Officials from the Ministry of Petroleum and Mineral Resources (MoPMR) conducted an inspection visit to the phosphate production sites of the New Valley Mineral Resources and Oil Shale Company (Wadico) in the El Shaghab area of Edfu, Aswan Governorate, as part of the ministry's strategy to advance Egypt's mining sector.
North Bahariya Petroleum Company (NORPETCO) has completed its first development well under its fiscal year (FY) 2026/2027 drilling program, reaching the target depth four days ahead of schedule and saving an estimated $250,000.
The Abrar-98 well, located in the company's Western Desert concession, reached its final depth in just nine days, compared with the planned 13 days, according to the company’s statement.
Samir Raslan, Chairman of the South Valley Egyptian Petroleum Holding Company (Ganope), conducted a field visit to the Esh El-Mallaha Petroleum Company's fields in the Eastern Desert to monitor progress and review execution rates for drilling and production programs.
The visit featured a workshop attended by representatives from Esh El-Mallaha Petroleum Company, PetroGulf, PetroNefertiti, Magawish, and PetroAmir, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
Sayed Selim, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), visited the headquarters of the Egyptian Company for Gas Appliances Maintenance (Sianco) to review performance, recent developments in expansion and development plans, and service quality.
The Mineral Resources and Mining Industries Authority’s (MRMIA) marketing and promotion team, led by Mervat Mostafa, traveled to Perth, Western Australia, a global hub for the mining industry.
ASEC Company for Mining (ASCOM), a regional mining company, reported net profits in both its standalone and consolidated financial statements for the fiscal year ended December 31, 2025.
The Egyptian Refining Company (ERC), a leading Egyptian privately owned refinery, continued to run above its nameplate capacity and benefited from stronger refining spreads amid geopolitical volatility in global energy markets during 2025. The refinery posted US dollar‑denominated revenues of EGP 30.7 billion in the fourth quarter of 2025 and reported no outstanding receivables, with EGPC current on all payments, according to a press statement by Qalaa Group, ERC's parent company. The statement also outlined Qalaa’s overall financial performance for the year.
The Egyptian General Petroleum Corporation (EGPC) hosted a meeting with several exploration managers from joint venture companies (JVs) to review exploration and appraisal activities as well as discuss the petroleum sector’s five-year plan to boost hydrocarbon production and reserves.
Burullus Gas Company aims to increase gas output from some of its wells by 40-60 million cubic feet per day (mmcf/d) starting in September through acid stimulation, a well-intervention technique that involves pumping acid into the reservoir to improve natural gas flow into the wellbore, Mohamed Deghidy, the Company Chairman, told a meeting of senior Gas industry officials.
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), inspected development at the Agroud storage facility.
