PM Reviews Refinery Expansion, Strategy for Rare Earth Minerals

• Sunday, 25th January 2026
• by Samar Samir

Prime Minister Mostafa Madbouly reaffirmed the government’s commitment to achieving petroleum self-sufficiency and positioning Egypt as a regional hub for rare-earth mineral processing, aiming to reduce the national import bill.

Madbouly held separate meetings with Karim Badawi, Minister of Petroleum and Mineral Resources, and Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, to discuss developments in the mining sector, according to Cabinet statements.

MoPMR to Drill 100 wells to Limit Fuel Import Bill

• Friday, 23rd January 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, has reaffirmed that the Ministry’s top priority is increasing domestic crude oil and natural gas production to reduce the national import bill and secure energy supplies for the Summer 2026 season. Badawi announced that the Ministry is set to launch a new package of incentives designed to encourage IOCs and Egyptian companies to invest in oil and gas production. He highlighted that the current year will see the drilling of more than 100 exploration wells, part of a broader program targeting approximately 500 wells by 2030.

AVEVA Appoints Khaled Salah as VP of Africa

• Thursday, 22nd January 2026
• by Doaa Ashraf

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has appointed Khaled Salah as Vice President (VP) of Africa. In his new role, Salah will lead a team of nearly 30 people to execute the company’s growth strategy across the continent, reporting directly to Jesus Hernandez, Senior Vice President (SVP) for Europe, the Middle East and Africa (EMEA).

EGPC launches New Platform for Environmental Monitoring

• Thursday, 22nd January 2026
• by Doaa Ashraf

The Egyptian General Petroleum Corporation (EGPC) has launched a centralized digital platform to monitor, analyze, and evaluate the environmental performance of its affiliated companies, aiming to enhance transparency and operational efficiency across the sector. The platform aims to standardize mechanisms of collecting environmental data and digitally analyze them to improve operational efficiency, support informed decision-making, enhance data quality and accuracy, and increase transparency within the sector.

China’s Xingfa to Invest $2 Bn for Phosphate Mining

• Thursday, 22nd January 2026
• by Doaa Ashraf

China’s Xingfa Chemicals Group (XINGFA) has unveiled plans to invest up to $2 billion in a large-scale, three-phase industrial project in Egypt’s Golden Triangle region, focusing on integrated phosphate extraction and high-value chemical manufacturing. During a meeting on January 22, Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), discussed the proposal with a delegation led by Xingfa President Cheng Yali.

EGAS Reviews Exploration Activities with Arcius, ExxonMobil, QatarEnergy

• Thursday, 22nd January 2026
• by Doaa Ashraf

The Egyptian Natural Gas Holding Company (EGAS) is accelerating offshore gas development through technical studies on undeveloped Mediterranean discoveries while advancing exploration programs through meetings with Arcius Energy, ExxonMobil and QatarEnergy

Alamein Petroleum Allocates $26 Million for Investments in FY 2026/27

• Thursday, 22nd January 2026
• by Samar Samir

The Egyptian General Petroleum Corporation (EGPC) has approved amendments to the current fiscal year's budget as well as the plan for the 2026/27  budget for Alamein Petroleum Company. EGPC's CEO, Salah Abdel Kerim, attributed the modifications to the fact that the company’s concession areas require continuous innovation and integrated technical solutions, given their complex geological nature. 

Abdel Kerim highlighted that investment in exploration continues to yield immediate results, citing the Z3 well as a recent success. The well was recently linked to production facilities and is currently contributing approximately 650 barrels per day (bbl/d) to the company’s total output.

Egypt Settles $5 Bn in Oil Arrears

• Wednesday, 21st January 2026
• by Doaa Ashraf

Egypt has cleared approximately $5 billion of the arrears due to its foreign partners in the oil sector, significantly reducing the sector's debt, Prime Minister Mustafa Madbouly said during the Cabinet's weekly meeting.

 Egypt's total arrears for International Oil Companies have dropped from a mid-2024 peak of $6.1 billion and are expected to reach$1.2 billion by the end of June 2026, which is the normal rate, according to Madbouly.

El-Khatib Advances Green Energy Partnerships with ACWA Power

• Wednesday, 21st January 2026
• by Samar Samir

Hassan El-Khatib, Minister of Investment and Foreign Trade, met with the CEOs of Saudi Arabia’s ACWA Power and Greece’s Public Power Corporation (PPC) on the sidelines of the World Economic Forum (WEF) in Davos to accelerate Egypt’s transition into a regional green energy and water desalination hub. The Saudi group currently operates two solar plants in Egypt with a combined capacity of 350 megawatts (MW), which the Minister noted are performing beyond expectations. Parallel to these operations, the 1.1-gigawatt (GW) Shams solar project.

GUPCO Lifts Output to 65,000 bbl/d as Al Wasl-4 Comes Onstream

• Tuesday, 20th January 2026
• by Doaa Ashraf

Gulf of Suez Petroleum Company (GUPCO) has brought on stream the development well, Al Wasl-4 in North Safa field. The well is producing around 2,250 (bb/d) of crude oil and approximately 1.3 million cubic feet per day (mmcf/d) of natural gas, contributing to rise in crude output of GUPCO reaching 65,000 bbl/d. The well supports the company’s strategy to maximize recovery from mature assets through integrated appraisal, development drilling, and optimization of remaining reserves.