Egypt’s Abu Marawat Gold Project Set for 2027 Launch

• Wednesday, 8th July 2026
• by Doaa Ashraf

Egypt's Abu Marawat Gold Project is on track to begin commercial production in 2027, marking a key milestone in the country's efforts to expand gold output, attract mining investments, and providing direct and indirect job opportunities, according to a petroleum ministry statement.

This target was highlighted during a session convened by Abu Marawat Gold Mines Company to review and discuss the Environmental and Social Impact Assessment (ESIA) for the project. The meeting complied with regulated legal procedures to engage relevant stakeholders and the local community before final regulatory approval. 

MoPMR Plans 62 EUG Investment Opportunities to Boost Upstream Sector

• Tuesday, 7th July 2026
• by Doaa Ashraf

The Ministry of Petroleum and Mineral Resources (MoPMR) plans to offer 62 investment opportunities through the Egypt Upstream Gateway (EUG). Karim Badawi, Minister of Petroleum and Mineral Resources, announced the plan during a meeting with the Coordination Committee of Parties' Youth Leaders and Politicians (CPYP), where he reviewed the petroleum sector's ongoing investment allocations, according to a statement by the MoPMR. 

EUG Opens NW Al Amal Block for Bidding Untill September 7

• Tuesday, 7th July 2026
• by Doaa Ashraf

The Egypt Upstream Gateway (EUG) has opened the NW Al Amal Block in the Gulf of Suez for bidding, with submissions accepted until September 7, according to a statement posted on its official LinkedIn page.

Badawi Explores AI Adoption with SLB to Boost Oil Production

• Monday, 6th July 2026
• by Tarek Abdallah

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice President of Digital Solutions, to discuss deploying advanced artificial intelligence (AI) applications across exploration, production, and operations.

Egypt Pitches Energy, Mining Investment Opportunities to Foreign Diplomats

• Sunday, 5th July 2026
• by Tarek Abdallah

Egypt stepped up efforts to attract foreign investment in its energy and mining sectors, as Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi discussed opportunities and recent developments in both sectors.

GUPCO Announces the Commissioning Phase 2 of the North Safa Field

• Sunday, 5th July 2026
• by Sarah Samir

The Gulf of Suez Petroleum Company (GUPCO) announced the commissioning of the second phase of the North Safa field development project in the Gulf of Suez, with investments from UAE’s Dragon Oil, in partnership with the Egyptian General Petroleum Corporation (EGPC), according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

Current production from the North Safa field amounts to about 15,000 barrels per day (bbl/d) through five producing wells. The company is preparing to add a new well to production in the coming days, as the first outcome of the project’s second phase, with an output of 2,500 bbl/d.

ANOPC Switches On First Station at Assiut Plant

• Sunday, 5th July 2026
• by Fatma Ahmed

In a key step toward launching Egypt's new diesel production complex, Assiut National Oil Processing Company (ANOPC) has successfully powered up its first electrical station, allowing the facility to begin its final testing and commissioning phase before going fully operational,  according to a statement by the Egyptian General Petroleum Corporation (EGPC) 

PMS Finalizes Key Offshore Installations at North Safa Field, Boosting Production Capacity

• Saturday, 4th July 2026
• by Tarek Abdallah

Petroleum Marine Services (PMS) completed offshore works for Phase Two of the North Safa Offshore Field Development Project in the Gulf of Suez. The company installed the offshore platform’s production deck, with production equipment and facilities.

Genel Energy Secures Egypt Foothold with $360 Mn Capricorn Takeover

• Thursday, 2nd July 2026
• by Sherine Samir

Genel Energy, a British oil and gas exploration and production company, is expanding into Egypt through a $360 million all-cash acquisition of Capricorn Energy, a strategic move aimed at diversifying beyond its disruption-prone oil assets in Iraqi Kurdistan, as reported by Reuters.
Capricorn Energy is an oil and gas explorer, developer, and producer with operations in several locations across the world, including Egypt’s Western Desert.

Badawi, Al Jaber Discuss Expanding ADNOC Investments in Egypt

• Thursday, 2nd July 2026
• by Tarek Abdallah

Minister of Petroleum and Mineral Resources, Karim Badawi, met Sultan Al Jaber, UAE's Minister of Industry and Advanced Technology and the CEO of Abu Dhabi National Oil Company (ADNOC) Group, to discuss increasing ADNOC investments in gas exploration and production activities in Egypt, while also expanding business opportunities for Egyptian engineering and construction companies, particularly ENPPI and Petrojet, in the UAE market.

The two sides reviewed the activities and plans of Arcius Energy, an ADNOC-BP joint venture, in Egypt. Arcius is targeting higher natural gas production through exploration programs, field development projects, and existing producing assets.