Scatec, a leading renewable energy solutions provider, has signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to develop a solar power plant with a total capacity of 1.95 gigawatts (GW) and a Battery Energy Storage System (BESS) to store the generated power with a capacity of 3.9 gigawatt-hours (GWh).
The Egyptian Mineral Resources and Mining Industries Authority (MRMIA) approved the issuance and renewal of 53 mineral exploration and exploitation licenses during the fourth quarter (Q4) of 2025. This regulatory action, covering the period from October to December, aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to streamline mining operations and enhance the economic value of the nation’s mineral wealth.
Minister of Petroleum and Mineral Resources Karim Badawi endorsed the approvals following a technical review by a specialized committee and the MRMIA Board of Directors, according to a statement by MoPMR.
Egypt has signed agreements worth over $1.8 billion with Norway’s Scatec and China’s Sungrow to develop two major renewable energy projects, marking a significant expansion of the nation’s green energy infrastructure, according to a statement by the Cabinet. Prime Minister Mostafa Madbouly attended the signing ceremony alongside senior government officials. The first project, titled "Energy Valley," will be developed by Scatec in Minya Governorate.
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), conducted a field visit to the Alexandria Petroleum Company (APC) and Middle East Oil Refinery (MIDOR) to review progress on asset optimization and operational efficiency projects, according to a statement by the Ministry of Petroleum and Mineral Resources. During a tour of APC, Abdel Kerim inspected the boiler rehabilitation project, a national initiative managed by a specialized team from the Cairo Oil Refining Company (CORC).
Drilling operations in four exploratory wells in the Western Desert yielded positive results, adding approximately 4,500 barrels per day (bbl/d) of crude oil and 2.6 million standard cubic feet per day (mmscf/d) of natural gas to domestic production, according to the Ministry of Petroleum and Mineral Resources (MoPMR)
Minister of Petroleum and Mineral Resources Karim Badawi met with Cypriot President Nikos Christodoulides to review the latest developments in the natural gas interconnection projects between the two nations to bolster regional energy security, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
In February, Egypt and Cyprus signed a memorandum of understanding (MoU) to transport gas from the Cypriot Cronos field, which holds 3.1 trillion cubic feet (tcf) of proven gas reserves, to be processed at Egypt’s Zohr field facilities, then liquefied at the Damietta LNG plant for export to European markets. Italy's Eni, which operates Zohr, also operates Cronos in partnership with the French TotalEnergies.Cyprus, which assumed the Presidency of the Council of the European Union on January 1, 2026, aims to bring the EU closer to Egypt, describing the country as a "strategic partner and pillar of stability," according to the Cyprus Mail.
UK Energy giant, bp, reaffirmed its commitment to boosting investments in Egypt, accelerating drilling programs, and turning discoveries into actual production on an accelerated pace.
bp has an ambitious plan to maximize Egypt’s promising geological potential and increase Arcius Energy (a joint venture between bp and ADNOC’s XRG) investments to develop gas resources in the coming period, the company's top executives told Karim Badawi, Minister of Petroleum and Mineral Resources during a meeting.
Rashid Petroleum Company (Rashpetco) revealed a five-year strategic plan (2025–2030), aiming to double its current natural gas production by fiscal year (FY) 2029/30.
A primary highlight of the strategy is the West Mena region, located offshore the Mediterranean, where drilling operations for the first well are scheduled to commence in February. The project targets an estimated production of 160 million standard cubic feet per day (mmscf/d) of natural gas and 1,900 barrels of condensate per day by the fourth quarter (Q4) of 2026.
The Ministry of Petroleum and Mineral Resources (MoPMR) has signed two Memoranda of Understanding (MoUs) with the Syrian Ministry of Energy to supply Syria with natural gas, petroleum products, and technical expertise. The MoUs were signed on the sidelines of Minister of Petroleum and Mineral Resources Karim Badawi’s meeting with a high-level Syrian delegation, headed by Deputy Minister of Energy for Oil Affairs Ghiath Diab, according to a statement by MoPMR.
Operating companies at the Gulf of Suez regions have gathered in a workshop to discuss strategies to improve performance and reduce costs of well drilling operations at the headquarters of the Gulf of Suez Petroleum Company (GUPCO). This came in line with the Ministry of Petroleum and Mineral Resources’ work strategy and the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, during his inspection visit to Belayim offshore 133 well in the Gulf of Suez, where he stressed the importance of enhancing drilling efficiency and lowering well costs.
