Latest news with #EgyptEnergyShow
Daily News Egypt
4 days ago
- Business
- Daily News Egypt
Petroleum Minister inaugurates TAQA's new integrated operations center in Cairo
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.
Egypt Today
16-03-2025
- Business
- Egypt Today
Sisi instructs advancing gas discoveries, attracting foreign investments in petroleum sector
Egyptian President Abdel Fattah El Sisi meets with Prime Minister Mostafa Madbouly (L) and Minister of Petroleum and Mineral Resources Karim Badawi (R), 16 March 2025 – Presidency CAIRO – 16 March 2025: President Abdel Fattah El-Sisi emphasized the importance of making every effort to advance new gas explorations as he reviewed ongoing drilling activities aimed at boosting the nation's petroleum and gas reserves. During a meeting on Sunday with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi, Sisi instructed continued efforts to attract more foreign investments in the petroleum sector to meet rising local demand. He highlighted the incentives provided by the state to develop gas fields and intensify exploration and production processes, the Egyptian Presidency said in a statement. The meeting addressed new drilling and exploration activities, particularly in the Fayoum 5 oil and gas field, and highlighted several recently signed agreements to advance exploration efforts. CYPRUS GAS AGREEMENTS Discussions also covered cooperation with Cyprus in the gas sector, focusing on maximizing benefits from discovered gas reserves in Cyprus's Exclusive Economic Zone, particularly in the Cronos and Aphrodite fields. This cooperation enables the transportation of discovered gas from Cypriot waters to Egypt, either for utilization in the domestic market or for liquefaction and export to global markets, the Presidency said. During the Egypt Energy Show (EGYPES) 2025 held in Cairo last February, Egypt and Cyprus signed agreements allowing for the export of gas from the Cypriot offshore fields of Cronos and Aphrodite to Egyptian facilities. The Cypriot gas will be liquified through the existing Egyptian infrastructure, allowing for subsequent export to Europe. Egyptian President Abdel Fattah El-Sisi and Cypriot President Nikos Christodoulides attended the Egypt International Energy Conference (EGYPS 2025) in Cairo, where they witnessed the signing of two key agreements between Egypt and Cyprus. These agreements… — Egypt Today Magazine (@EgyptTodayMag) February 18, 2025 Egypt strives to process gas from Eastern Mediterranean discoveries, supply it to the domestic market, and re-export it to Europe, thereby strengthening its position as a major energy player in the region. Sisi and state officials also discussed energy cooperation with Saudi Arabia, including the memorandum of understanding signed between the two countries during EGYPES 2025. The President directed honoring financial obligations to oil and gas companies operating in Egypt and meeting commitments towards them, which would encourage increased local production of oil and gas. He also ordered the provision of incentives to accelerate energy field development and production activities while conducting new explorations. During the meeting, Badawi briefed the president on the nation's strategic petroleum reserves, aimed at ensuring the needs of citizens are met. The minister says a future increase in local production will help boost strategic reserves, according to the statement.
Zawya
05-03-2025
- Business
- Zawya
Petroleum Minister, Shell discuss boosting gas production in Egypt's Mediterranean operations
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cedric Cremers, Executive President of LNG at Shell, and his delegation on Monday to discuss increasing natural gas production from the company's operations in Egypt's deep-water Mediterranean areas. Discussions also encompassed regional integration plans for developing Cypriot gas discoveries, specifically the Aphrodite field, utilising Egypt's gas sector infrastructure. This follows an agreement signed at the Egypt Energy Show (EGYPES) 2025. Yassin Mohamed, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS); Kelly Howe, Vice President of LNG at Shell; Dalia El Gabry, Country Chair Shell Egypt; and Azza Shalabaya, Head of Corporate Relations at Shell Egypt, also attended the meeting. Shell's ongoing operations and efforts to develop gas resources in the West Nile Delta deep-water areas, including Phases 10 and 11, to enhance natural gas production, were reviewed during the meeting. Badawi commended Shell's commitment to its operations in Egypt, despite existing challenges, as well as its expansion plans and the successful projects implemented, which have added more wells to Egypt's natural gas production map. He also praised Shell's efforts and its strategic partnership with the Egyptian petroleum sector. Badawi emphasised the importance of expediting the inclusion of new wells into Shell's work plan to increase natural gas production. He stated that increasing gas production rates is a priority for the Egyptian economy, as it supports domestic market needs, reduces import bills, and benefits all stakeholders. The minister highlighted the significance of regional integration for developing gas resources from the Cypriot Aphrodite field in collaboration with Chevron and Shell. He reiterated Egypt's continuous cooperation with Cyprus and international companies, following the agreement signed in Cairo during EGYPES 2025. Badawi pointed out the opportunities available for Shell to increase its investments in new areas, citing new investment opportunities offered through the Egypt Upstream Gateway (EUG) for undeveloped fields and exploration areas. He also noted that, in parallel with efforts to increase gas production, there is an integrated approach to the energy sector, in cooperation with the Ministry of Electricity and Renewable Energy, to enhance renewable energy's contribution to power generation. Work is also underway to strengthen electrical interconnection with Saudi Arabia, which is expected to reduce energy import costs, alleviate financial burdens, and increase efficiency across the energy sector, particularly in the petroleum and gas sectors. Cremers expressed his pleasure in visiting Egypt and praised Shell's achievements in the Egyptian natural gas sector. He affirmed Shell's commitment to its investments in Egypt, with an ambitious work agenda. He noted that Phases 10 and 11 projects in the West Nile Delta are key objectives for Shell in Egypt, with the company aiming to integrate them into its production map. Cremers added that Shell aims to expand its operations in the region and accelerate the development and production of the Cypriot Aphrodite natural gas field, in cooperation with Egypt, Cyprus, and the field partners. El Gabry stated that 2025 will see a rise in natural gas production due to the implementation of Phases 10 and 11 projects to increase gas production in the West Nile Delta area. She also noted the ongoing development of the West Mina discovery in the North East El Amriya area in the Mediterranean Sea. The existing partnership between Egypt and Shell in the Idku LNG complex on the Mediterranean Sea was also reviewed during the meeting. In addition, both parties discussed cooperation in energy efficiency, environmental sustainability and carbon reduction.
Daily News Egypt
04-03-2025
- Business
- Daily News Egypt
Petroleum Minister, Shell discuss boosting gas production in Egypt's Mediterranean operations
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cedric Cremers, Executive President of LNG at Shell, and his delegation on Monday to discuss increasing natural gas production from the company's operations in Egypt's deep-water Mediterranean areas. Discussions also encompassed regional integration plans for developing Cypriot gas discoveries, specifically the Aphrodite field, utilising Egypt's gas sector infrastructure. This follows an agreement signed at the Egypt Energy Show (EGYPES) 2025. Yassin Mohamed, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS); Kelly Howe, Vice President of LNG at Shell; Dalia El Gabry, Country Chair Shell Egypt; and Azza Shalabaya, Head of Corporate Relations at Shell Egypt, also attended the meeting. Shell's ongoing operations and efforts to develop gas resources in the West Nile Delta deep-water areas, including Phases 10 and 11, to enhance natural gas production, were reviewed during the meeting. Badawi commended Shell's commitment to its operations in Egypt, despite existing challenges, as well as its expansion plans and the successful projects implemented, which have added more wells to Egypt's natural gas production map. He also praised Shell's efforts and its strategic partnership with the Egyptian petroleum sector. Badawi emphasised the importance of expediting the inclusion of new wells into Shell's work plan to increase natural gas production. He stated that increasing gas production rates is a priority for the Egyptian economy, as it supports domestic market needs, reduces import bills, and benefits all stakeholders. The minister highlighted the significance of regional integration for developing gas resources from the Cypriot Aphrodite field in collaboration with Chevron and Shell. He reiterated Egypt's continuous cooperation with Cyprus and international companies, following the agreement signed in Cairo during EGYPES 2025. Badawi pointed out the opportunities available for Shell to increase its investments in new areas, citing new investment opportunities offered through the Egypt Upstream Gateway (EUG) for undeveloped fields and exploration areas. He also noted that, in parallel with efforts to increase gas production, there is an integrated approach to the energy sector, in cooperation with the Ministry of Electricity and Renewable Energy, to enhance renewable energy's contribution to power generation. Work is also underway to strengthen electrical interconnection with Saudi Arabia, which is expected to reduce energy import costs, alleviate financial burdens, and increase efficiency across the energy sector, particularly in the petroleum and gas sectors. Cremers expressed his pleasure in visiting Egypt and praised Shell's achievements in the Egyptian natural gas sector. He affirmed Shell's commitment to its investments in Egypt, with an ambitious work agenda. He noted that Phases 10 and 11 projects in the West Nile Delta are key objectives for Shell in Egypt, with the company aiming to integrate them into its production map. Cremers added that Shell aims to expand its operations in the region and accelerate the development and production of the Cypriot Aphrodite natural gas field, in cooperation with Egypt, Cyprus, and the field partners. El Gabry stated that 2025 will see a rise in natural gas production due to the implementation of Phases 10 and 11 projects to increase gas production in the West Nile Delta area. She also noted the ongoing development of the West Mina discovery in the North East El Amriya area in the Mediterranean Sea. The existing partnership between Egypt and Shell in the Idku LNG complex on the Mediterranean Sea was also reviewed during the meeting. In addition, both parties discussed cooperation in energy efficiency, environmental sustainability and carbon reduction.
Zawya
27-02-2025
- Business
- Zawya
Egypt accelerates gas field development to boost production, cut imports
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi has directed the Egyptian Natural Gas Holding Company (EGAS) to develop an urgent plan to accelerate the development of undeveloped gas discoveries, as per a statement. The move aims to increase local production and reduce reliance on imports, aligning with the ministry's strategy. During his chairmanship of EGAS's General Assembly, Badawi highlighted the success of incentive packages that have encouraged international oil and gas companies to expand operations in Egypt. He noted the momentum seen during the Egypt Energy Show (EGYPES), where agreements and discussions advanced efforts to open new areas for cooperation. He also expressed appreciation for the sector's workforce, acknowledging their continuous efforts to meet Egypt's energy needs. EGAS Executive Managing Director Yassin Mohamed reviewed key developments in the gas sector, including the launch of a global bid for gas exploration in 12 areas in the Mediterranean and the Nile Delta. Results are expected in the second half (H2) of the fiscal year (FY) 2024/2025, with five new agreements in the final signing stages and plans to amend existing contracts. For the FY 2025/2026, Egypt aims to finalize additional agreements based on bid outcomes. In exploration, seven wells have been completed in H1 of FY 2024/2025, with bp drilling the Fayoum-5 well in North Alexandria. A 3D seismic survey covering 2,100 square kilometers in the Western Mediterranean has been completed to attract investment. In the H2 of the current FY, four more wells will be drilled, while plans for FY 2025/2026 include 17 exploratory wells with $434 million in investments. Egypt has also ramped up production efforts, completing five gas field development projects and bringing eight new wells on production line in H1 FY 2024/2025, adding 275 million cubic feet of gas per day and 7,000 barrels of condensates. Four additional projects and 14 wells are set for H2, targeting 475 million cubic feet per day and 11,000 barrels of condensates with $845 million in investments. In FY 2025/2026, seven projects and 24 wells are planned, with an initial production capacity of 630 million cubic feet per day and $1.245 billion in investments. Efforts to expand Egypt's natural gas network continue, with the national grid now spanning 104,000 kilometers. Six new pipeline projects are planned for FY 2025/2026. Gas supply to residential areas is also increasing, with 700,000 housing units targeted for connection by the end of the current FY, bringing the total to 15.6 million. Plans for FY 2025/2026 include 800,000 more units. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
