QatarEnergy has expanded its presence in Egypt’s energy sector through a new partnership with Italy’s Eni in the North Rafah offshore concession in the Mediterranean Sea.

he Cabinet has approved two draft petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international companies.

The Ministry of Petroleum and Mineral Resources has signed a framework agreement with the Canadian mining giant Barrick Gold to boost investment in the country’s gold sector.

The Egyptian government is planning to launch an international gold exploration bid round in the Eastern Desert before the end of this year.

The Egyptian General Petroleum Corporation (EGPC) signed four memoranda of understanding (MoUs) aimed at increasing exploration, production, and development activities in the oil and natural gas sector with a consortium between Hassan Allam Holding and Infinity Capital Investment, Ezz Steel, ElSewedy Industrial Group (EIG), and Advanced Petroleum Services Group.

The UK-based bp is targeting accelerating exploration and production in the Mediterranean Sea over the coming period to boost Egypt’s natural gas output.

Minister of Petroleum and Mineral Resources Karim Badawi has conducted a comprehensive workshop on investment opportunities in research, exploration, and production at the ministry’s headquarters in the New Administrative Capital.

Egypt is planning to launch a new international natural gas exploration tender in 10 concessions at least across the Mediterranean and the Nile Delta region.

The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new oil development wells in the North Safa and Al Wasl fields, the company’s Chairman Salah Abdel Kareem said during the Minister of Petroleum Karim Badawi’s field monitoring.

Egyptian Afaq Mining is planning to invest up to $40 million in gold prospecting and mining over the next three years,.

Shalateen Mineral Resources is planning to launch a new international tender for gold prospecting in the Wadi Allaqi region in Egypt’s Eastern Desert within the fourth quarter (Q4) of 2024.

QatarEnergy has acquired a 40% interest in two offshore natural gas exploration blocks in Egypt from ExxonMobil as per an agreement signed by both sides on May 12th.

Egypt has authorized five international energy firms to commence exploration ventures in the western Mediterranean, an unnamed insider within Egypt's petroleum sector told Arab World Press (AWP).

The Egyptian Minister of Petroleum Tarek El-Molla has met with a delegation from the UK-based firm Capricorn Energy to foster the firm’s oil exploration and well drilling operations in Egypt.

Egypt is working on the launch of new international bids for oil, natural gas, and gold exploration during 2024, Minister of Petroleum Tarek El-Molla.