Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) has successfully brought four new natural gas wells onstream, with a combined production capacity of around 120 million standard cubic feet per day (mmscf/d), as part of its strategy to reduce gas import costs and enhance domestic production.
Alexandria Mineral Oils Company (AMOC) reported total sales of 808,000 tons, valued at nearly EGP 20 billion in the second half (H2) of 2025, marking a 14.5% growth rate, Chairman Magdy El-Kordy said during the company’s general assembly meeting to approve its financial results.
El-Kordy presented the company’s key performance indicators, noting that AMOC posted a net profit after tax of EGP 844 million during the period.
Prime Minister Moustafa Madbouly announced on Saturday, March 28, that Egypt is adopting a set of measures to rationalize energy consumption in response to soaring global prices triggered by the war in the Middle East. The measures include slowing the pace of execution of fuel‑intensive national projects for at least two months, cutting fuel allocations for government vehicles by 30%, and enforcing earlier closing hours for commercial outlets — 9:00 PM on weekdays and 10:00 PM on Thursdays and Fridays. Madbouly emphasized that these steps aim to ease pressure on the domestic energy market while safeguarding economic stability.
Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling vessel, which has recently entered Egypt's territorial waters to begin a five-well natural gas exploration program in the Mediterranean for both the British energy giant bp and ARCIUS Energy, the Joint Venture (JV) between bp and the UAE ADNOC Group.
According to Badawi, the investment commitments by International Oil Companies(IOC) reflect their confidence in the Egyptian investment climate, following a set of strategic reforms, on top of which come the regular payments of dues to IOCs. Last week, Badawi said all the dues will be fully settled by June.
The ninth edition of the Egypt International Energy Conference and Exhibition (EGYPES 2026) will commence on March 30, and run until April 1 under the patronage of President Abdel Fattah El-Sisi, bringing together global leaders to shape the future of energy at a time where geopolitical tensions, supply chain infrastructure vulnerabilities and shifting energy alliances are redefining energy security.
Considered the premier energy event in North Africa and the Mediterranean region, EGYPES aims to address this year the industry’s most pressing priorities, from regional stability and investment resilience to digital transformation, decarbonisation and the accelerating shift toward diversified, secure energy systems.
US Apache, in collaboration with the Egyptian General Petroleum Corporation (EGPC), has made a new natural gas discovery in the Western Desert. This achievement follows the drilling of the SKAL-1X exploratory well in the South Kalabsha area.
This comes as part of the ongoing efforts to stimulate investment, boost domestic natural gas production, and reduce the import bill.
ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells.
Egypt is working to settle all its outstanding dues to international partners in the oil and gas sector by the end of June, according to Karim Badawi, Minister of Petroleum and Mineral Resources.
Badawi pointed out that the Ministry of Petroleum and Mineral Resources (MoPMR) has been working to gradually reduce the dues from about $6.1 billion on 30 June 2024 to $1.3 billion currently, with the necessary coordination in place to fully settle them by 30 June 2026.
This comes in implementation of President Abdel Fattah El-Sisi’s directives to accelerate the settlement of partners’ dues, thereby strengthening confidence and encouraging the investment needed to increase domestic oil and gas production, and consequently reduce the import bill, noted a MoPMR statement.
Renergy Group has expressed interest in setting up a $1 billion hyperscale green data center in the El Tor area, Sinai Governorate. The facility will be integrated into the group’s broader $17 billion hybrid renewables project, according to a statement by the Ministry of Investment and Foreign Trade.
This came during a meeting between Mohamed Farid Saleh, Minister of Investment and Foreign Trade and Robert Falk, CEO of Renergy Group Consortium, to discuss developments in the hybrid renewables project. Combining green hydrogen, solar power, and energy storage batteries, as well as a hyperscale green data center, the project is Egypt’s largest green energy plant.
The Petroleum Projects and Technical Consultations Company (PETROJET) secured local and international contracts with a total value of EGP121 in Egypt and international markets in 2025, compared to EGP 112 billion in 2024, Chairman Waleed Lotfy told the company’s general assembly meeting.
Lotfy said the company continued to strengthen its position as a global contractor for project execution despite global and regional challenges, geopolitical volatility, and exceptional conditions affecting the contracting industry.
