PhPC Achieves 100% of Production Targets for FY 2025/26

• Sunday, 16th August 2026
• by Sarah Samir

Pharaonic Petroleum Company (PhPC) achieved 100% of its production target for fiscal year (FY) 2025/26, Hossam Zaki, the company’s Chairman, said, while outlining plans to increase natural gas and condensate production by maximizing the use of existing infrastructure.
The company is also preparing to bring the Tort-6 well in the Mediterranean onto production before the end of 2026, with a targeted output of approximately 40 mmcf/d of natural gas.

TAQA Arabia, TPDC, Africa50 Ink Gas Sales Deal for Tanzania’s First Small‑Scale LNG Project

• Sunday, 16th August 2026
• by Wael Hossam

TAQA Arabia, through its subsidiary Rosetta Energy Solutions, Tanzania Petroleum Development Corporation (TPDC), and Africa50, a pan‑African infrastructure investment platform, have signed a Gas Sales Agreement (GSA) for East Africa LNG (EALNG), the venture developing Tanzania’s first small-scale liquefied natural gas (LNG) facility.

Marina Petroleum, Oasis Petroleum Company Approve FY 2025/26 Results

• Sunday, 16th August 2026
• by Doaa Ashraf

Marina Petroleum and Oasis Petroleum Company (OAPCO) approved their financial results for FY 2025/26, with Marina Petroleum reporting $9.8 million in operational spending and advancing the Rizk-6 well and a $70 million five-year investment plan aimed at doubling production and reserves. Al Waha Petroleum maintained average daily production of 470 barrels of crude oil, spent $6.6 million on operations, and reduced carbon dioxide emissions by 25% year-on-year. Its solar power project has also reached 70% completion.

Egypt, El Sewedy Accelerate Phosphate Fertilizer Project

• Saturday, 15th August 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Ahmed El-Sewedy, President and CEO of El-Sewedy Electric, to discuss accelerating the implementation of a phosphate fertilizer plant in the Suez Canal Economic Zone, according to a ministry statement.

MoMPR Reviews Phosphate Projects to Raise Mineral Value

• Thursday, 13th August 2026
• by Wael Hossam

Minister of Petroleum and Mineral Resources, Karim Badawi, reviewed progress on several phosphate and phosphoric acid projects as the ministry seeks to develop higher-value industries across the country’s mineral resources.

EMC Wins $18.6 Mn Electrical Equipment Contract for Iraq’s Zubair Oil Field

• Thursday, 13th August 2026
• by Fatma Ahmed

EMC has secured an $18.6 million contract from Eni to supply electrical equipment for Iraq’s Zubair oil field, marking a new step in the Egyptian company’s international expansion.

Scatec Starts Full Operations at Egypt’s 1.1‑GW Obelisk Solar Project

• Thursday, 13th August 2026
• by Doaa Ashraf

Scatec has reached the Commercial Operations Date (COD) for the second and final phase of its 1.1-gigawatt (GW) Obelisk solar and battery storage project in Egypt, bringing Africa's largest hybrid solar project into operation.

The project is expected to generate more than 3,000 GWh of electricity annually which will be supplied to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement (PPA) denominated in USD. The project will also reduce carbon dioxide emissions by more than 1.2 million tons per year (mt/y), according to the company.

Badawi, Abdelatty Discuss Boosting Petroleum Investment

• Thursday, 13th August 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources met on August 12 with Badr Abdelatty ,Minister of Foreign Affairs, Emigration and Expatriates to discuss joint efforts to promote investment opportunities in Egypt’s oil, gas and mining sectors.

OPEC: Global Oil Demand Growth to Accelerate to 2.2 mmbbl/d in 2027

• Thursday, 13th August 2026
• by Fatma Ahmed

OPEC expects global oil demand to grow by 0.6 million b/d in 2026 and accelerate to 2.2 million b/d in 2027, while non-DoC liquids production is forecast to increase by 0.6 million b/d in both years.

MOC 2026 to Bring 10,000 Participants to Alexandria for Energy Conference

• Wednesday, 12th August 2026
• by Wael Hossam

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, reviewed preparations for MOC 2026, which will bring energy companies, government officials and industry experts to Alexandria from October 20 to 22.