Petrobel and Petroshrouk Announce Plans to Boost Zohr Natural Gas Field and Nile Delta Production with $1.029 Billion Investments

Strategic Insights -

Petrobel, Belayim Petroleum Company, and Petroshrouk oil companies have announced plans to inject significant investments to boost the production of the Zohr natural gas field and fields in the Nile Delta and Sinai governorates. The investments, valued at $1.029 billion, are aimed at enhancing output and achieving better oil recovery. The announcement was made during the general assembly meetings of the companies, with the presence of Minister of Petroleum and Mineral Resources Karim Badawi and officials from international partners.

Key Takeaways:

  • Petrobel and Petroshrouk plan to invest $1.029 billion in the fiscal year 2024-2025 to boost the production of the Zohr natural gas field and fields in the Nile Delta and Sinai governorates.
  • Minister of Petroleum and Mineral Resources Karim Badawi emphasized the ongoing implementation of the production optimization program for the Zohr field, which has contributed to adding approximately 65 million cubic feet of gas per day.
  • Petroshrouk Chairman Khaled Mowafi reviewed key achievements, noting that the company has invested $569 million in new investments, with over $460 million invested in production and exploration by Petrobel.
  • Petrobel achieved crude oil production of approximately 56,000 bpd in the fields of the Nile Delta and Sinai governorates, despite the challenges posed by aging fields.
  • The production optimization program for the Zohr field aims to increase production and adhere to safety and environmental standards.

Statistics:

  • $1.029 billion: value of investments planned by Petrobel and Petroshrouk in the fiscal year 2024-2025.
  • 65 million cubic feet: approximate increase in gas production per day due to the implementation of the production optimization program for the Zohr field.
  • $569 million: amount of new investments in Petroshrouk.
  • $460 million: amount invested in production and exploration by Petrobel.
  • 56,000 bpd: crude oil production achieved by Petrobel in the fields of the Nile Delta and Sinai governorates.

Sources:

  • State Information Service Egypt, August 26, 2025.
  • Petrobel and Petroshrouk general assembly meetings, August 26, 2025.