Egypt's Cabinet approved four draft petroleum concession agreements with a combined minimum investment of approximately $52.97 million and commitments to drill at least six wells, covering exploration and production activities in the Mediterranean Sea, Nile Delta, North Sinai, and the Eastern Desert.
Updated 6/4/2026 1:34:00 PM
Alexandria Mineral Oils Company’s (AMOC) board of directors has approved the estimated planning budget for the fiscal year (FY) 2025/2026.
Updated 6/29/2025 9:25:00 AM
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
The International Islamic Trade Finance Corporation (ITFC) has signed the 2025 financing program with the Egyptian government at a value of $1.5 billion to support petroleum products and food security.
Updated 2/4/2025 4:17:00 AM