Egypt Extends Eni Concession in Gulf of Suez and Nile Delta to 2040

• Thursday, 13th November 2025
• by Doaa Ashraf

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italy’s Eni, to extend the Gulf of Suez and Nile Delta concession until 2040. This extension allows for the full economic utilization of the available oil and gas potential within the concession area. Under the agreement, Eni will begin a new 3D seismic survey campaign to identify untapped resources, leveraging its specialized technologies and deep subsurface geological expertise.

Egypt, India Discuss Cooperation in Petrochemicals, Mining

• Thursday, 13th November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Jagat Prakash Nadda, India’s Minister of Health, Chemicals, and Fertilizers; Suresh K. Reddy, India’s Ambassador to Egypt; and a delegation of Indian company representatives to discuss cooperation and joint investments in the petrochemicals and mining industries. They agreed to form a joint working group to explore ways to deepen trade and industrial cooperation between Egypt and India.

Destiny Commits $210 Mn Investment to Egypt’s Green Hydrogen, Ammonia Output

• Wednesday, 12th November 2025
• by Doaa Ashraf

Singapore-based Destiny Energy plans to invest $210 million to build green hydrogen and green ammonia facilities in SCZONE, aiming to help Egypt meet EU's Carbon Border Adjustment Mechanism (CBAM) requirements.

TAQA Arabia records 40% Surge in Q3 Revenues

• Wednesday, 12th November 2025
• by Doaa Ashraf

Taqa Arabia Third Quarter (Q3) consolidated revenue leaped 40% to EGP 18 billion. The company's board also appointed former Petroleum Minister Tarek El Molla as Board Observer.

Qalaa Holding Eyes Debt Reduction, Investment in Subsidiaries

• Wednesday, 12th November 2025
• by Doaa Ashraf

Qalaa Holding studies issuing a $200 million convertible bond to pay down debt and inject capital into subsidiaries. The board also approved studying the the Initial Public Offering (IPO) of five units, including Dina Farms.

Global Energy Demand Slows as Renewables Surge, Egypt to Bring First Nuclear Plant Online by 2030: IEA

• Wednesday, 12th November 2025
• by Reem Hossam El-Dein

Global energy demand is expected to grow at its slowest pace in two decades as renewable power expands rapidly and fossil fuel consumption peaks before 2030, the International Energy Agency (IEA) said in its recently released World Energy Outlook 2025.

Egypt features prominently in the report, with the IEA noting that its El Dabaa nuclear power plant, North Africa’s first, is due to reach full capacity by 2030. The project underscores the push to strengthen Egypt’s role as a regional energy hub and reduce reliance on fossil fuels.

Egypt Gas Posts 25% Hike in Net Profit for 9m 2025

• Wednesday, 12th November 2025
• by Doaa Ashraf

Egypt Gas generated a net profit of EGP 225.2 million for the nine-month ending September 30, 2025, up from EGP 180.6 million during the same period in 2024, according to the company’s release to the Egyptian Stock Exchange.  

KIMA Net Profit Jumps 1,164.6% in Q1 FY2025/26

• Tuesday, 11th November 2025
• by Doaa Ashraf

The Egyptian Chemical Industries Company (KIMA) recorded a net profit after tax of approximately EGP 482.705 million during the first quarter (Q1) of the fiscal year (FY) 2025/2026, marking a 1,164.59% leap compared to its level in the same period of the previous year. The profit surge was driven primarily by higher revenues from sales and foreign currency differences.

Egypt, Chinese Envision Energy to Establish Green Ammonia Plant in Suez


• Tuesday, 11th November 2025
• by Reem Hossam El-Dein

Egypt’s Ministry of Public Enterprise Sector has announced progress in developing a major green ammonia production facility in Suez, following high-level talks between Minister Mohamed El-Shimy and executives from Envision Energy, a Chinese company specialized in wind turbines manufacturing, and Benchmark Power International, an investment platform focused on integrating renewable energy into green hydrogen.

EGPC Follows up on Petrobakr Operations, Sustainability Plans

• Tuesday, 11th November 2025
• by Doaa Ashraf

Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), visited Petrobakr Petroleum Company, a joint venture between EGPC and Vaalco Energy, to follow up on the implementation of work plans and to motivate employees and encourage them to exert efforts to meet the Ministry of Petroleum’s goals to increase Egypt’s oil and natural gas production. The visit highlighted ongoing projects including the operation of two wells powered by solar energy, with preparations underway to add three more in the coming period. It also reviewed the new electrical interconnection project with the Ministry of Electricity as well as efforts to reduce drilling costs and to assess current and anticipated oil reserves.