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Drilling resumes at Al-Baraka field
The Ministry of Petroleum has resumed drilling operations at the Al-Baraka field in Aswan after a halt that lasted since 2022, following the settlement of the foreign partners' dues. This has renewed investor confidence and expanded the development plans for the field, which is the only oil producer in the governorate. Additionally, the ministry continues to expand its exploration efforts in southern Egypt through a seismic survey in the western Asyut area covering 100,000 square kilometers, aiming to open up new investment opportunities. The ministry also plans to inaugurate an Egyptian diesel production complex in Asyut by the end of the first half of 2027, with investments exceeding $3 billion, to boost fuel production and enhance energy security in the region.
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