- Crude Oil (WTI) 73.92 USD/bbl 3.51%
- Crude Oil (Brent) 78.56 USD/bbl 4.44%
- NYMEX Natural Gas 2.90 USD/MMBtu -1.36%
- OPEC Basket Price 76.25 USD/bbl -2.19%
Egypt
Madbouly Reviews Jet Fuel Security with Petroleum, Aviation Ministers
Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources, and Sameh Elhefny, Minister of Civil Aviation, to follow up on the cooperation between the two ministries on securing jet fuel as well as developments related to Egypt's plan to start producing Sustainable Aviation Fuel (SAF). The discussions focused heavily on progress regarding Egypt’s first Sustainable Aviation Fuel (SAF) project, alongside securing local energy infrastructure to meet rising transport demands, according to a statement by the Cabinet.
Ras Shukeir
EGPC CEO Inspects Oil Storage Facilities in Eastern Desert
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), inspected the strategic crude oil storage facilities in Ras Gharib and at Ras Shukeir in the Eastern Deserts as part of implementing the Ministry of Petroleum and Mineral Resources (MoPMR)'s strategy to accelerate the operation of vital projects, according to a statement by MoPMR. Abdel Kerim started the tour with a meeting at the General Petroleum Company (GPC) in Ras Gharib, during which he affirmed that the company represents a genuine added value to the national economy.
Kom Ombo block
Ganope To Revive Production Wells at Al Baraka Oil Field
The South Valley Egyptian Petroleum Holding Company (Ganope) has launched a comprehensive program to revive production wells at the Al Baraka oil field in the Kom Ombo block, Aswan Governorate. The program includes workover operations on existing production wells, alongside the drilling of new development and exploration wells. This comes as part of the Ministry of Petroleum and Mineral Resources' strategy to boost domestic oil and gas production and maximize the potential of promising resources in Upper Egypt.
Live Webinar
IGU Webinar: Hormuz Crisis Cuts Gulf LNG Exports by 35 bcm
TThe liquefied natural gas (LNG) loadings from Qatar and the United Arab Emirates (UAE) dropped by 35 billion cubic meters (bcm) since the eruption of the Middle East conflict in March 2026 compared with the same period last year, said Gergely Molnar, Energy Analyst at the International Energy Agency (IEA) during a recent live webinar by the International Gas Union's (IGU) reflecting on its 17th annual edition of the World LNG report.
Exporting
Turkmenistan H1 Gas Production Edges Higher to 39.1 bcm
Turkmenistan, which holds the world’s fourth-largest proven natural gas reserves, produced 39.1 bcm of natural gas in the first half of 2026, up slightly from a year earlier, while China remained the country’s largest export market.
Arab Gas Pipeline
Egypt, Jordan Near Completion of Key Gas Compresser Station
Minister of Petroleum and Mineral Resources Karim Badawi toured Jordan to inspect the development in the construction of the Al Khanasri gas compressor station, a key project executed by Egyptian petroleum sector companies.
Karim Badawi
Badawi Discusses Mining Cooperation with JPMC CEO
During his visit to Jordan, Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), met with Abdel Wahab Al-Rowad, CEO of the Jordan Phosphate Mines Company (JPMC).
Projects
Egypt, Jordan Explore Phosphate, Green Hydrogen Cooperation
Egypt and Jordan are advancing energy cooperation by expanding natural gas infrastructure, strengthening mining partnerships, and exploring joint opportunities in phosphate, green hydrogen, and value-added industries.
