to 320 million cubic feet in fiscal year (FY) 2024/2025.

Updated 3/24/2025 11:15:00 AM
Badawi, AngloGold Ashanti review investment plans in Egypt's mining sector

Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from global gold mining company AngloGold Ashanti to discuss investments in the Sukari gold mine

Updated 3/20/2025 10:32:00 AM
SUMED unveils $400M capital hike

The Arab Petroleum Pipelines Company (SUMED) increased its paid-in capital by $400 million to reach $600 million

Updated 3/18/2025 11:16:00 AM
El-Sisi reviews oil, gas exploration activities with Madbouly, Badawi

President Abdel Fattah El-Sisi discussed, with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi, oil and gas exploration activities and new discoveries, particularly in the Fayoum5 field, located in the King Mariout area.

Updated 3/17/2025 8:28:00 AM
bp to supply Egypt with 160M cubic feet of natural gas daily in H2 2025

bp plans to boost Egypt’s natural gas production by 160 million cubic feet per day from two wells in the King Mariout and Fayoum deepwater concessions in the Mediterranean Sea during the second half of 2025.

Updated 3/13/2025 11:32:00 AM
Egypt, Harbour Energy discuss expanding gas exploration, production

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Linda Cook CEO of British company Harbour Energy, on the sidelines of the 2025 CERAWeek Global Energy Conference in Houston, to discuss strengthening cooperation in research and exploration and reviewing plans to boost natural gas production from the company's concession areas in Egypt.

Updated 3/12/2025 10:42:00 AM
Egypt, US probe boosting cooperation in energy field at PAS25

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.

Updated 3/9/2025 7:32:00 AM
Badawi, Shell’s Cremers discuss development of Aphrodite gas field

Minister of Petroleum and Mineral Resources Karim Badawi and President of Integrated Gas at Shell Plc Cederic Cremers discussed regional integration plans to develop Cyprus's Aphrodite gas field.

Updated 3/5/2025 8:13:00 AM
Petroleum Ministry offers 13 new bidding rounds in Mediterranean Sea, Gulf of Suez

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).

Updated 3/3/2025 1:13:00 AM