Petrobel

Petrobel, also known as Belayim Petroleum Company, is an Egyptian joint venture between Eni and the Egyptian General Petroleum Corporation (EGPC). Established in 1978 as a joint-stock company under Egyptian law, it traces its origins to oil and gas exploration in South Sinai starting in 1953.

The company focuses on the exploration, development, and production of oil, natural gas, and condensates, primarily in the Gulf of Suez, Sinai region, and offshore Nile Delta concessions such as Temsah, Abu Madi, and Baltim. Key assets include the Belayim oil field—discovered in 1961 and operated since 1954 by Eni—and processing plants like Abu Rudeis, El Gamil, and Abu Madi.

Petrobel operates major infrastructure, adhering to zero-flaring and zero-discharge policies. It has achieved peak production exceeding 900,000 barrels of oil equivalent per day and continues active drilling and investment programs in Egypt's hydrocarbon sectors.