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Agiba Petroleum, EGPC, Eni join forces to fast-track Iris field development

Agiba Petroleum Company has successfully cooperated with the Egyptian General Petroleum Corporation (EGPC) and the Italian energy giant Eni in accelerating the development of the Iris field in Egypt’s Western Desert.

Updated 3/9/2025 7:22:00 AM
ExxonMobil participates in EGYPES for 8th consecutive year

ExxonMobil has taken part in EGYPES 2025, held from February 17th to 19th at the Egypt International Exhibition Center, emphasizing its commitment to Egypt's energy future.

Updated 2/19/2025 2:42:00 PM
Egypt signs $13.5M deals to boost crude oil production in Western Desert

Egypt has signed two agreements worth $13.5 million to boost crude oil production at the Western Desert.

Updated 2/19/2025 1:13:00 AM
EGPC teams up with Cisco to establish unified data center for Egypt's petroleum sector

The Egyptian General Petroleum Corporation (EGPC) signed a cooperation agreement with Cisco to establish a unified data center for the petroleum sector.

Updated 2/18/2025 1:58:00 AM
EGPC signs agreements with Nalco Water, ONSPEC at EGYPES 2025

The CEO of the Egyptian General Petroleum Corporation (EGPC) Salaheldin El Sayed Abdel Kerim has signed two agreements during the Egypt Energy Show (EGYPES 2025) to enhance operational safety, energy efficiency, and digital transformation in the petroleum sector.

Updated 2/18/2025 1:52:00 AM
EGPC reviews progress on clean energy transition projects

The Egyptian General Petroleum Corporation (EGPC) held its weekly Energy Transition Committee meeting to review the progress of projects supporting the shift toward clean energy.

Updated 2/9/2025 2:24:00 AM
GPC plans to drill 41 new wells in key regions

The General Petroleum Co (GPC) is planning to drill 41 new wells in the Eastern and Western Deserts and the Gulf of Suez to explore and produce oil and natural gas.

Updated 1/20/2025 1:30:00 AM
USTDA grants $959,006 to EGPC for methane emissions reduction roadmap

The US Trade and Development Agency (USTDA) has signed a grant agreement worth $959,006 with the Egyptian General Petroleum Corporation (EGPC).

Updated 12/15/2024 2:22:00 AM
Egypt commits to zero CBE claims by EGP 100B each FY: IMF

The Egyptian authorities have reduced the Central Bank of Egypt’s (CBE) claims by EGP 150 billion by end-July 2024, committed to further cut them to zero by EGP 100 billion every fiscal year (FY), according to the International Monetary Funds’ (IMF) country report on Egypt.

Updated 8/27/2024 7:50:00 AM
EGPC postpones paying $2B due to local banks

The Egyptian General Petroleum Corporation (EGPC) has agreed with a consortium of local banks to get a one-year grace period to pay back its due installments worth $2 billion.

Updated 8/7/2024 8:54:00 AM
EgyptAir settles $10B debts owed to EGPC

EgyptAir has fully paid off its 13-year accumulative debts of EGP 10 billion, owed to the Egyptian General Petroleum Corporation (EGPC), at the end of the elapsed fiscal year (FY) 2023/2024.

Updated 7/31/2024 8:35:00 AM
Egyptian cabinet thumbs up to 5 petroleum projects worth $200M

The Egyptian cabinet has given initial approval for five petroleum commitment projects involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international and national companies, with expected investments of about $200 million.

Updated 7/9/2024 2:11:00 AM
ITFC anticipated to disburse $200M tranche to EGPC

The International Islamic Trade Finance Corporation (ITFC) is expected to disburse a $200 million tranche in favor of the Egyptian General Petroleum Corporation (EGPC).

Updated 6/13/2024 11:46:00 AM
ExxonMobil hosts conference on digital transformation in petroleum sector

ExxonMobil Egypt hosted a conference on digital transformation in the petroleum sector and efforts towards implementing sustainable energy solutions.

Updated 5/28/2024 3:48:00 AM
Shell Egypt, partners to initiate 11th phase development in WDDM concession

Shell Egypt, a subsidiary of Shell plc, in partnership with the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and Petronas, agreed to commence the 11th development phase in the Nile Delta offshore at the West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

Updated 4/21/2024 3:18:00 AM
EGPC pays back $10M outstanding receivables to Pharos Energy

The Egyptian General Petroleum Corporation (EGPC) has paid back $10 million in outstanding receivables to the UK-based Pharos Energy Plc.

Updated 4/1/2024 8:48:00 AM
Cabinet approves draft laws on 5 petroleum commitment deals in Western Desert

The Egyptian cabinet has authorized Minister of Petroleum and Mineral to sign five petroleum commitment agreements for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of national and international companies.

Updated 3/6/2024 4:39:00 AM
EGPC signs deals with Schneider Electric, Huawei for digital transformation

The Egyptian General Petroleum Corporation (EGPC) has signed a two agreements with Schneider Electric and Huawei Technologies to boost digital transformation.

Updated 2/22/2024 7:01:00 AM
EGPC, LUKOIL sign MoU for oil exploration in Eastern Desert

The Egyptian General Petroleum Corporation (EGPC) has signed an oil exploration and development agreement with the Russian oil firm LUKOIL.

Updated 2/21/2024 8:41:00 AM
EGPC, Halliburton ink MoU to establish digital CDDR system

The Egyptian General Petroleum Corporation (EGPC) has signed a memorandum of understanding (MoU) with the oil services provider Halliburton Energy Services Egypt to establish a digital central drilling data repository (CDDR) system to follow up on drilling operations.

Updated 2/21/2024 8:22:00 AM