Badawi: Egypt to Fully Settle IOC’s Dues by June 2026

• Saturday, 21st March 2026
• by Sherine Samir

Egypt is working to settle all its outstanding dues to international partners in the oil and gas sector by the end of June, according to Karim Badawi, Minister of Petroleum and Mineral Resources.

Badawi pointed out that the Ministry of Petroleum and Mineral Resources (MoPMR) has been working to gradually reduce the dues from about $6.1 billion on 30 June 2024 to $1.3 billion currently, with the necessary coordination in place to fully settle them by 30 June 2026.

This comes in implementation of President Abdel Fattah El-Sisi’s directives to accelerate the settlement of partners’ dues, thereby strengthening confidence and encouraging the investment needed to increase domestic oil and gas production, and consequently reduce the import bill, noted a MoPMR statement.

Renergy Group Plans $1 Bn Hyperscale Green Data Center in Sinai

• Wednesday, 18th March 2026
• by Sarah Samir

Renergy Group has expressed interest in setting up a $1 billion hyperscale green data center in the El Tor area, Sinai Governorate. The facility will be integrated into the group’s broader $17 billion hybrid renewables project, according to a statement by the Ministry of Investment and Foreign Trade.

This came during a meeting between Mohamed Farid Saleh, Minister of Investment and Foreign Trade and  Robert Falk, CEO of Renergy Group Consortium, to discuss developments in the hybrid renewables project. Combining green hydrogen, solar power, and energy storage batteries, as well as a hyperscale green data center, the project is  Egypt’s largest green energy plant.

PETROJET’s New Contracts Rise to EGP 121 Bn in FY 2025

• Wednesday, 18th March 2026
• by Doaa Ashraf

The Petroleum Projects and Technical Consultations Company (PETROJET) secured local and international contracts with a total value of EGP121 in Egypt and international markets in 2025, compared to  EGP 112 billion in 2024, Chairman Waleed Lotfy told the company’s general assembly meeting.

Lotfy said the company continued to strengthen its position as a global contractor for project execution despite global and regional challenges, geopolitical volatility, and exceptional conditions affecting the contracting industry.

ENPPI Secures $1.34 Bn in FY2025 Contracts

• Wednesday, 18th March 2026
• by Doaa Ashraf

The Engineering for the Petroleum and Process Industries Company (ENPPI) signed contracts worth $1.34 billion in 2025, with nearly 97% of these deals coming from overseas projects, said Chairman Khaled Ibrahim during the general assembly meeting convened to approve the company’s fiscal year (FY) results in 2025.

He explained that ENPPI carried out several major projects, including a pipeline project for ADNOC Onshore stretching nearly 500 kilometers, supporting the efficiency of the energy transportation system and enhancing operational safety.

One of the most significant contracts was in the United Arab Emirates (UAE) to execute a liquefied natural gas (LNG) treatment plant project for ADNOC.

Australian Murdoch University To launch training program for MRMIA Geologists

• Monday, 16th March 2026
• by Doaa Ashraf

The Ministry of Petroleum and Mineral Resources revealed on Monday the approval of an advanced training program in cooperation with Australia’s Murdoch University, aimed at enhancing the capabilities of geologists working at the Mineral Resources and Mining Industries Authority (MRMIA) and affiliated companies.

The launch of the program follows the outcomes of the visit by Karim Badawi, Minister of Petroleum and Mineral Resources, to Perth, Australia, in November. During the visit, a letter of intent (LoI) was signed with the university to develop the capabilities of geologists and leaders in Egypt’s mining sector and transfer advanced global expertise to the industry.

Vaalco Drills Four Eastern Desert wells in Q4 2025

• Sunday, 15th March 2026
• by Doaa Ashraf

Vaalco Energy, a US-based energy company, completed drilling four development wells in the Eastern Desert during the fourth quarter (Q4) of 2025. Three wells were completed during the quarter, with the fourth finished in January 2026. The drilling program included an exploration well in the H-Field in the Eastern Desert, opening a new development area with an initial flow rate of approximately 450 barrels of oil equivalent per day (boe/d).

The company also continued interventions, workovers, and optimization activities throughout the fourth quarter of 2025 to enhance production levels. Vaalco expects average production from its activities in Egypt to range between 10,300 and 11,400 boe/d in the first quarter (Q1) of 2026, according to a press release dated March 12.

"In 2025, we completed another year where we delivered consistent quarterly results that either met or exceeded our guidance. We repeatedly raised production and sales guidance in 2025 and continued to deliver on those increased ranges,” said George Maxwell, CEO of Vaalco Energy.

Badawi Inspects Natural Gas Grid Preparation to Ensure Stable Supplies

• Sunday, 15th March 2026
• by Sarah Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, conducted an unannounced visit to the National Natural Gas Grid Control Center (NATA) at the Egyptian Natural Gas Company (GASCO) headquarters. The visit aimed to inspect the operational status of the national natural gas transmission grid and ensure the regular flow of natural gas supplies across the network to various consumption sectors.

Ganope Targets EGP 4 Bn Revenue in FY 2026/27

• Sunday, 15th March 2026
• by Fatma Ahmed

South Valley Egyptian Petroleum Holding Company (Ganope) targets revenues exceeding EGP 4 billion and net profits surpassing EGP 1 billion, in the fiscal year (FY) 2026/27, according toAshraf Bahaa the company's Chairman . This came during the general assembly meeting of the company, in which the Minister of Petroleum and Mineral Resources, Karim Badawi, approved the company's investment plan.

EGAS to Launch New bid Round in Western Mediterranean

• Sunday, 15th March 2026
• by Sarah Samir

The Egyptian Natural Gas Holding Company (EGAS) plans to launch new bid round in 2026, offering natural gas exploration licenses across several areas in the Western Mediterranean, according to Chairman and Executive Managing Director Sayed Selim.

The plan also includes drilling 17 exploratory wells during the upcoming Fiscal Year(FY), and commencing the first phase of the seismic survey project in the Eastern Mediterranean during the second half  (H2) of the year. The meeting reviewed the status of recent exploratory wells, West Denis-1, Sirius, and Jannat-1, alongside preparations to drill four additional wells during the second half of FY 2025/26.

ECHEM Plans $11 Bn Petrochemical Projects to Localize 20 Products by 2030

• Sunday, 15th March 2026
• by Doaa Ashraf

The Egyptian Petrochemicals Holding Company (ECHEM) has unveiled a five-year plan to launch 10 projects targeting the localization of over 20 petrochemical products for domestic and international markets. The plan envisions a total production capacity of 7.5 million tons (mmt) and investments estimated at $11 billion, according to Chairman Alaa El-Din Abdelfattah.
Speaking at the company’s general assembly to approve its investment program for FY 2026/2027, Abdelfattah highlighted ECHEM’s efforts to deepen integration with the Ministry of Industry, aiming to substitute high-import petrochemical inputs with locally manufactured products.