Karim Badawi, Minister of Petroleum and Mineral Resources, met with Axel Wabenhorst, Ambassador of Australia to Cairo to discuss investment cooperation opportunities between Egypt and Australia in the mining sector, as well as in the energy and natural gas domains.
Qalaa Holdings, a leader in energy and infrastructure, reported consolidated revenues of EGP 37.2 billion for the first quarter (Q1) of 2025, remaining stable compared to EGP 37.6 billion in the same period last year.
Abu Qir Fertilizers and Chemical Industries Company generated EGP 3.91 billion in revenues for the first quarter (Q1) of fiscal year (FY) 2025/2026, according to its unaudited statement disclosed to the Egyptian Stock Exchange. This marked an 8% increase compared to the same period last year, which amounted to EGP 3.62 billion.
Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a field visit to follow up on the commencement of seismic survey operations in the southern Western Desert, west of Assiut. The seismic survey, launched by Ganoub El Wadi Petroleum Holding Company (Ganope) in cooperation with Saudi Ardiseis, uses modern technology to collect data on oil and gas reservoirs. The survey covers vast areas exceeding 100,000 square kilometers, representing nearly 10% of Egypt’s total area.
The Minister of Petroleum and Mineral Resources, Karim Badawi met with a group of young and middle management professionals from across the petroleum and mineral resources sector, to support young talents and maintain continuous engagement with employees through open discussions that strengthen teamwork.
In a step toward expanding Egypt’s green energy portfolio, Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a $135 million long-term financing agreement for the Egyptian Bioethanol Company (EBIOL) project of the Egyptian Petrochemicals Holding Company (ECHEM) to be implemented in Damietta.Â
Alexandria Mineral Oils Company (AMOC) has announced its standalone and consolidated financial results for the three months period ending in September 30, 2025, recording a 27% increase in net sales compared to the same period last year.
Mohamed El-Shimy, Minister of Public Business Sector, met with a delegation from Siemens Energy to discuss potential areas of cooperation as well as explore investment opportunities and partnerships in several areas. These areas include fertilizer and aluminum industries, energy systems, and energy efficiency enhancement, with a particular focus on technology transfer, renewable energy, and carbon emissions reduction.
Egypt has encountered a gas-bearing layer at the Zohr-9 well in the Mediterranean Sea, with an output of about 70 million cubic feet per day (mmcf/d), according to Karim Badawi, Minister of Petroleum and Mineral Resources.
Badawi announced the completion of drilling operations of Zohr-9 well via Saipem 10000 drillship with full adherence to safety standards and the planned timetable, within the efforts to secure local market needs and reduce the natural gas import bill.
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with a delegation from the Egyptian oil services company, Maridive, to discuss its new investment plan for expanding the scope of its activities in Egypt to include oil production. Maridive seeks to leverage its technical expertise to enhance the efficiency and development of existing and mature oil fields, supporting Egypt’s efforts to boost domestic oil and natural gas production, noted a statement by the Ministry of Petroleum and Mineral Resources.
