Egypt, EU Sign €90 Mn Grant Deal to Upgrade Power Grid

• Tuesday, 10th February 2026
• by Doaa Ashraf

During the EU Conference in Cairo about Egypt’s sustainable energy outlook 2040, Egypt and the European Union has signed a grant agreement worth €90 million that will be managed by the European Investment Bank to enhance investments in the electricity grid in Egypt and develop renewable energy capabilities. In addition, a separate €35 million grant agreement was signed for Norway’s Scatec to support its green ammonia project in Ain Sokhna, according to the Cabinet’s statement.

Egypt, EU Talk Energy Transition during Egypt Sustainable Energy Outlook 2040 Conference

• Tuesday, 10th February 2026
• by Sarah Samir

In cooperation with the government of Egypt the European Union (EU) co-hosted the Egypt Sustainable Energy Outlook 2040 Conference, entitled ‘Cooperation for Shared Properity’, in the Manial Palace in Egypt, within the framework of the strong partnership between Egypt and the EU.

Badawi Approves EGP 10 Bn Capital Budget for Alexandria Petroleum Company

• Tuesday, 10th February 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, has approved the investment plans for the Alexandria Petroleum Company (APC) and the Amreya Petroleum Refining Company (APRC) for the fiscal year (FY) of 2026/2027. This came during the general assembly meetings of the two companies.

APC has allocated  EGP 10 billion for investments in the upcoming FY, while APRC is advancing its investment allocation toward several high-impact projects that will boost the output of benzene and gasoline, directly contributing to a stronger bottom line and higher net profit.

Badawi Talks Mining Sector Potential at Mining Indaba 2026

• Tuesday, 10th February 2026
• by Sarah Samir

Representing Egypt at the African Mining Indaba 2026, Karim Badawi, Minister of Petroleum and Mineral Resources delivered a recorded speech at the Egypt Country Showcase. The Minister stated that Egypt views mining as a strategic pillar for economic diversification and industrial localization, through the Ministry's third strategic pillar aimed at relaunching the Mining Sector’s potential and increasing its contribution to the GDP from approximately 1% to 6%.

Egypt Partners with Global Oil Majors to Double Production in Five Years

• Monday, 9th February 2026
• by Sarah Samir

Minister of Petroleum and Mineral Resources Karim Badawi has held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and EXPRO in Egypt to establish a new technical framework for doubling Egypt's domestic crude oil production over the next five years.

MoMPR Showcases Gold, Critical Mineral Opportunities to Investors at African Mining Indaba

• Monday, 9th February 2026
• by Doaa Ashraf

 A delegation of the Ministry of Petroleum and Mineral Resources met with Asimwe Kabunga, Founder and Executive Chairman of Australian Resource Minerals International Limited and officials from Abu Dhabi Ports Group. The meetings, which came on the sidelines of the African Mining Indaba conference in South Africa, highlighted investment opportunities in Egypt's mining sector, supported by mineral resources, infrastructure, and energy sources, as well as recent reforms that have helped create a more competitive and investor-friendly environment, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
The petroleum ministry noted in its statement that discussions focused on investment opportunities in gold exploration and in critical and strategic minerals seen as key to the future of the global economy..

MoPMR Discusses Mining Incentives, Licensing with Global Investors in Cape Town

• Monday, 9th February 2026
• by Samar Samir

Representatives of the  Egyptian Ministry of Petroleum and Mineral Resources (MoPMR) held talks with Australian and Canadian mining investors to discuss expanding exploration activities in the Eastern Desert. The discussions, taking place during the Investing in African Mining conference in South Africa, focused on streamlining licensing procedures and leveraging international expertise to modernize Egypt’s mining infrastructure.

Egypt Highlights Mining Reforms,Potential in Africa’s Indaba Conference

• Sunday, 8th February 2026
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources is participating with a high-level delegation in the activities of Africa’s Mining Indaba 2026 conference, held in Cape Town, South Africa, from February 9th to 12th.
Egypt's participation in this year's edition comes within the framework of promoting the new investment climate in the mining sector and showcasing the structural reforms and investment incentives recently implemented by the Ministry. It also aims to highlight legislative amendments designed to streamline procedures and attract major international corporations, as well as medium and small-sized companies, in the field of gold and mineral exploration and exploitation.

EGPC Outlines Strategic Priorities for Egypt’s Oil and Gas Sector

• Sunday, 8th February 2026
• by Sarah Samir

Within the framework of the Ministry of Petroleum and Mineral Resources' directives, the Egyptian General Petroleum Corporation (EGPC) organized an extensive meeting that included the new chairmen and operations managers of petroleum sector companies, alongside several supporting companies.

Dana Gas Posts $130 Mn Profits in 2025, Bets on Egypt’s Drilling Campaign to restore growth

• Sunday, 8th February 2026
• by Doaa Ashraf

Dana Gas, the Middle East’s largest regional private sector natural gas company, has reported a net profit of AED 476 million ($130 million) for the full year 2025 compared to AED 553 million ($151m) in 2024. While average Egyptian production declined 23% year-on-year to 12,600 boe/d due to natural field depletion, the company expects its 2026 drilling campaign to stabilize output and restore growth. Seven more wells are planned in Egypt in 2026, with the Daffodil exploration well already spudded in January.