Madbouly inspects SUMED Petroleum Port at Ain Sokhna
Egyptian Prime Minister Mostafa Madbouly conducted a tour of the SUMED Petroleum Port, inspecting the port’s petroleum products and liquefied natural gas (LNG) handling and storage terminal.
News / Egypt
Sulnox, Pan Marine Partner to Distribute Eco Fuel in Egypt
Sulnox Group Plc, a UK-based greentech company, has signed a distribution agreement with Pan Marine Petroleum Services (Pan Marine). The collaboration integrates Sulnox’s fuel-saving and emission-reducing technology with Pan Marine’s nationwide distribution network, according to a press release on the agreement.
Pan Marine, a leading integrated maritime and energy services provider in Egypt with strong nationwide distribution capabilities, serves nearly 1,500 clients across more than 20 locations nationwide. The company will market Sulnox Eco, a 100% organic, biodegradable fuel conditioner, through its established platforms, which have previously scaled major brands such as Castrol, a global producer of premium automotive and industrial lubricants.
Sulnox Eco is designed to improve combustion efficiency and storage stability for both traditional fuels and biofuel blends. This is increasingly relevant as shipping companies adopt biofuels to meet tougher European Union (EU) emissions rules for journeys between Asia and Europe, noted the press release.
The collaboration integrates Sulnox’s fuel-saving and emission-reducing technology with Pan Marine’s nationwide distribution network in Egypt. Pan Marine, a maritime and energy services provider partnered with bp, Shell, and ENI, serves nearly 1,500 clients across more than 20 locations.
Cabinet Approves Egypt’s First Airborne Mineral Survey in 40 Years
During its weekly meeting, the Cabinet approved request from the Mineral Resources and Mining Industries Authority (MRMIA) to contract a specialized company to conduct a nationwide airborne geophysical survey covering Egypt.
The project will cover six geographic zones and aims to provide accurate and updated data on Egypt’s mineral resources, including their size and locations to push investments in the mining sector and maximize the economic potential of Egypt’s mineral wealth.
Egypt to Integrate 2,500 MW of Renewables Ahead of Summer 2026
Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy. This announcement follows a high-level meeting between President Abdel Fattah El-Sisi, Prime Minister Moustafa Madbouly, and the Ministers of Petroleum and Electricity to review scenarios for ensuring the stability and continuity of power generation nationwide.
TAQA Arabia Net Profit Jumps 50% to EGP 1 Bn in 2025
TAQA Arabia, Egypt’s leading private-sector energy distribution group, recorded a 50% year-on-year (YoY) increase in net profit for the fiscal year (FY) ending December 31, 2025, reaching EGP 1.05 billion (Bn), marking the first time the Group's profits exceeded the EGP 1 billion profit threshold.
The Group’s consolidated revenues rose by 35% YoY to EGP 25.6 billion. This growth was driven by improved operational performance across its four business sectors: petroleum, natural gas, power, and water sectors, alongside the contribution of newly commissioned projects, according to the group's earnings release.
Petrobel, EGAS Review Zohr Infrastructure Upgrades
The current status of activities and projects related to the gas production infrastructure at the Zohr field, including upgrades to the field’s offshore pipelines, was discussed in a meeting that included Sayed Selim, Executive Managing Director of Egyptian Natural Gas Holding Company (EGAS), with Tharwat El Gendy, Chairman of Belayim Petroleum Company (Petrobel).
The meeting also reviewed plans for developing and improving the field's gas treatment system through the Floating Processing Unit (FPU) project.
Zohr Field, the largest gas discovery in the Mediterranean Sea, is developed by Italy’s Eni, along with partners including Rosneft, BP, and Mubadala Energy. Petrobel, a joint venture between Eni and the Egyptian General Petroleum Corporation, acts as the operator of the field on behalf of the partners.
Madbouly: No Power Outages or Gas Shorages to Factories during Israel–Iran Conflict
The government had accounted for all scenarios to prevent power outages during the Israel-Iran war, said Prime Minister Mostafa Madbouly, while stressing that the state has already taken significant measures, including securing essential supplies of gas, petroleum, and other energy resources to safeguard stability across the sector.
Badawi, Chevron Advance Talks on Aphrodite Gas Pipeline
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Basil Allam, Country Manager of Chevron Cyprus, via video conference to coordinate the executive steps for connecting the Cypriot Aphrodite gas field to Egypt’s infrastructure. The project aims to facilitate the transport of gas to Egyptian liquefaction plants for eventual re-export to international markets.
Badawi Presents New Technologies, Contract Framework to Boost Production
Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the sector’s five-year plan to increase oil and gas production includes implementing new contractual frameworks aimed at attracting further investments alongside expanding the use of unconventional drilling methods and the latest production technologies.
Badawi highlighted the importance of conducting comprehensive technical and economic feasibility studies as part of the plan, noting that such studies provide geological and financial data that help investors make well-informed investment decisions based on clear foundations.
The remarks came during a meeting with heads and representatives of investment partners involved in oil and gas production from both international and local companies. They reviewed and discussed key features of the plan.
Valmore Holding Revenues Grow 24% YoY in 2025
Valmore Holding, previously known as Egypt Kuwait Holding, reported its financial results for the fiscal year (FY) 2025, with revenues rising 24% year-on-year (YoY) to $685 million. Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 26% YoY to $322 million. At the same time, net profit remained broadly stable at $186 million, compared with the previous year, boosted by one-off foreign exchange gains of $54.5 million.
