Skip to content
Back to Guavy Wire
Commodities

Egypt Speeds Up Development of Harmattan Gas Field

Instruments
Natural Gas
Share

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi has ordered an acceleration of work to connect the offshore Harmattan gas field to production facilities. The move aims to bring new gas resources online and strengthen domestic supplies.

The directive was issued during a visit by Badawi to the Pharaonic Petroleum Company's production site in Port Said, where he reviewed drilling, exploration, and field-development programs across the company's Mediterranean operations.

Hossam Zaki, chairman of Pharaonic Petroleum Company, said that the Harmattan development project targets production of approximately 200 million cubic feet of natural gas per day, alongside around 4,400 barrels of condensates per day.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc