Fuelling the Energy Transition: Scalable Upstream for a Changing World.
Independent upstream. Integrated thinking.
Sea Dragon Energy is an independent upstream oil and gas operator focused on Egypt and the South Med. With over three decades of field experience, Sea Dragon develops and operates hydrocarbon assets with a hands-on approach to reservoir management and production optimisation.
As part of the Aleph Commodities group, Sea Dragon connects upstream operations with integrated midstream and trading capabilities delivering value from reservoir to market.
From Molecule to Market: Tomorrow’s Energy, Today.
Founded in 2005, Sea Dragon has grown from a single-asset operator into a multi-asset upstream company with established production infrastructure and a track record built across Egypt's most active hydrocarbon basins.
Today, we are focused on a single objective: becoming the leading independent upstream operator in the South Med delivering energy security, shareholder value, and long-term production growth.
As part of the Aleph Commodities group, Sea Dragon sits at the heart of an integrated energy ecosystem where upstream production connects directly to midstream infrastructure, power generation, and end markets. From the reservoir to the end consumer, every molecule counts.
End-to-End Upstream, Executed With Precision.
Exploration & Development
We identify and acquire high-potential oil and gas opportunities across Egypt and the South Med targeting assets with strong geological fundamentals, proven basin geology, and meaningful upside. From seismic analysis to appraisal drilling, we move with conviction and technical rigour.
Infrastructure & Processing
We develop and operate gas processing facilities and gathering networks controlling the full production chain from wellhead to delivery point, and converting operational output into consistent, distributable returns for our investors.
Production & Operations
We manage producing assets with a relentless focus on output reliability, cost discipline, and reservoir longevity. Our operational standards are consistent across every asset, every basin, every stage of the production cycle.
An Established Platform, Built To Scale.
Operational Foundation
Established production and gas processing infrastructure across Egypt, including a high-capacity processing facility with capacity headroom to support growth without material incremental capital
Proven Capability
A two-decade track record of operating, developing, and expanding upstream assets across multiple concessions with the technical depth and regional relationships to execute consistently.
Resource Base
Significant gas reserves and resources providing a clear runway for continued production growth, sustained cash generation, and long-term investor returns.
Focused Geography. Targeted Expansion.
Sea Dragon's operational base is Egypt, where established infrastructure and decades of in-country expertise provide a stable, cash-generative foundation and the platform from which we are actively expanding across North Africa and the Middle East, with a focus on Libya, Iraq, Syria and the Kurdistan Region, where basin geology, existing infrastructure, and our regional network converge to create high-conviction entry points.
We do not chase volume. We pursue quality targeting markets where local knowledge, operational capability, and structural advantage give Sea Dragon a meaningful edge.
Disciplined Growth Strategy
Our integrated approach connects upstream production directly to infrastructure, off-take, and end markets creating a capital-efficient platform where operational performance translates into consistent, long-term investor returns.
Balanced Portfolio
We target a mix of oil and gas assets across different concession stages balancing near-term cash generation with longer-term development upside to deliver portfolio resilience and investor predictability.
Market Optimisation
We position production to capture value across domestic and regional markets optimising offtake arrangements and leveraging the Aleph group's integrated trading and infrastructure capabilities to maximise realisations at every delivery point.
Organic & Inorganic Growth
We grow through a combination of disciplined asset development and selective bolt-on acquisitions prioritising opportunities that are immediately accretive, operationally compatible, and consistent with our long-term returns framework.
Integrated Energy Model
Within the Aleph Commodities group, Sea Dragon's upstream production feeds directly into an integrated energy ecosystem connecting gas output to power generation and local electricity markets, and converting molecules into measurable, distributable value.
Capital & Technology Access
We leverage international partnerships, institutional capital relationships, and access to frontier technology to pursue high-quality opportunities that standalone operators cannot reach alone.
Selective. Disciplined. Execution-Focused.
Our team combines deep sector expertise with entrepreneurial agility. We move from concept to completion with clarity, precision, and technical excellence.
Founders / Board
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A commodities trading executive with over 20 years’ experience across international markets, Ahmed is a Partner at Aleph Commodities and Non-Executive Director at Sea Dragon Energy. He previously held senior commercial roles at Bunge and Sodrugestvo, leading trading and logistics activities across North America, Europe, and MENA. In 2016, he founded Astra Commodities, where he serves as Chairman, building one of the region’s leading soft commodities trading platforms.
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With over 20 years’ experience in global markets and commodities trading, Atanas is Co-Founder and Managing Partner of Aleph Commodities. He previously served as Global Head of Commodities at VTB Capital, where he built one of Europe’s leading commodity financing and trading platforms. Prior to that, he was a Managing Director at Goldman Sachs covering Russia, Ukraine, and the CIS region, and began his career at Deutsche Bank. He studied at Grinnell College and the London School of Economics.
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With over 20 years’ experience in commodities trading and investment, Jason is Co-Founder and Managing Partner of Aleph Commodities. A fourth-generation participant in the resources sector, he previously served as Partner at Engelhart Commodity Trading Partners. His experience spans trading, structuring, and investment across energy production, storage, and generation. Prior to that, he held roles at Deutsche Bank, JP Morgan, Macquarie, and UBS. He studied at Duke University.
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A leading voice in global commodities and energy markets, Jeffrey focuses on strategy across energy and the energy transition. He is Chief Strategy Officer of Energy Pathways at Carlyle and previously spent over 25 years at Goldman Sachs as Global Head of Commodities Research. His work spans oil, gas, power, and energy geopolitics. He holds a PhD and Master’s in Economics from the University of Chicago and a BA from Pepperdine University.
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With over 25 years’ experience across global investment banking, Mohamed leads M&A at Aleph Commodities. He previously held senior roles at Goldman Sachs, JP Morgan, Credit Suisse and ICBC Standard Bank, specialising in structured finance, commodities, and derivatives. His experience spans project finance, risk management, and large-scale capital deployment. Prior to that, he began his career in the early development of machine learning and has maintained a long-standing interest in the field. He studied at École Polytechnique, Paris.
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A commodities and finance executive with over 15 years’ experience, Natalia is CFO of Aleph Commodities. She previously served as Group CFO and COO of Element Group, overseeing global finance, funding, and trade finance operations. Her experience spans structured finance, capital markets, and risk management, with earlier roles in origination and structuring at Goldman Sachs and other institutions across Europe and the CIS. She studied international finance in Moscow and corporate finance at WHU – Otto Beisheim School of Management.
Executive Management Team
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A senior figure in Egypt’s maritime and infrastructure sector, Dr Helmy Nada is Chairman of Sea Dragon Energy. He previously led the development of a major cargo terminal at Al-Adabiya Port in Suez as Chairman of Al-Adabiya Maritime Management Company. He also acted as chief negotiator on the 25-year concession agreement. His experience spans large-scale infrastructure development and international investment.
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A senior operating and investment executive with over 20 years’ experience across commodities, manufacturing, and investments, Haitham is COO of Sea Dragon Energy. He also serves as COO of Astra Group and previously held roles as CEO of Orientals Holding and Investor Relations Director at Egypt Kuwait Holding, where he supported capital raises and portfolio expansion across the energy sector. He studied at the University of Chicago Booth School of Business, Northwestern Kellogg, and Helwan University.
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With over 40 years’ experience in the oil and gas industry, Hesham ElAttar has held senior leadership positions across Egypt’s energy sector, including Rashid Petroleum, Mansoura Petroleum, E-Gas Holding Company and Princo North Sinai. His expertise spans production operations, drilling, field development and offshore projects, including major deepwater developments. Throughout his career, he has led complex operational programmes and multidisciplinary teams, contributing to the successful delivery and management of significant energy assets. He holds a BSc in Petroleum Engineering from Cairo University.
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Karim Hammouda serves as Chief Executive Officer of Sea Dragon Energy, bringing a rare combination of scientific discipline and executive leadership to the role. He is concurrently CEO of Astra Egypt, where he leads strategic direction, business development, and operational oversight in partnership with the board of directors. Prior to his transition into business leadership, Karim spent over a decade as a Chest Physician in Cairo, developing strong analytical and decision-making capabilities across complex, high-stakes environments. He holds a Bachelor of Science in Medicine from Kasr Al Aini and a Master of Science in Pulmonary Medicine from Beni-Suef University.
The Sea Dragon Energy Advantage.
Integrated Within Aleph Commodities
Part of a vertically integrated energy group spanning upstream production, midstream infrastructure, and power generation giving Sea Dragon access to capital, offtake, and end markets that standalone operators cannot replicate.
Execution Track Record
From licence acquisition and appraisal drilling through to production optimisation and infrastructure development Sea Dragon has a proven record of turning assets into performing, cash-generating operations
Regional Expertise
Two decades of operating in Egypt and the South-East Med have built deep institutional knowledge across geology, regulatory frameworks, government relationships, and in-country operational dynamics.
Infrastructure-Led Strategy
We own and control the processing and operational infrastructure underpinning our assets reducing third-party dependency, improving margin retention, and giving investors direct exposure to the full production value chain.