News / Egypt

Egypt’s Mining Reforms Spark Renewed International Interest at PDAC 2026

Representatives of international companies investing in Egypt's mining sector met a delegation from the Ministry of Petroleum and Mineral Resources to discuss the developments and potential of the sector during a session titled “Spotlight on Egypt” at the Prospectors and Developers Association of Canada Convention (PDAC), held in Toronto from March 1–4.

The session, organised in coordination with MineAfrica and the Canada-Africa Chamber of Business, highlighted Egypt’s promising geological potential, particularly in the Arabian-Nubian Shield, which is known for its rich mineral resources. Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), outlined Egypt’s key mining investment advantages, including diverse mineral resources, modernised legislation, a strategic location, and ongoing digital transformation efforts aimed at simplifying procedures and improving the business environment.

Ethydco Sales Top EGP 5.7 Bn as Exports Grow 5.4%

The Egyptian Ethylene and Derivatives Company (ETHYDCO) has met 102% its production target this year, reaching 302,000 tons of ethylene and 305,000 tons of polyethylene, said Chairman Hesham Riyad while reviewing the company’s performance this year in its general assembly meeting.

Riyad added that total sales in the local market and exports exceeded EGP 5.7 billion, recording 5.4% growth in export sales. This was driven by the company’s expansion in Latin American markets, particularly Brazil, in addition to markets in Africa, Europe, and Turkey. Ethydco’s products also meet the needs of over 40 industrial complexes within Egypt.

PetroWeb, BAPETCO Bring New Gas Wells Online

The Egyptian oil and gas sector has successfully added new wells to the gas production map in both the Mediterranean Sea and the Western Desert.

In the Mediterranean, the second well in the West El-Burullus (WEB) offshore field was placed on the production map, increasing the field’s output from about 25 to 37 million cubic feet per day (mmcf/d). The project is being developed and produced through a local joint‑venture vehicle (PetroWeb) with Cheiron as the operator/lead developer.

Petro Shorouk Reveals $96 Mn Additional Investments in FY 2025/26

Petro Shorouk revealed the injection of $96 million in additional investments during the current fiscal year (FY) 2025/26, the company’s Chairman, Tharwat El Gendy, pointed out during the company's general assembly to approve the revised investment plan for the current fiscal year and the investment plan for the FY 2026/27.

Petrobel Increases 2025/26 planned investments to $460 Mn

Belayim Petroleum Company’s (Petrobel) investment plan for the fiscal year (FY) 2025/26 has been increased to approximately $460 million, Tharwat El Gendy, Petrobel’s Chairman, announced in the company's general assembly to approve the revised investment plan for the current fiscal year and the investment plan for the FY 2026/27.

Harbour Energy Briefs Badawi on Developments in Dissouq field

Ezz, the first well in Harbour Energy’s recent gas discovery at the Dissouq field, has been brought into production, lifting the field’s gas and condensate output to about 14,000 barrels of oil equivalent per day (boe/d). The second well is expected to come online soon, and the company plans to drill additional wells in the near future, Sameh Sabry, Harbour Energy’s Executive Vice President for the Middle East and North Africa, said  during a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources.

The meeting addressed work progress at the onshore Disouq field, where Harbour Energy serves as the operator, as well as joint investment plans with bp for the offshore West Nile Delta fields, where BP is the lead operator, and Harbour is a primary partner.

Madbouly inspects SUMED Petroleum Port at Ain Sokhna

Egyptian Prime Minister Mostafa Madbouly conducted a tour of the SUMED Petroleum Port, inspecting the port’s petroleum products and liquefied natural gas (LNG) handling and storage terminal.

Sulnox, Pan Marine Partner to Distribute Eco Fuel in Egypt

Sulnox Group Plc, a UK-based greentech company, has signed a distribution agreement with Pan Marine Petroleum Services (Pan Marine). The collaboration integrates Sulnox’s fuel-saving and emission-reducing technology with Pan Marine’s nationwide distribution network, according to a press release on the agreement.

Pan Marine, a leading integrated maritime and energy services provider in Egypt with strong nationwide distribution capabilities,  serves nearly 1,500 clients across more than 20 locations nationwide. The company will market Sulnox Eco, a 100% organic, biodegradable fuel conditioner, through its established platforms, which have previously scaled major brands such as Castrol, a global producer of premium automotive and industrial lubricants.

Sulnox Eco is designed to improve combustion efficiency and storage stability for both traditional fuels and biofuel blends. This is increasingly relevant as shipping companies adopt biofuels to meet tougher European Union (EU) emissions rules for journeys between Asia and Europe, noted the press release.

The collaboration integrates Sulnox’s fuel-saving and emission-reducing technology with Pan Marine’s nationwide distribution network in Egypt. Pan Marine, a maritime and energy services provider partnered with bp, Shell, and ENI, serves nearly 1,500 clients across more than 20 locations.

Cabinet Approves Egypt’s First Airborne Mineral Survey in 40 Years

During its weekly meeting, the Cabinet approved request from the Mineral Resources and Mining Industries Authority (MRMIA) to contract a specialized company to conduct a nationwide airborne geophysical survey covering Egypt.

The project will cover six geographic zones and aims to provide accurate and updated data on Egypt’s mineral resources, including their size and locations to push investments in the mining sector and maximize the economic potential of Egypt’s mineral wealth.

Egypt to Integrate 2,500 MW of Renewables Ahead of Summer 2026

Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy. This announcement follows a high-level meeting between President Abdel Fattah El-Sisi, Prime Minister Moustafa Madbouly, and the Ministers of Petroleum and Electricity to review scenarios for ensuring the stability and continuity of power generation nationwide.

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