Egypt could strengthen its position as a regional natural gas transit and export hub through a proposed route connecting Cypriot offshore supplies to European markets via existing infrastructure, rather than a dedicated subsea pipeline, Middle East Economic Survey (MEES) reported on October 16.
Egypt’s Fuel Automatic Pricing Committee (FAPC) has decided to keep domestic petroleum product prices unchanged for the third quarter (Q3) of 2026, according to a statement on October 15.
Khalda Petroleum Company, a joint venture (JV) between Apache and the Egyptian General Petroleum Corporation (EGPC), has brought its SKAL-02 development well online within 50 days of starting drilling, accelerating the development of natural gas and condensates from the Shifa formation, the company said on October 15.
Elsewedy Electric, Egyptian integrated energy solution company, has announced that its joint venture (JV) with Chinese Sinohydro has secured a $2.2 bn engineering, procurement, and construction (EPC) contract for the Rabigh 2 Independent Power Plant (IPP) expansion project in Saudi Arabia, Zawya reported on 14 October.
With the aim of attracting new investment and exploring innovative financing mechanisms in Egypt’s oil and gas sector, Petroleum Minister Karim Badawi and Investment Minister Mohamed Farid signed a cooperation protocol on 14 October, the Cabinet said.
Badawi described the agreement as a key step toward strengthening the financial, technical and competitive capacities of petroleum and mining companies through new financing tools, broader partnerships and improved asset management.
Farid stressed that the Ministry of Investment and its affiliated entities will contribute their investment, financing, and promotional expertise to make investment opportunities more attractive and broaden the pool of investors interested in the oil, gas, and mining sectors.
Khalda Petroleum Company, a joint venture (JV) between Apache and the Egyptian General Petroleum Corporation (EGPC), has improved its drilling performance by completing three consecutive wells within one month using a single rig, achieving a 17.7% reduction in costs, equivalent to $735,000, the company said on 14 October.
Egypt and Saudi Arabia are preparing to launch their 3,000-MW electricity interconnection project in the coming weeks, following ongoing trial operations of its second phase.
Aloke Lohia, CEO and founder of Indorama Ventures, a Thailand‑based global chemical group, voiced interest in expanding investments and operations in Egypt during talks with Foreign Minister Badr Abdelatty.
The meeting addressed the company's expansion plans and priorities in Egypt, as well as means to support their implementation and create favorable conditions for future projects.
Abdelatty expressed Egypt's interest in increasing the company's production capacity or introducing higher-value-added products to meet the needs of Egyptian industries, enhance the competitiveness of locally manufactured products, and boost exports. He also highlighted opportunities to expand partnerships with Egyptian counterparts in manufacturing and training.
The development of the Delta and Mediterranean fields took center stage at the second technical workshop for the 12th Egypt Oil & Gas Convention (EOGC 2026). Hosted on October 11 at Pharaonic Petroleum Company’s (PhPC) West Harbour field, the session followed the series kickoff held a few days earlier at the Badr-3 field in the Western Desert.
Organized in collaboration with the Egyptian General Petroleum Corporation (EGPC), the workshops provide a platform for field engineers working in comparable operating environments to exchange knowledge, share best practices, and address common technical and operational challenges.
TAG Oil, the Canadian oil and gas exploration company, has completed drilling its T-200 exploration well at the Badr Oil Field (BED-1) in Egypt’s Western Desert, reaching a total depth of 4,160 meters, according to a company press release issued on October 12.
