News / Egypt

Egypt Taps ALSF Expertise to Strengthen Energy Negotiations and Attract Investment

A delegation from the Ministry of Petroleum and Mineral Resources (MoPMR) met with a delegation from the African Legal Support Facility (ALSF), an affiliate of the African Development Bank,   to discuss possible cooperation opportunities between the two sides. ALSF helps African governments negotiate complex commercial deals and manage disputes, especially in energy, infrastructure, and finance.

During the meeting, they discussed strategies to strengthen the negotiation skills of the entities affiliated with the petroleum ministry. The meeting  also highlighted Egypt’s successful track record in the oil and gas sector as a model for attracting investment and solidifying its role as a regional hub for gas trade

Badawi Reviews Future Plans for Egypt Upstream Gateway

Expanding investment opportunities across Egypt’s geological basins was the focus of the meeting that Karim Badawi, Minister of Petroleum and Mineral Resources, held with Egypt Upstream Gateway (EUG). Badawi in particular highlighted the recent agreement between South Valley Egyptian Petroleum Holding (Ganope) and the British bp for Block (6) in the Red Sea, noting that it represents a positive boost to the ongoing bid round, which is scheduled to close in May 2026.
The meeting covered future development plans for the platform and was attended by  Mohamed Radwan, Ganope Vice Chairman for Agreements and Exploration, and EUG Manager.

Egypt to Add 2,500 MW of Renewable Energy to National Grid in 2026

Egypt will add 2,500 megawatts (MW) of renewable energy to the unified national grid during 2026, strengthening the sustainability and stability of the national electricity system, according to Mahmoud Esmat, Minister of Electricity and Renewable Energy. Esmat highlighted ongoing efforts to improve production efficiency, reduce reliance on fossil fuels, and achieve a balanced energy mix, with a strategic target for renewable energy to meet at least 42% of domestic needs by 2030.

Cargas Reports 61% Surge in Natural Gas Vehicle Conversions for 2025

The Natural Gas Vehicles Company (Cargas) converted 30,000 vehicles to run on Compressed Natural Gas (CNG) during 2025, marking a 61% increase compared to the previous year, according to Chairman and Managing Director Mohamed Ismail. At this rate, the company accounted for 41% of the total CNG market, backed by its nationwide network of 56 conversion and maintenance centres.

The results were announced during the company’s ordinary general assembly meeting, which was convened to approve the fiscal year (FY) 2025 results. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, alongside leaders from the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding (EGAS).

Egypt Inks $740m Fertilizer and Chemicals Agreements in SCZONE

Two agreements, with total investments of $740 million for establishing a Phosphate Fertilizer plant and a Chemical project in the Suez Canal Economic Zone(SCZONE), were signed on April 8 in the presence of  Prime Minister Mostafa Madbouly.

Valmore Holding Distributes $53 Mn Dividend, Elects New Board of Directors

Valmore Holding, formerly Egypt Kuwait Holding, has approved the distribution of about $53 million in cash dividends to shareholders, amounting to 0.045 per share (4.5 cents), according to its ordinary general assembly meeting convened on April2. This brings the company’s cumulative dividends since inception close to $1 billion.

Badawi at AmCham: Egypt Clears Energy Debt, Unlocks Investment

The Ministry of Petroleum and Mineral Resources (MoPMR) has successfully reduced investment partner arrears from $6.1 billion in June 2024 to approximately $1.3 billion, with a target to fully settle all outstanding debts by June 2026, Minister Karim Badawi recorded during an American Chamber of Commerce (AmCham) event.

On the sidelines of the meeting, which was convened by AmCham and attended by leaders from major international energy firms, top executives affirmed their commitment to the Egyptian market.

Egypt Signs MoU with China’s UEG to Develop Mediterranean Green Hydrogen Hub

Green Hydrogen Development Holding Limited, a subsidiary of United Energy Group (UEG), has signed a Memorandum of Understanding (MoU) with Abu Qir Fertilizers and Chemicals Company, Alexandria Fertilizers Company (Alexfert), and Orascom Construction SAE to explore the development of a Mediterranean Green Hydrogen Hub project in Alexandria.

EPSCO Labor-Supply Business Grows 24% in 2025

The Egyptian Petroleum Services Company (EPSCO) recorded a 24 % increase in revenue from its labor-supply business line to reach EGP 8.2 billion in 2025, according to Chairman Ahmed Shehata.

EPSCO is a prominent services provider with over 15 years of experience in the oil and natural gas sector. The company delivers integrated solutions ranging from workforce supply and procurement to transportation and support for drilling, exploration, and maintenance operations.

MOPCO Surpasses Urea and Ammonia Production Targets in 2025

Misr Fertilisers Production Company (MOPCO) reported urea production of 1.7 million tonnes in fiscal year 2025, achieving 102% of its investment plan, while ammonia output reached 1.1 million tonnes, also 102% of target. Ahmed Mahmoud, MOPCO chairman, announced at the company’s general assembly convened to approve the 2025 results.

The meeting, chaired by Alaa El-Din Abdel Fattah, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), approved a cash dividend of EGP 3.94 per share. Abdel Fattah highlighted Mopco’s vital role in the national economy, noting that the company covers 26% of the domestic market's urea fertilizer demand.

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