Latest news with #EGPC
CairoScene
7 hours ago
- Business
- CairoScene
EGPC & Petrobel Begin Production at Zohr 6 Gas Field
The Egyptian General Petroleum Corporation and Petrobel have started production at the Zohr 6 field, targeting 40–50 million cubic feet of gas per day to help stabilise Egypt's energy supply. Jun 20, 2025 The Egyptian General Petroleum Corporation (EGPC) and Petrobel have begun natural gas production from the Zohr 6 field in the Mediterranean Sea, with initial output estimated between 40 and 50 million cubic feet per day starting in June. The new production comes as part of a broader strategy to increase domestic gas supply and reduce reliance on imports, particularly for electricity generation and industrial Zohr 6 field was prepared for operation following the arrival of a drilling vessel in January and the completion of key water leakage mitigation procedures, including chemical injection and well isolation measures designed to ensure production remains central to Egypt's long-term energy strategy. Since the start of its development with Italian energy giant Eni, the field has attracted total investments of approximately USD 39 billion, with USD 13.5 billion specifically allocated to field development. Current production from the Zohr field ranges between 1.1 and 1.2 billion cubic feet per day, accounting for around 30% of Egypt's total natural gas launch of Zohr 6 aligns with ongoing offshore exploration and drilling activity in the Mediterranean. Between July 2024 and May 2025, eight new wells were drilled and another eight evaluated across various offshore blocks. Five new gas discoveries were made during the current fiscal year, which are expected to feed into Egypt's medium-term energy declining output from mature fields has prompted Egypt to import around 1.6 billion cubic feet of gas per day through LNG shipments and regional pipelines, currently meeting 25 to 30% of the country's overall gas demand. The new output from Zohr 6 is part of efforts to reduce that reliance and stabilise domestic energy availability.
Business Insider
4 days ago
- Business
- Business Insider
Egypt announces new oil discovery in Western Desert
The Egyptian General Petroleum Corporation (EGPC) has announced a new oil and gas discovery in the Abu Sennan brownfield in Egypt's Western Desert. The Egyptian General Petroleum Corporation announced a new oil and gas discovery in Abu Sennan, Western Desert, Egypt. Initial testing of the GPR-1X well revealed significant yields of oil and gas, with potential reserves of two million barrels of recoverable crude oil. Egypt's Ministry of Petroleum is increasing sector investments, planning $1.2 billion for 2024/2025 and a broader $7.2 billion strategy by 2030. The Egyptian General Petroleum Corporation (EGPC) has announced a new oil and gas discovery in the Abu Sennan brownfield in Egypt's Western Desert, as per a statement by the Ministry of Petroleum and Mineral Resources. The Egyptian Western Desert is a vast expanse of the Sahara Desert, covering over two-thirds of Egypt's land area. According to the Ministry, early test results from the GPR-1X well show promising outputs, up to 1,400 barrels of crude oil and one million cubic feet of gas per day from the Bahariya formation. Egypt's bold investment in oil exploration It comes as Egypt ramps up investment in its oil sector. Last year, the government announced plans to invest $1.2 billion in the 2024/2025 fiscal year to drill 110 exploratory wells. This is part of a broader strategy to invest $7.2 billion in drilling 586 exploratory wells by 2030. The new find is expected to boost Egypt's reserves by an estimated two million recoverable barrels of crude, according to Arab Finance. EGPC Chairman Mohamed Abdel Majeed said the well is currently undergoing testing at the production station. He also noted encouraging signs of additional hydrocarbon deposits in the Abu Rawash G and B formations, based on recent electrical logging data. This is the second discovery in the area in just three months, following another made in March. Both breakthroughs, the ministry said, were aided by artificial intelligence technologies deployed by EGPC teams. Officials say the discovery highlights the untapped potential of the Western Desert and shows the value of utilising modern technologies to revitalise mature fields.
Zawya
28-05-2025
- Business
- Zawya
Petroleum Minister inaugurates TAQA's new integrated operations center in Cairo
Egypt - Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, officially inaugurated the new integrated operations center for Saudi Arabian energy company TAQA, located in Cairo's Katameya district. The center will serve as a key hub for managing the company's activities in Egypt and the broader region, and is positioned to become a launchpad for TAQA's expansion across Africa. The initiative capitalizes on Egypt's strategic advantages — including its robust infrastructure, competitive logistics, and geographic location — to strengthen regional energy cooperation and attract international investment. TAQA, a leading provider of services to oil production sites and the wider energy sector, leverages innovation, technology, and sustainable practices to advance its mission. The inauguration ceremony was attended by senior energy officials, including Tamer Idris, Vice Chairperson for Production at the Egyptian General Petroleum Corporation (EGPC); Mohamed Radwan, Vice Chairperson of Ganoub El Wadi Holding Company (GANOPE) for Agreements and Exploration and Director of the Egypt Upstream Gateway (EUG); TAQA Chairperson Khaled Noah; Amir Nassim, Vice President of Operations; Hossam Abou Seif, Vice President for Africa and Iraq; and Moataz Serag, Egypt Country Director. Executives from production companies and international energy firms operating in Egypt were also present. During the opening, Minister Badawi reaffirmed the depth of historic ties between Egypt and Saudi Arabia, emphasizing the flourishing energy partnership between the two nations. He commended Saudi Minister of Energy Prince Abdulaziz bin Salman for his pivotal role in strengthening bilateral cooperation, highlighting his remarks at the recent Egypt Energy Show (EGYPES) as a testament to the strength of the relationship. Welcoming TAQA's expanded presence in Egypt, Badawi noted that the new center reflects the company's serious commitment to investing in and operating within the country. 'We are unlocking the full potential of Egypt's energy sector and the region,' he said. 'The ministry's six strategic pillars pave the way for broad cooperation with TAQA — from boosting production through advanced technologies and supporting mining, to renewable energy, emissions reduction, enhanced safety systems, and energy efficiency — all while bolstering regional collaboration with Saudi Arabia.' TAQA Chairperson Khaled Noah described the center as a milestone in the company's development and a model of successful partnership with Egypt. He emphasized TAQA's commitment to investing in the country's energy sector, especially in developing solutions to reduce carbon emissions — where Egypt is at the forefront of the company's initiatives. Noah praised Egypt's forward-looking energy strategy, highlighting TAQA's role in channeling investments, creating jobs, and providing advanced technological services to support the nation's energy goals. Attendees also received a comprehensive briefing on the center's capabilities, which include the use of advanced technologies in energy operations, equipment design and maintenance, and a specialized training facility to support workforce development. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
26-05-2025
- Business
- Zawya
Egypt: Badawi inaugurates TAQA Gas' station in New Valley Governorate
Arab Finance: Minister of Petroleum and Mineral Karim Badawi has inaugurated the main gas station, operated by TAQA Gas, which supplies El Kharga City in the New Valley Governorate, according to a statement. It provides gas supplies through a permanent pressure reduction station, a vehicle fueling station, and a car conversion center to natural gas. This project reflects the strong collaboration between the Ministry of Petroleum and Mineral Resources, the Egyptian General Petroleum Corporation (EGPC), New Valley Governorate, and the private sector. Reda Abdel Rahman, Deputy Managing Director of TAQA Gas, highlighted that the main station capacity stands at 2,500 standard cubic meters per hour (SCm³/h), which can be extended to 5,000 SCm³/h. Abdel Rahman added that 270,000 meters of medium and low-pressure pipelines have already been installed and supplied with natural gas. He noted that the number of residential clients connected in Phase 1 reached 5,750, with 8,300 more targeted in Phase 2. Additionally, six municipal bakeries were converted in the first phase, with 24 more targeted in the second phase. Meanwhile, the number of vehicles converted to operate on gas reached 409. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-05-2025
- Business
- Zawya
Egypt: EGPC, Ieoc Exploration's daily production of petroleum liquids surpasses 110,000 barrels
Arab Finance: The Egyptian General Petroleum Corporation (EGPC) and Ieoc Exploration BV, an Eni affiliated company, announced a total daily production exceeding 110,000 barrels of petroleum liquids through their joint ventures, Belayim Petroleum Company (Petrobel) and Agiba Petroleum Company, as per a statement. Production from the Sinai concession area surpassed 60,000 barrels of oil daily, a level not reached since 2023. This milestone was mainly attributed to the successful startup of the West Ferran-2 well, with a potential daily output of nearly 4,000 barrels of oil. This is besides the positive results from recent onshore and offshore maintenance campaigns. Agiba Petroleum's concession areas in the Western Desert also contributed, with a daily production exceeding 30,000 barrels of oil. The recorded growth is backed by the startup of new wells such as Mel-123 and SMel-C4, along with successful maintenance operations and non-rig interventions at wells MWD-8 and Zahra-7. This contributed with an additional daily capacity of 4,000 barrels of oil, and associated gas production exceeding 5 million cubic feet on a daily basis. Meanwhile, Ieoc Exploration BV added around 20,000 barrels of liquids per day, bringing its total production to over 110,000 barrels of liquids daily. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
