Prime Minister Mostafa Madbouly explained that the recently announced hikes in fuel prices are a proactive measure to ensure continuous operations of the Egyptian economy and production.

Morgan Stanley has downgraded its view on Egypt to “Equal Weight” from “Overweight,” citing headwinds facing the country as a net oil importer amid rising geopolitical risks across the Middle East.

Egypt’s Ministry of Petroleum and Mineral Resources has implemented a series of proactive measures to secure energy supplies for the local market, with geopolitical tensions escalating in the region.

Minister of Petroleum and Mineral Resources Karim Badawi met with Nasser Saif Al Yafei, CEO of Arcius Energy, to discuss the company’s plans to expand natural gas exploration and production activities in Egypt.

Egypt and Libya signed a memorandum of understanding (MoU) to deepen cooperation in the fields of petroleum, natural gas, and mining.

Karim Badawi, Minister of Petroleum and Mineral Resources, held talks with Frank Witzel, State Secretary at the German Federal Ministry for Economic Affairs and Energy, and discussed cooperation in the domain of energy

The Ministry of Petroleum and Mineral Resources outlined what it described as its most significant achievements in the oil, gas, and mineral resources sector, as part of the implementation of its strategic work program, with a particular focus on boosting exploration and domestic production to meet local demand.

Egypt and Cyprus are pressing ahead with efforts to deepen strategic cooperation in the energy sector, Minister of Petroleum and Mineral Resources Karim Badawi said during a meeting with Polly Ioannou, Ambassador of Cyprus to Cairo.

El Wastani Petroleum Company (WASCO) has completed drilling the North El-Basant-1 exploratory well in the Delta, adding an estimated 15 to 25 billion cubic feet of natural gas reserves based on initial tests, as per a statement by the Ministry of Petroleum and Mineral Resources.

Infinity Power, Africa’s largest renewable energy provider, has started construction on the 200-megawatt Ras Ghareb Wind Project in Egypt’s Gulf of Suez after signing an engineering, procurement, and construction (EPC) contract with POWERCHINA Huadong Engineering Corporation Limited (HDEC).

Elsewedy University of Technology (SUTech) - Polytechnic of Egypt organized a panel discussion titled: “AI & Energy: Two Sides of the Same Coin?” on its campus, tackling the future of AI in the energy sector.

ExxonMobil Egypt organized a specialized workshop titled "ExxonMobil Egypt Power Generation Seminar," as part of its strategy to grow Egypt's energy sector and enhance operational efficiency for its customers.

Egypt and Germany signed a €50 million debt-swap agreement to finance energy transition projects and expand solar and wind power plants

Egypt has announced the discovery of several new oil and gas discoveries across the Western Desert and Nile Delta, underscoring ongoing efforts to reduce reliance on imports by increasing domestic production.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Cyprus’s Minister of Energy, Commerce, and Industry Giorgos Papanastasiou inaugurated the Eastern Mediterranean Energy Conference and Exhibition (EMC 2025)

Egypt-based multidisciplinary integrated contractor Petrojet has received a preliminary award for the general contractor contract for the second-phase development of the Hassi Bir Rekaiz conventional oil field in Algeria, valued at $1.087 billion, the Egyptian Ministry of Petroleum and Mineral Resources announced in a statement on October 20th.

Israel’s Leviathan gas field partners have been given until October 30th to meet the conditions required for the approval of their $35 billion, 130 billion cubic meter gas export agreement with Egypt, according to Middle East Economic Survey (MEES)

ExxonMobil Egypt has signed a strategic cooperation agreement with Octane to advance digital transformation in Egypt’s transportation sector, as per an emailed press release.

Egypt Energy & FIREX 2025 will take place at the Egypt International Exhibition Centre in Cairo from October 14th to 16th October.