- Crude Oil (WTI) 83.44 USD/bbl 0.00%
- Crude Oil (Brent) 88.10 USD/bbl -0.20%
- NYMEX Natural Gas 2.89 USD/MMBtu 0.00%
- OPEC Basket Price 87.31 USD/bbl 1.06%
crude oil
Shell Ends Schwedt Refinery Stake Sale Talks with Poland’s Unimot
British oil major Shell has ended negotiations to sell its 37.5% stake in Germany’s PCK Schwedt refinery to Polish energy company Unimot, Reuters reported, citing Bloomberg News.
Minister of Electricity and Renewable Energy Mahmoud Esmat
Egypt, Masdar Accelerate Wind, Solar, Battery Projects
Egypt’s Electricity Minister Mahmoud Esmat met with Masdar CEO Mohamed Jameel Al Ramahi to discuss accelerating the company’s renewable energy projects in Egypt, including wind, solar, and battery energy storage projects, as the country targets a 45% renewable energy share in its power mix by 2028.
Agriculture and Land Reclamation
Agriculture, Petroleum Ministries Deny Cut to 2.4 Mn-Ton Fertilizer Subsidy Quota
Egypt’s Ministries of Agriculture and Land Reclamation and Petroleum and Mineral Resources have denied reports that the annual quota of subsidized fertilizers supplied to the agricultural sector has been reduced from August.
Egyptian General Petroleum Corporation (EGPC)
Alamein Petroleum Produces 613,200 Barrels as PetroZenima Reviews Output
EGPC CEO, Salah Abdel Kerim, reviewed PetroZenima and Alamein Petroleum’s FY 2025/26 results, with the companies focusing on production growth, reserve development, and asset safety under the sector’s 5-year production plan.
Petrojet
MoPMR Pushes PETROJET’s Regional Expansion With $22.7 Mn Jordan Gas Contract
Karim Badawi, Minister of Petroleum and Mineral Resources, is pushing PETROJET’s expansion into regional markets as the company signs a $22.7 million contract to connect Jordan’s Muwaqqar Industrial Development Area to the natural gas network.
BP
Reuters: Energean Eyes bp’s Egyptian Oil and Gas Assets
Energean, a London-based independent exploration and production company, is in exclusive talks to acquire some of British Petroleum (bp)’s upstream oil and gas assets in Egypt in a deal that could reach $1 billion, Reuters reported, citing two people involved in the process. The transaction includes bp’s stakes in the producing offshore West Nile Delta assets, which is jointly owned with Harbour Energy, the independent oil and gas company listed on the London Stock Exchange.
Petrojet
TAQA Arabia Enters Jordan With 14-Km Gas Pipeline Under $70 Mn Industrial Projects
TAQA Arabia has entered the Jordanian market by initiating a 14-kilometer natural gas pipeline project for Al-Rawdah Industrial City, part of two industrial-city gas projects backed by $70 million from the Abu Dhabi Fund for Development (ADFD).
Mining
Australia's Velox Eyes Mining Opportunities in Egypt
The Australian mining company, Velox Energy Materials, is looking to enter the Egyptian market and targets mining areas located within the Arabian-Nubian Shield, as it explores new investment opportunities in the sector, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). The plans were discussed during a meeting between Minister of Petroleum and Mineral Resources Karim Badawi and Velox Energy Materials CEO Nicole Morecombe in New Alamein, attended by Khaled Mortagy, Managing Partner and Chairman of Capital Limited, and Vincent Algar, a Velox board member.
