Egypt ranked among the world's leading producers of kaolin and talc in the World Mining Data 2026 report, reflecting strong growth in mineral output. Building on this momentum, the government launched the Open Blocks System to attract investment, expand mineral exploration, and promote value-added mining industries.
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), inspected Shell Global's drilling operations at the "Velox-1X" exploratory well aboard the drilling vessel Stena IceMax in the North Cleopatra area of the Herodotus Basin in the Mediterranean Sea.The Drilling operations, which will reach a depth of 6,000 meters- the deepest offshore well in the region-, will be undertaken by Shell in cooperation with Chevron, Tharwa Petroleum, the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy.
The Cabinet granted golden licenses for two Battery Energy Storage System (BESS) projects operated by Nefertiti Energy Storage Batteries Company and Horus Energy Storage Batteries at the Benban area in Aswan governorate.
The Golden license is a one-stop approval given to major investment projects. It allows investors to build, run, and manage a business using a single document, replacing dozens of permits from different government offices
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), paid a surprise visit to Misr Petroleum Company’s depot in Mansoura, Dakahleya Governorate, to inspect operations and assess the efficiency of petroleum receipt and delivery, shipping points, procedures, firefighting systems, and compliance with occupational health and safety standards during loading activities.
The rate of change in prices of the household electricity, natural gas, and other fuels index registered a marginal 0.1% month-on-month increase in June 2026 compared to 2.0% in May, according to the monthly bulletin of the consumer price index (CPI) for June 2026 by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt is one step closer to realizing its ambitious civilian nuclear program by installing the reactor pressure vessel (RPV) for Unit 2 at the El Dabaa Nuclear Power Plant. This installation is significant, as it follows the successful placement of the same equipment for Unit 1 just seven months earlier, according to a statement by the Cabinet.
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a new round of leadership transfers across the petroleum sector as part of the ministry's strategy to maximize the utilization of talent and expertise and enhance competencies across the sector.
Preliminary indicators point to growing interest from Egyptian and international mining companies in the investment opportunities in gold, minerals, and ores recently offered under the Open Blocks Licensing Program (OBLP), Minister of Petroleum and Mineral Resources Karim Badawi affirmed.
In a meeting with Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), to review the status of applications, Badawi noted that investor appetite reflects rising confidence in Egypt’s mining investment climate, according to a statement by the Ministry. The OBLP, introduced by the MoPMR in 2024, enables companies to nominate and bid for exploration opportunities in oil, gas and mining sectors without waiting for scheduled bid rounds, providing continuous access to investment prospects.
The board of the Egyptian private equity group, B Investments Holding, has approved the divestment of its stake in Infinity Solar power projects (Infinity Solar 1, 2, and 3) in Benban Solar Park for $8.25 million, marking a full exit from renewables. The Board also authorized Hazem Barakat, the company's Chairman, to undertake all necessary actions and legal procedures to finalize the transaction, the company said in a disclosure to the Egyptian Stock Exchange (EGX).
The company acquired the three power plants in 2017 through a partnership with Egypt’s Infinity Solar Energy and international developer Ib Vogt. The project, which has a combined capacity of 130 MW, was financed through a mix of equity and debt provided by international development institutions, including the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), according to B Investments website. The total investments in the project -by B Investments and its partners- stood at $190 million. The share of Binvestments in this sum is unclear.
Egypt's installed renewable energy capacity has reached 9,516 megawatts (MW), supported by 500 megawatt-hour (MWh) of battery energy storage, Mahmoud Esmat Minister of Electricity and Renewable Energy announced during a Cabinet meeting chaired by Prime Minister Mostafa Madbouly.
The installed renewable energy capacity comprises 2,982 MW of hydropower, 3,500 MW of solar energy, and 3,034 MW of wind energy.
