Alexandria Petroleum Company raised its refinery operating rate to 83% during the final two quarters of fiscal year (FY) 2025/2026, up from 70% in the first quarter (Q1), as increased crude oil supplies drove higher production of several petroleum products.

Egypt’s Cabinet has approved the establishment of a special free zone for Fujairah Alamein Oil and Gas Company LLC to store and trade crude oil and petroleum products in New Alamein City.

Egypt’s Ministry of Petroleum and Mineral Resources and Halliburton are exploring the wider use of horizontal drilling and hydraulic fracturing technologies to increase oil and gas production and reduce operating costs.

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with the organizing and technical committees of the Mediterranean Offshore Conference & Exhibition (MOC 2026) to review the latest preparations for the event, which will be held in Alexandria from October 20 to 22, 2026.

Minister of Petroleum and Mineral Resources Karim Badawi met with ExxonMobil executives to discuss the initial steps for implementing a recently signed memorandum of understanding (MoU) with ExxonMobil and QatarEnergy.

CI Capital expects that every 10% increase in global oil and natural gas prices would raise Egypt's annual fuel import bill by around 26%, or $6 billion, the Cairo-based diversified financial services group said in a recent report.

Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi reviewed plans to secure the local market’s energy needs during August, including measures to maintain adequate supplies and provide operational alternatives.

Minister of Petroleum and Mineral Resources Karim Badawi discussed expanding cooperation between Egypt and Cyprus in the natural gas and mining sectors with Cypriot Ambassador to Egypt Polly Ioannou.

Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting with a delegation from the US-based Quantum Capital Group to explore establishing a long-term investment portfolio in Egypt’s oil and gas sector.

The Mineral Resources and Mining Industries Authority (MRMIA) signed a memorandum of understanding (MoU) with Genesis Mining to develop an integrated mining and industrial project for the exploitation of phosphate ore in New Valley Governorate

Egypt's petroleum sector and bp are teaming to bring the Fayoum North-4 well in the Mediterranean Sea into production soon, as per a statement issued by the Ministry of Petroleum and Mineral Resources.

The offshore Velox-1X exploratory well in the North Cleopatra concession has yielded promising oil indicators, confirming the presence of an active petroleum system and crude oil in the area

The Gulf of Suez Petroleum Company (GUPCO) has increased its crude oil production to 71,250 barrels per day, its highest level since July 2019.

Egyptian engineering and construction companies Petrojet and Enppi have secured a six-year engineering, procurement, and construction (EPC) framework agreement with Petroleum Development Oman (PDO), qualifying the consortium to compete for projects within a portfolio valued at more than $6 billion.

Minister of Petroleum and Mineral Resources Karim Badawi met with officials from SLB Egypt (Schlumberger) to discuss expanding the use of artificial intelligence (AI) across Egypt's petroleum sector, with a focus on increasing production, developing the Egypt Upstream Gateway (EUG), improving energy efficiency, and reducing carbon emissions.

The Gulf of Suez Petroleum Company (GUPCO) has brought the second phase of the North Safa field development project in the Gulf of Suez into operation as part of the Ministry of Petroleum and Mineral Resources' strategy to boost crude oil production and maximize output from existing fields.

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to utilize AI-powered tools and leverage digital transformation in Egypt's oil and gas sector with AIQ, a subsidiary of the UAE's ADNOC Group.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with Dana Gas CEO Richard Hall to discuss the company's activities in Egypt.

Minister of Petroleum and Mineral Resources Karim Badawi discussed Afaq Mining Company's plans to expand its gold exploration activities in Egypt.

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with the leadership of the Egyptian General Petroleum Corporation (EGPC) to review its performance and future development plans.