- Crude Oil (WTI) 93.10 USD/bbl 0.68%
- Crude Oil (Brent) 97.69 USD/bbl 0.52%
- NYMEX Natural Gas 2.95 USD/MMBtu 0.34%
- OPEC Basket Price 97.70 USD/bbl -0.81%
Appointments
Badawi Appoints New Petrogas Chairman and HSE General Manager
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi has appointed Ahmed Gaber El Halwany as chairman of state-owned Petroleum Gases Company (Petrogas), while Zain El Abdeen Ahmed El Saghir was named general manager for occupational health, safety and environmental protection (HSE) for the company. The appointments are part of the ministry’s efforts to refresh leadership positions across the petroleum sector, improve operational efficiency, and strengthen the implementation of HSE standards.
Egyptian Petrochemicals Company
EPC Produces 78,000 Tons of PVC as Exports Reach 24,000 Tons
Egyptian Petrochemicals Company (EPC) produced around 78,000 tons of polyvinyl chloride (PVC) in FY 2025/26 while increasing exports to 24,000 tons as the company expanded sales into African and Latin American markets.
Cairo Oil Refining Company
Badawi Targets 80% Refinery Utilization to Cut Egypt’s Fuel Imports
Karim Badawi, Minister of Petroleum and Mineral Resources, said raising the utilization rate of Egypt’s refineries from 66% to 80% will increase reliance on locally refined petroleum products and help reduce the country’s fuel import bill.
2026 International Bid Round
EUG Showcases South East Bir El Nus Block Ahead of Bid Round Deadline
The Egypt Upstream Gateway (EUG) has released a video overview of the South East Bir El Nus block in the Western Desert, one of the blocks included in the Ministry of Petroleum and Mineral Resources (MoPMR)’s 2026 international bid round, launched on August 11.
EGPC
Saudi Petromin to Establish New Company for Lubricants Expansion in Egypt
Petromin, a Saudi energy and mobility company, signed a protocol to establish a specialized company to manage its investments and expansion plans in Egypt’s lubricants sector.
General Assembly
Misr Petroleum Reports EGP 230 Bn Revenue, 8 Mmt Sales in FY2025/26
Misr Petroleum reported more than EGP 230 billion in revenues and over 8 million tons in petroleum product sales during FY 2025/26, while expanding its operations, upgrading its assets, and entering new international markets.
Maridive
Maridive Reports 11% hike in H1 2026 Standalone Operating Revenue
Maridive & Oil Services' standalone operating revenues rose 11% year on year (YoY) to $43.09 million in the first half of 2026, according to an unaudited disclosure filed with the Egyptian Exchange. The company recorded a standalone net profit of $4.55 million in the first half of 2026, reversing a $22.32 million net loss in the comparable period of 2025.
biding round
MRMIA Sets September 8–11 Closing Dates for New Mineral Exploration Bids
The Mineral Resources and Mining Industries Authority (MRMIA) has announced September 8–11, 2026 as the closing dates for bidding on 21 exploration blocks including gold, phosphate, kaolin, and talc.
