Maridive Secures Contract in UAE, Sees its Consolidated profits doubling in 9M 2025

• Monday, 15th December 2025
• by Doaa Ashraf

Maridive & Oil Services has signed a three-year contract to provide exploration, maintenance, and production support services in the UAE. The contract, finalized by Maridive Offshore Projects, a subsidiary of the company,  will come into force in the first quarter of 2026 and carries an annual value of $8.95 million, according to a disclosure to the Egyptian Stock Exchange (EGX).

Earlier this month, Maridive & Oil Services secured a 15-year contract in Qatar to provide maintenance and production support services, with operations set to begin in Q1 2028 and an annual contract value of $10.15 million.

Qatar Invests $200 Million in Sustainable Aviation Fuel Plant at SCZONE

• Monday, 15th December 2025
• by Fatma Ahmed

Qatar is investing $200 million to build a Sustainable Aviation Fuel (SAF) production facility in the Ain Sokhna Integrated Zone, marking the first Qatari industrial investment in the Suez Canal Economic Zone (SCZone). The project, led by Al Mana Holding Company, will use cooking oils to produce 200,000 tons annually of hydrotreated vegetable oil (HVO), biopropane, and bionaphtha, all linked to SAF.

Prime Minister Mostafa Madbouly witnessed the signing of the landmark contract at the government headquarters in the New  Capital, according to a cabinet statement. The agreement was signed between the SCZone Authority and Al Mana Holding in the presence of Walid Gamal El-Din, Chairman of SCZone; Mustafa Sheikhoun, Vice Chairman of the SCZONE, together with Abdulaziz Al Mana, CEO of Al Mana Holding Group and Chairman of the Green Sky Capital, a SAF platform focused on developing renewable fuel projects across the Middle East and North Africa (MENA), with the Egyptian facility serving as its inaugural project.​

Egypt Wins Two OAPEC Research Awards

• Monday, 15th December 2025
• by Doaa Ashraf

Egypt won two OAPEC Scientific Research Awards for 2024 at the Organization of Arab Petroleum Exporting Countries’ ministerial meeting in Kuwait, recognizing Egyptian studies on converting greenhouse gases into sustainable aviation fuel and on integrating renewable energy technologies. During the meeting, Petroleum Minister Karim Badawi also outlined a set of initiatives to strengthen Arab energy security, including the preparation of an Arab Energy Interconnection Map 2030, mechanisms for emergency coordination of crude oil and LNG supplies, expanded cross-border storage, and the launch of a digital platform to promote investment opportunities across the energy value chain.

EKH Explore Expanding Investments Across Egypt’s Energy, Mining Sectors

• Monday, 15th December 2025
• by Fatma Ahmed

On the sidelines of his visit to Kuwait to attend the meetings of the Organization of Arab Petroleum Exporting Countries (OAPEC)  Karim Badawi, Minister of Petroleum and Mineral Resources, met with Loay Jassim Al-Kharafi, Chairman of the Egyptian-Kuwaiti Holding Company (EKH) to explore new investment opportunities for the company in Egypt. Among these opportunities are:  cooperation in upgrading refineries, natural gas processing, LPG and condensate projects, and petrochemical expansions.

Also, opportunities for the EKH  to participate in green hydrogen, green ammonia, and renewable energy projects were discussed.

EOGC 2025 Opens Today as Egypt unveils New Oil and Gas Course

• Thursday, 11th December 2025
• by Sherine Samir

The 11th edition of the Egypt Oil and Gas Convention (EOGC2025)  has just commenced, gathering senior government officials and industry leaders in one room to address the strategic challenges facing Egypt’s oil and gas sector and draw a path forward.

 The EOGC 2025 aims to streamline industry dialogue, innovation, and strategic collaboration through in-depth panel discussions, insightful presentations, and an engaging live interview with H.E. Karim Badawi, the Minister of Petroleum and Mineral Resources, to highlight the challenges and developments the sector has faced since he came into office a year ago.

Dana Gas Unveils Major Discovery in Nile Delta

• Thursday, 11th December 2025
• by Doaa Ashraf

Under its $100 million investment plan in Egypt, Dana Gas PJSC made a new gas discovery in the Nile Delta with initial reserves estimated at 15–25 billion cubic feet (bcf). The discovery came as El Wastani Petroleum Company (WASCO), a joint venture between Dana Gas and the Egyptian Natural Gas Holding Company (EGAS), successfully drilled the North El-Basant 1 exploratory well in the onshore Nile Delta, according to a Dana Gas press release.

The company expects the well to produce in excess of 8 million standard cubic feet per day (mmscfd) after being connected to Egypt's natural gas grid, reinforcing the strategic role of the Nile Delta in meeting growing local demand, the release noted.

Shell to Buy Full Output of Egypt’s First SAF Plant

• Wednesday, 10th December 2025
• by Doaa Ashraf

Shell has signed a long-term agreement to purchase 100% of the sustainable aviation fuel (SAF) output from Green Sky Capital, providing the commercial certainty needed to construct Egypt’s first commercial-scale SAF facility.

The plant, which is being developed by Green Sky Capital in the Suez Canal Economic Zone, is expected to commence operations by the end of 2027. It is designed to produce up to 145,000 tons per year (t/y) of SAF, along with bionaphtha and biopropane, helping to reduce carbon dioxide equivalent emissions by up to 500,000 t/y.

Egypt and EBRD Discuss Financing for National Aeiral Survey

• Wednesday, 10th December 2025
• by Doaa Ashraf

Egypt is advancing discussions with the European Bank for Reconstruction and Development (EBRD) to secure financing for a national aerial survey project aimed at mapping the country's mineral potential, according to a statement from the Ministry of Petroleum and Mineral Resources. The talks took place during a meeting between Minister of Petroleum and Mineral Resources Karim Badawi and an EBRD delegation, where both parties explored enhanced cooperation across the petroleum and mining sectors, according to a statement from the Ministry of Petroleum and Mineral Resources (MoPMR).

Arab and African Markets Next Stop for CARGAS

• Wednesday, 10th December 2025
• by Doaa Ashraf

Natural Gas Vehicles Company (CARGAS) is planning to expand into several Arab and African markets through new vehicle conversion centers and modern fueling stations capable of transporting compressed natural gas to areas beyond pipeline networks, according to Chairman Khaled Raslan. The move follows a meeting of Karim Badawi, Minister of Petroleum and Mineral Resources with the company's leaders to discuss regional opportunities. Badawi praised CARGAS’ contribution to Egypt’s natural gas vehicle program, which has reduced gasoline consumption and supported lower import costs. In 2024, CARGAS has converted 258,000 vehicles, cut 44,000 tons of carbon emissions, sold 514 mcm of natural gas , and expanded its fueling network to 336 stations nationwide.

Scatec Signs Agreements for 1.1 GW Obelisk Hybrid Project in Egypt

• Tuesday, 9th December 2025
• by Doaa Ashraf

Norwegian firm Scatec signed on Monday shareholder agreements with Norfund and renewable energy developer EDF Power Solutions for a partnership in Egypt’s Obelisk hybrid project. The project, located in Nagaa Hammadi near Luxor, includes a 1.1-gigawatt (GW) solar plant and a 100-megawatt (MW) / 200-megawatt-hour (MWh) battery storage system.