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News

@EgyptOilandGas
egyptoil-gas.com

Aramco Expands Crude Export Options via Egypt’s Sidi Kerir

31+ min ago   (284+ words) Saudi Aramco is offering additional spot crude cargoes for loading from Egypt’s Mediterranean terminal at Sidi Kerir as the company seeks greater export flexibility amid renewed security risks to shipping in the Red Sea, according to trading sources cited by…...

Egypt Oil & Gas
egyptoil-gas.com

U.S.-Iran Tensions

7+ hour, 53+ min ago   (73+ words) Egypt Oil & Gas U.S.-Iran Tensions | Egypt Oil & Gas The collapse of the U.S.-Iran ceasefire could keep Brent crude near $100 per barrel through 2026, according to updated forecasts from Rapidan Energy Group, a Washington-based energy and geopolitical consultancy. Page 1 of 1 Get all…...

@EgyptOilandGas
egyptoil-gas.com

EGAS Ain Sokhna Plant Supports Local Natural Gas Projects, Cut Import.

14+ hour, 15+ min ago   (276+ words) Sayed Selim, Executive Managing Director at the Egyptian Natural Gas Holding Company (EGAS), toured the company’s polyethylene pipe factory in Ain Sokhna. The visit aims to follow up on directives from Minister of Petroleum and Mineral Resources Karim Badawi to…...

@EgyptOilandGas
egyptoil-gas.com

MoPMR, BP Plan Gas Production from “Fayoum North-4” Well

11+ hour, 46+ min ago   (208+ words) Egypt Oil & Gas MoPMR, BP Plan Gas Production from “Fayoum North-4” Well As part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to increase domestic natural gas production, maximize existing infrastructure, and reduce reliance on imports, it is…...

@EgyptOilandGas
egyptoil-gas.com

Badawi Says Egypt’s Oil Output Hits Two-Year High

14+ hour, 12+ min ago   (259+ words) Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), said Egypt’s crude oil production has hit its highest level in nearly two years. He credited settling outstanding payments to investment partners in June with restoring confidence, attracting new capital, and…...

@EgyptOilandGas
egyptoil-gas.com

U.S.-Iran Tensions Likely Pushing Oil Toward $100

21+ hour, 41+ min ago   (310+ words) The collapse of the U.S.-Iran ceasefire could keep Brent crude near $100 per barrel through 2026, according to updated forecasts from Rapidan Energy Group, a Washington-based energy and geopolitical consultancy. Rapidan raised its fourth-quarter Brent price forecast to about $100 per barrel, up…...

@EgyptOilandGas
egyptoil-gas.com

Velox-1X Shows Promising Oil Discovery in Western Mediterranean

1+ day, 18+ hour ago   (288+ words) Egypt Oil & Gas Velox-1X Shows Promising Oil Discovery in Western Mediterranean Drilling of the offshore Velox-1X exploratory well in the North Cleopatra concession in the Western Mediterranean has revealed promising oil indicators, confirming a functioning petroleum system and crude oil…...

@EgyptOilandGas
egyptoil-gas.com

MoPMR, Quantum Capital Group Discuss Investment Opportunities

2+ day, 16+ hour ago   (278+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, met with representatives from Quantum Capital Group (QCG), a U.S. energy investment firm. The delegation included Charles Davidson, Partner at QCG, and Patrick Hughes, the company’s Managing Director and Head of Global Government…...

Google News
egyptoil-gas.com

MRMIA, Genesis Mining Egypt Sign Phosphate Project MoU

2+ day, 21+ hour ago   (310+ words) The Mineral Resources & Mining Industries Authority (MRMIA) and Genesis Mining Egypt signed an MoU to develop a $930 million integrated phosphate mining and industrial project in Egypt’s New Valley Governorate. MRMIA Chairman Yasser Ramadan and Genesis Mining Egypt CEO Hossam El…...

@EgyptOilandGas
egyptoil-gas.com

TotalEnergies Boosts 2Q-2026 Profit Despite Disruptions

2+ day, 23+ hour ago   (299+ words) TotalEnergies posted its second-quarter results, amid rising commodity prices and an integrated business model boosting earnings and cash flow despite Middle East-linked disruptions. Adjusted net income rose 12% quarter-on-quarter to $6 billion, while first-half adjusted net income increased 47% year-on-year to $11.4 billion and…...