News / Egypt

Supreme Council of Energy Review Supply Security, Renewable Drive

Prime Minister Mostafa Madbouly convened the Supreme Council of Energy today to review the status of electricity, petroleum products, and natural gas supplies, according to a statement by the cabinet. During the session, the Council affirmed its commitment to securing energy requirements for national and industrial projects, ensuring operational sustainability while maximizing productive capacities. This strategic coordination is designed to bolster economic growth and accelerate the localization of domestic industry amidst prevailing regional and international challenges.
Attended by Minister of Petroleum and Mineral Resources Karim Badawi and Minister of Electricity and Renewable Energy Mahmoud Esmat, the session focused on securing the energy supplies required for diverse industrial activities.

EGPC Targets Production Leap, Energy Security

The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held a meeting to review measures for accelerating production and securing domestic energy supplies. During the meeting, conducted via Video conference, both EGPC CEO Salah Abdel Kerim and the Deputy CEO for Financial and Economic Affairs, Amal Tantawi, presented initiatives aimed at attracting new investments to the Gulf of Suez, the Mediterranean, and the Western Desert to increase petroleum and natural gas production.

Chaired by Karim Badawi, Minister o

New Technique Saves $500,000 in Bapetco’s BED 16‑33 Drilling

Badr Eldin Petroleum Company (Bapetco), a joint between Cheiron and the Egyptian General Petroleum Corporation (EGPC), have implemented an updated drilling system and well design in BED 16-33 well, reducing costs by nearly $500,000its and drilling time by about 10 days, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

Madbouly Outlines Energy Rationalization Plan Amid Global Price Surge

The energy consumption rationalization plan is still under evaluation to assess the savings it has achieved. Initial indicators suggest that during the first week, it resulted in savings of 18,000 megawatt-hours (MWh) of electricity, 3.5 million cubic meters (mmcm) of fuel, 4,700 MWh from remote work, and 980,000 cubic meters of fuel, Prime Minister Mostafa Madbouy noted in his speech before the Parliament on April 21, 2026.

Madbouly added that Egypt is accelerating its transition toward a balanced energy mix, with plans to integrate 2,500 megawatts (MW) of renewable capacity and 920 MW of battery storage into the unified grid within the 2026 calendar year. 

Petroleum Minister, Apache Discuss Boosting Western Desert Output

Karim Badawi , Minister of Petroleum and Mineral Resources, met with Greg McDaniel, Senior Vice President of International Assets and General Manager of Apache Egypt, to discuss ways to enhance joint cooperation and follow up on the progress of operations at the company’s production sites, focusing on improving operational efficiency and developing work mechanisms in concession areas.

Badawi, Eni Discuss Intensifying Exploration to Meet Rising Demand

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Diego Portoghese, Italy's Eni’s Head of North Africa and Levant Region, to review the company’s exploration and production activities in Egypt and explore avenues for strengthening bilateral cooperation, according to a statement by the Ministry.
During the meeting, Badawi commended the progress observed during his recent visit to the Meleiha fields in the Western Desert, in which Eni is a primary partner in the exploration, development, and production of hydrocarbons within the Meleiha concession.

Petroleum Air Services Boosts Sales 9.4% in 2025

Petroleum Air Services (PAS), a Cairo-based airline company, reported total sales of $161.3 million in 2025, up from $147.5 million in 2024. The company also recorded net profit before taxes of $45.9 million, compared to $40.7 million in 2024, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). PAS provides aerial and offshore services to oil and gas companies as well as commercial passenger services within Egypt and to regional cities.
This was revealed during the company’s general assembly meeting that was chaired by Karim Badawi, Minister of Petroleum and Mineral Resources.

Wadico Net Profit Triples in 2 Years

New Valley Company for Mineral Resources and Oil Clay (Wadico) reached EGP 2.8 billion in 2025, according to a statement by the Ministry of Petroleum and Mineral Resources( MoPMR). The statement didn't mention the corresponding figure for 2024.
The company’s net profits exceeded the one‑billion‑pound mark in 2025, up from EGP 340 million in 2023, achieving an exceptional growth rate of 195% over the two years, the company’s chairman, Amgad Ghoneim, stated during the general assembly meeting attended by Karim Badawi, Minister of Petroleum and Mineral Resources, to approve the results of operations for 2025.

ECMR Reports 39% Rise in Revenues in FY 2024/25

The Egyptian Company for Mineral Resources (ECMR) recorded a net profit of approximately EGP 1.2 billion for the 2024/2025 fiscal year (FY), representing a 178% increase over its target and a 102% rise compared to the previous year’s results.

These figures were revealed by Chairman Amr Eliwa during the general assembly meeting, chaired by Karim Badawi, Minister of Petroleum and Mineral Resources via video conference, to approve the company's year results.

Solar Leads Global Energy Growth as Electricity Demand Surges, IEA Says

The International Energy Agency (IEA) said solar power and battery storage reached record deployment levels in 2025, marking a structural shift toward a global “Age of Electricity,” according to its latest Global Energy Review 2026. Solar energy accounted for 25% of global energy supply growth—the largest share for any source—while overall energy demand growth slowed to 1.3%.

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