UK-based Energean plc plans to invest up to $150 million in Egypt over the next four years as it moves to combine its Abu Qir, North El Amriya (NEA), and North Idku (NI) concessions under a single framework.

Misr Petroleum Company generated more than EGP 230 billion in revenue during the previous fiscal year (FY) 2025/2026, as petroleum product sales surpassed 8 million tons.

Assiut Oil Refining Company (ASORC) produced approximately $3 billion worth of petroleum products in fiscal year (FY) 2025/2026 after refining 3.314 million tons of crude oil, while Petroleum Pipelines Company (PPC) transported more than 8.2 billion ton-kilometers through its 6,300-kilometer network.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with chairmen and executives from major Australian, Chinese, and South African mining companies to explore attracting new investments into Egypt’s mining sector.

Egypt has implemented key reforms to improve its mining investment environment and attract more foreign investment, Petroleum Minister Karim Badawi said at the Africa Down Under (ADU) conference in Australia.

Egypt is accelerating efforts to increase local oil and gas production and attract new investments in the sector, Minister of Petroleum and Mineral Resources Karim Badawi said in an expanded meeting with media representatives.

The Ministry of Agriculture and Land Reclamation and the Ministry of Petroleum and Mineral Resources denied reports claiming that the quota of subsidized fertilizers supplied by producers to the Agriculture Ministry had been cut as of August.

Velox Energy Materials intends to apply for mining concessions in Egypt, particularly within open areas of the Arabian-Nubian Shield, as the company explores opportunities to enter the country’s mining sector.

Italian energy company Eni plans to drill 30 exploration wells and 200 development wells in Egypt over the upcoming period as it intensifies its exploration and production activities for 2026 and 2027.

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.