News / Egypt

MoPMR Denies Butane Shortage, Fuel Prices Increase

The Ministry of Petroleum and Mineral Resources (MoPMR) has denied circulated news of shortages in butane cylinders in some governorates, affirming that supplies are operating normally and that refineries continue to produce and supply butane to filling plants.
It also has repeated last week's denial of reports circulating on certain social media pages and websites regarding changes to fuel prices. The prices being promoted as new official prices are inaccurate and not based on any official decision

Egypt Forum 2026 to Showcase Energy Progress

A session entitled  “Egypt’s Energy Journey” will feature in the upcoming Egypt Forum 2026, to be held from October 19 to 24 in the New Administrative Capital to highlight developments across various sectors of the economy in recent years.
Prime Minister Mostafa Madbouly reviewed the topics to be covered during the session, among others,  during a meeting with a number of ministers as part of preparations for the forum, according to a Cabinet statement.

During the meeting, Madbouly stressed the importance of highlighting developments in the sector and government measures to secure the country’s energy needs and ensure sustainable supplies to various sectors.The session will also address efforts to improve energy efficiency, expand renewable energy sources, develop domestic resources, and attract further investment in the sector.

The forum, held from October 19 to 24 in the New Administrative Capital, aims to highlight achievements across various sectors in recent years including the energy sector. 

TAG Oil Drills to 4,102m, Eyes 500 mmbbls Oil Potential in Western Desert

TAG Oil, the Canadian oil and gas exploration company, has reached the targeted Abu Roash Formation (ARF) reservoir at Badr Oil Field (BED-1) in the Western Desert after drilling its T-200 well to 4,102 meters (m). Test results for the initial production are expected in late October 2026, noted a press release by the company.

TAG Oil is developing the unconventional heavy oil potential of ARF in BED-1. An independent reserves evaluation indicates that the target formation may contain more than 500 million barrels  (mmbbls) of oil in place, according to the company.

Egypt Uses Oil, Gas Infrastructure to Link African Resources to Global Markets

Egypt is positioning its oil, gas, and mining infrastructure as a platform to connect African resources with regional and international markets, Minister of Petroleum and Mineral Resources Karim Badawi said.

EUG Spotlights Deepwater West El King Block in Egypt’s 2026 Bid Round

Egypt Upstream Gateway (EUG) has detailed the West El King offshore block, highlighting its deepwater setting, extensive seismic coverage, and proximity to gas discoveries in the North King Mariut Concession.
The concession is one of the 14 oil and gas exploration blocks included in Egypt’s 2026 international bid round launched by the Ministry of Petroleum and Mineral Resources (MoPMR) in August,

Egypt, WB Discuss Roadmap to Boost Mining Sector’s GDP Contribution

Egypt’s Ministry of Planning and Economic Development is working with the World Bank Group to prepare an integrated roadmap for developing the country’s mineral resources and increasing the mining sector’s contribution to gross domestic product (GDP). The discussions took place between Planning and Economic Development Minister Ahmed Rostom and Namrata Thapar, World Bank Group Global Director for Metals and Minerals.

Cabinet: Claims of $50m Energos Winter Repair Costs “Unfounded”

The Cabinet has denied reports claiming that Egypt will pay $50 million to repair the Energos Winter floating storage and regasification unit (FSRU), which was set on fire resulting from a drone attack at Damietta Port in July.

"The cabinet had contacted the Ministry of Petroleum and Mineral Resources (MoPMR), which confirmed that the reports were fabricated, misleading, and false," noted a statement published on the cabinet's social media platforms.

MRMIA, OZ Mining Review Gold Exploration in Egypt’s Eastern Desert

Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met Turkish company OZ Mining to review gold exploration cooperation in Egypt’s Eastern Desert and assess the potential for further work.

MRMIA Chairman Meets EBRD, World Bank to Build Mining Capacity

Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met representatives of the EBRD and World Bank to strengthen cooperation, secure support and build Egypt’s mining capabilities.

MRMIA, Sawiris Explore Fresh Gold Investment in Egypt

Egypt’s Mineral Resources and Mining Industries Authority Chairman Yasser Ramadan met In2Metals Chairman Naguib Sawiris to discuss expanding gold exploration and attracting fresh investment to Egypt’s Eastern Desert.

Page 1 of 1046

Popular Tags

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password