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.
Prime Minister Mostafa Madbouly announced a new discovery in the King Mariout area in the northern Mediterranean made by bp.
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.
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.
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.
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.
Cairo Oil Refining Company (CORC) Chairman Wael Rizk announced that the company targets an investment budget estimated at EGP4.471 billion during the next fiscal year (FY) 2025/26 which will be dedicated to implementing replacement and renewal projects as well as occupational health and safety, and environmental protection projects.
Assiut Oil Refining Company (ASORC) Chairman, Maged El-Kordy, stated that ASORC aims in its investment budget of the next fiscal year (FY) 2025/26 to refine 4.2 million tons of crude oil with the aim of fully exploiting the company's refining capacities to contribute to meeting local market demands.
Suez Oil Processing Company (SOPC) Chairman Hesham Fathy reviewed the company's targets and investments during the next fiscal year (FY) 2025/25 to enhance production performance.
Nasr Petroleum Company (NPC) Chairman Mohamed Abdullah stated that his company has implemented development health, safety, and environment (HSE) systems and provided its facilities with the latest early warning and automatic fire extinguishing systems.
