Canada’s TAG Oil Reveals 2026 Drilling Plans in Western Desert

• Wednesday, 15th April 2026
• by Doaa Ashraf

Tag Oil, Canadian based international oil and gas exploration company, is preparing to drill a  T-200 vertical well in the Badr Oil Field (BED-1) concession located in the Western Desert in 2026, according to its first quarter (Q1) of 2026 operational update release.
Simultaneously, at the Southeast Ras Qattara (SERQ) concession, TAG Oil is launching a technical evaluation phase, including a Diagnostic Fracture Injectivity Test (DFIT) scheduled for Q2, to assess the commercial viability of unconventional reservoirs.

Badawi Targets Output Gains with Horizontal Drilling, Hydraulic Fracturing

• Wednesday, 15th April 2026
• by Samar Samir

In a high‑level meeting with senior executives from oil and gas companies, Petroleum and Mineral Resources Minister Karim Badawi announced plans to deploy horizontal drilling and hydraulic fracturing techniques to boost output.

Badawi confirmed the ministry’s readiness to apply these advanced technologies after establishing a favourable investment climate and introducing new incentive schemes for exploration and production firms.

Badawi highlighted these technologies' proven success in boosting production in other countries.

EBRD Funds New Solar, Battery Project in Aswan

• Wednesday, 15th April 2026
• by Samar Samir

The European Bank for Reconstruction and Development (EBRD) has extended a $65 million construction bridging loan to Egypt’s HAU Energy, a Joint Venture between the bank, Hassan Allam Utilities (HAU) and the asset management firm Meridiam, for the development of a new renewable energy project in Benban, near Aswan.

The bridging loan, which is a short-term loan to cover the project expenses till the project's financing is secured, will be used to finance the construction and installation of a 200 megawatt (MW) solar photovoltaic (PV) plant and a 120 megawatt-hour (MWh) battery energy storage system (BESS) in Benban, near Aswan, according to an EBRD statement.

The project is expected to cut carbon dioxide emissions by up to 280,000 tons annually, marking a significant step in Egypt’s renewable energy expansion. The new facility is designed to strengthen grid stability and reduce reliance on imported fuels, while advancing Egypt’s climate goals under Vision 2030.

Egypt to Temporary list 10 Petroleum Companies in Privatisation Push

• Wednesday, 15th April 2026
• by Samar Samir

Ten petroleum companies are set to be temporarily listed on the Egyptian Stock Exchange (EGX) under the government’s privatisation programme, following a meeting chaired by Prime Minister Mostafa Madbouly with Karim Badawi, Minister of Petroleum and Mineral Resources, and senior officials from the Cabinet and the ministry. 

The temporary listing gives companies six months to get their paperwork and finances in order before trading starts on their shares. 

Madbouly emphasised that the decision aligns with the State Ownership Policy, which seeks to expand the private sector’s role across key economic activities. He noted that the temporary listing of petroleum companies is intended to improve performance, enhance competitiveness, and attract new investments.

The State Ownership Policy is the strategic framework revealed in 2022  to limit the state’s role in the economy by identifying specific sectors for total or partial divestment to increase private sector participation to 65% of total investments.

TotalEnergies Eyes Western Mediterranean Gas Potential

• Wednesday, 15th April 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, met with a delegation from France’s TotalEnergies to discuss investment opportunities in the deep waters of the Western Mediterranean, specifically within the Herodotus Basin.

Badawi Urges Tanmia to Expand Role in Early Production Facilities

• Tuesday, 14th April 2026
• by Sarah Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, underscored the importance of maximising the capabilities of Tanmia Petroleum Company in implementing Early Production Facilities (EPFs) to accelerate the addition of wells to the production map and support plans for the development of mature fields.

Tanmia, a state‑owned service provider, focuses on EPFs—plants that let new oil and gas fields start producing before full facilities are built. By deploying EPFs, Tanmia helps operators achieve “first oil” more quickly, generate early cash flow, and collect reservoir data while permanent facilities are under construction.

ANOPC Diesel Complex Nears Completion, Trial Run by End‑2026

• Tuesday, 14th April 2026
• by Doaa Ashraf

Assiut National Oil Processing Company (ANOPC) reported that the construction work in its diesel production complex is almost  88% complete, with trial operations scheduled to begin by the end of 2026. The project is designed to reduce Egypt’s fuel import bill and supply Euro 5‑compliant diesel—cleaner fuel that meets European limits on harmful emissions—to the domestic market, according to the Ministry of Petroleum and Mineral Resources (MoPMR). 

ANOPC Chairman Mohamed Abdullah told the company's general assembly meeting, convened via video conference and chaired by Karim Badawi, minister of Petroleum and Mineral Resources, that the facility will process fuel oil, diesel, and kerosene from the Assiut Oil Refining Company into higher-value products adding that the project aims to realize self-efficiency of diesel in Upper Egypt.

PetroGulf Output Surges 56 % to highest level since 1982

• Tuesday, 14th April 2026
• by Sarah Samir

PetroGulf, a subsidiary of Ganoub El Wadi Petroleum Holding Company (Ganope), has increased output from its Gulf of Suez Fields to its highest level since its inception in 1982. The output currently stands at 26,600 barrels per day (bbl/d) marking a 56 % hike compared with earlier levels in the current fiscal year 2025/2026.
The jump was driven by an unprecedented production surge of about 10,000 barrels per day within just five months, following the implementation of a successful work plan, noted a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

Petromaint Records its Highest Ever Revenues in 2025

• Sunday, 12th April 2026
• by Fatma Ahmed

The Alexandria Petroleum Maintenance Company (Petromaint) recorded its highest-ever revenues in 2025, rising by 56% year-on-year (YoY) to EGP 11.8 billion, compared to EGP 7.6 billion in 2024. The results, which were approved during the company’s general assembly, reflect strong confidence in its specialized workforce and technical capabilities.

EMC Doubles Operating Profits to EGP 1.57 Billion in 2025

• Sunday, 12th April 2026
• by Fatma Ahmed

The Egyptian Maintenance Company (EMC) reported exceptional operational and financial results in 2025, with revenues rising by 31% to EGP 16.7 billion, while new contracts increased by 27% to EGP 19.6 billion, according to Mohsen Kotb, the company's chairman. Operating profits more than doubled to EGP 1.57 billion, compared to EGP 700 million in 2024, marking the highest growth rate in the company’s history, Kotb stated during the company’s general assembly.