News / Egypt

United Energy (MENA) Limited & Apex International Energy L.P. Sign Sale and Purchase Agreement

United Energy Group Limited (UEG) and Apex International Energy L.P. (Apex) are thrilled to announce the signing of a sale and purchase agreement under which Apex’s upstream oil and gas exploration and production operations in Egypt will be acquired by United Energy (MENA) Limited as the buyer, with Kuwait Energy Plc as the guarantor. Both the buyer and the guarantor are wholly-owned subsidiaries of Hong Kong-based UEG. Under the terms of the agreement, United Energy (MENA) Limited has conditionally agreed to acquire the entire issued share capital of Apex International Energy Holdings I, the company which holds Apex’s Egyptian business.

EOG Committee’s Executive Board Reviews Strategic Plans for 2025 to Support the Industry

In a bid to explore challenges and production solutions in the oil and gas sector, the Egypt Oil & Gas (EOG) Committee's Task Force leaders gathered on Tuesday, February 4 to review the latest achievements in the sector and set strategic plans for 2025.

Badawi, AngloGold Ashanti CEO Hold Talks to Review Current Mining Agreement

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Alberto Calderon, CEO of AngloGold Ashanti reviewing the latest developments of the exploitation agreement the two parties had previously agreed upon, on the sidelines of their participation in the BEBA delegation.

Barrick Gold Looks Forward to Acquiring New Mining Concessions in Egypt

Mark Bristow, the President of Barrick Gold Investments, praised the efforts to develop Egypt’s mining sector, highlighting the company's interest in acquiring new concession areas in Egypt and expanding its assets.

Cabinet Approves 5 Draft Petroleum Agreements

The Cabinet approved five draft petroleum commitment agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the South Valley Egyptian Petroleum Holding Company (Ganope), and a number of international companies.

bp Achieves New Discovery at King Mariout

Prime Minister Mostafa Madbouly announced a new discovery in the King Mariout area in the northern Mediterranean made by bp.

Initiatives to Support Natural Gas as Car Fuel to be Launched Soon: Kouchouk

Minister of Finance Ahmed Kouchouk stated that the Ministry of Finance is committed to supporting local and foreign businesses in expanding green project financing to drive sustainable growth.

Five Egyptian Teams Gear Up for Shell Eco-marathon 2025 Regional Competition in Qatar

Shell Egypt is proud to announce the participation of 5 Egyptian university teams in the highly anticipated Shell Eco-marathon (SEM) Asia-Pacific and the Middle East 2025 regional competition, set to take place for the first time in the Middle East at the Lusail International Circuit in Doha, Qatar, from February 8-12, 2025.

APRC, APC Highlight HSE, Replacement Projects as Key Strategic Priorities for FY 2025/26

The health, safety, and environment (HSE) projects as well as the replacement and renewal projects came on the top priorities of the planning budget for Amreya Petroleum Refining Company (APRC) and Alexandria Petroleum Company (APC) during the fiscal year (FY) 2025/26.

Badawi Participates in Top Ministerial Panel Held During African Mining Indaba

Minister of Petroleum and Mineral Resources Karim Badawi participated as a speaker in the main ministerial session held during African Mining Indaba under the theme “Forging a United African Mining Front: Collaboration for Sustainable Development” in Cape Town between the period 3-6 February 2025.

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