}

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Egypt begins temporary listing of 10 petroleum companies on EGX

Egypt’s Prime Minister Mostafa Madbouly chaired a meeting to review the Ministry of Petroleum and Mineral Resources’ plan to list a number of state-owned companies on the Egyptian Exchange (EGX), with procedures now underway to temporarily list 10 petroleum sector firms.

Updated 4/14/2026 3:49:00 PM
Egypt signs deal to import full output from Cyprus’ Aphrodite gas field

Egypt has agreed to purchase the full production of natural gas from Cyprus’ Aphrodite field under a new set of agreements aimed at strengthening supply and supporting exports.

Updated 4/14/2026 9:10:00 AM
PetroGulf increases Gulf of Suez production to 26,600 barrels per day

Egypt’s Ministry of Petroleum and Mineral Resources announced that PetroGulf has increased its production from fields in the Gulf of Suez to approximately 26,600 barrels per day, marking the highest level since the company’s establishment in 1982.

Updated 4/13/2026 4:20:00 PM
EGPC, Eni to renew North Port Said concession commitment

The Egyptian General Petroleum Corporation (EGPC) and Eni have signed a memorandum of intent to renew the commitment to the North Port Said concession, as per a statement issued by the Egyptian Ministry of Petroleum and Mineral Resources.

Updated 4/5/2026 6:32:00 AM
Egypt brings 4 new gas wells online with 120M/cfd output

Egypt’s Ministry of Petroleum and Mineral Resources has added four new gas wells to the country’s production map, with a combined output estimated at about 120 million cubic feet per day.

Updated 4/5/2026 6:27:00 AM
Wadico, Asunim Egypt pen deal for solar power plant in Aswan

The New Valley Company for Mineral Resources and Oil Clay (Wadico) signed an agreement with Asunim Egypt, a subsidiary of the global Asnim Solar Energy Limited Group, to establish a solar power plant.

Updated 4/2/2026 11:55:00 AM
Canada's Mediterra Energy to scale drilling activities in Egypt concessions

Canada-based Mediterra Energy Corporation plans to expand production in Sinai and Kom Ombo concession areas, the company's CEO Memet Kont stated.

Updated 4/2/2026 10:45:00 AM
Methanex Egypt inks deal on petroleum sector safety capacity building

Methanex Egypt and the Ministry of Petroleum and Mineral Resources signed a new agreement to back the sector’s capacity-building program (Wave III).

Updated 4/2/2026 9:34:00 AM
Shell eyes further investments in Egypt as government pushes gas expansion

Shell is looking forward to injecting further investments in Egypt, Cedric Cremers, President of Integrated Gas at Shell, noted in a meeting with Minister of Petroleum and Mineral Resources Karim Badawi.

Updated 4/2/2026 12:52:00 AM
Petroleum Ministry denies additional increase in fuel prices

The Ministry of Petroleum and Mineral Resources denied news circulating about another hike in fuel prices, effective on Thursday, April 2nd

Updated 4/2/2026 12:42:00 AM
Madbouly explores mechanisms to expedite energy projects, mitigate investment risks

Prime Minister Mostafa Madbouly chaired a roundtable discussion with representatives from global energy companies and financial institutions on the second day of the EGYPS 2026

Updated 3/31/2026 11:58:00 AM
Badawi reviews United Energy's Western Desert operations, green energy cooperation

Minister of Petroleum and Mineral Resources Karim Badawi held talks with United Energy Group CEO Song Yu to review the company’s oil and gas activities in Egypt’s Western Desert.

Updated 3/31/2026 10:23:00 AM
Egypt, SLB discuss horizontal drilling technologies to increase oil output

Minister of Petroleum and Mineral Resources Karim Badawi discussed boosting cooperation with SLB, formerly known as Schlumberger, on implementing horizontal drilling technologies to increase oil production.

Updated 3/31/2026 9:43:00 AM
Badawi reviews bp's Egypt projects, expansion plans

Minister of Petroleum and Mineral Resources Karim Badawi reviewed the progress of bp’s existing projects and expansion plans in Egypt to boost natural gas exploration and production.

Updated 3/31/2026 8:33:00 AM
Egypt signs Chevron deal to fast-track Cyprus Aphrodite gas to its infrastructure

The Ministry of Petroleum and Mineral Resources inked an agreement with Chevron to accelerate the development and production of natural gas from the Cypriot Aphrodite field and link it to Egyptian infrastructure.

Updated 3/31/2026 12:21:00 AM
Egypt to settle $1.3B IOC arrears by end-June

Egypt is set to settle $1.3 billion in arrears to international oil companies (IOCs) by the end of June 2026, Minister of Petroleum and Mineral Resources Karim Badawi announced.

Updated 3/24/2026 6:15:00 AM
Valaris DS-12 arrives in Egypt for 4-well drilling program with bp, Arcius

Drilling vessel Valaris DS-12 has arrived in Egyptian territorial waters as part of a program aimed at drilling four new wells for bp and Arcius Energy.

Updated 3/24/2026 5:32:00 AM
Badawi reviews Enppi 2025 results as contracts reach $1.34B

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi attended the 2025 general assembly meeting of Engineering for the Petroleum and Process Industries (ENPPI) to approve the company’s financial results, as it continues to expand its international footprint.

Updated 3/18/2026 8:12:00 AM
Ganope to drill $33M exploration wells; targets over $4B revenues in FY2026/27

South Valley Egyptian Petroleum Holding Company (Ganope) plans to drill five exploration wells at an estimated value of $33 million, Chairman Ashraf Bahaa announced during the company's ordinary general meeting.

Updated 3/15/2026 10:08:00 AM
ECHEM plans $11B projects over 5 years

The Egyptian Petrochemicals Holding Company (ECHEM) has a five-year plan to implement 10 projects, with investments of $11 billion, Chairman Alaa El-Din Abdel Fattah announced.

Updated 3/15/2026 9:04:00 AM