Egypt, Syria explore energy cooperation to support recovery of Syrian oil sector
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, held talks with Syria’s Minister of Energy, Mohammad Al-Bashir, during a visit to the United States, exploring opportunities to expand bilateral cooperation in the oil and gas sector and support the
Iran sets tough conditions for US talks amid mounting fears over oil, shipping disruption
Iran hardened its negotiating position with the United States on Wednesday, demanding five conditions it described as the “minimum guarantees for trust” before entering any new round of talks, as global concerns mounted over the war’s impact on oil supplies
Oil and gas prices surge as Iran re-closes Strait of Hormuz
Oil and European natural gas prices surged after Tehran re-closed the Strait of Hormuz and fired on vessels following the US Navy’s seizure of an Iranian ship, halting all shipping traffic through the vital energy corridor. The turbulent weekend escalation
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy
Madbouly says Egypt has paid $5bn of arrears to foreign oil partners
Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters
Opinion | Trump’s America and the Global Monroe Doctrine: When Power Becomes Policy
At the dawn of 2026, the world no longer tolerates ambiguity. Diplomatic masks have slipped. Reality stands exposed. Raw power is the only language that requires no translation. At the centre of this historic shift is the United States. It
Egypt targets 480 new oil and gas wells in $5.7bn exploration push
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas
Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives
Egyptian President Abdel Fattah Al-Sisi on Saturday directed his government to scale up oil, gas and mineral exploration and introduce additional incentives to attract investors, according to a statement from the presidency. The directives came during a meeting with Prime
BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions
Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement covers the drilling of five natural gas wells in BP’s
Ricardo develops electric propulsion motor with no rare earths or copper
Engineering consulting company Ricardo has designed, developed and tested a prototype electric propulsion module, Alumotor, a synchronous reluctance motor that does not contain critical raw materials such as rare