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السويس بلدي
Petroleum Minister visits Al-Barakah field after 3-year pause
The visit of Minister of Petroleum and Mineral Resources, Engineer Kareem Badawi, to the Baraka Field in the Kom Ombo area of Aswan focused on resuming drilling and production activities after a halt of three years. This step follows Canadian company Meditira’s investment and the arrival of the first drilling rig in the area, aimed at rehabilitating wells and increasing production in South Egypt, which is considered a key hub of the ministry’s strategy to stimulate petroleum exploration and discovery. The minister also emphasized that the seismic survey project covering approximately 100,000 square kilometers will support the identification of new investment opportunities, along with incentives such as the R-Factor system, with the goal of attracting more investments, boosting economic development, and creating jobs for Egyptians in Upper Egypt.
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