The Egyptian General Petroleum Corporation (EGPC) has launched a digital platform to monitor the sector's carbon footprint, underscoring its commitment to digital transformation and environmental sustainability. The platform is an internal carbon‑tracking engine for oil and gas firms; it is restricted to sector use and not publicly accessible.
Egypt is accelerating efforts to strengthen its energy sector through new investments, discoveries, and market reforms.
Egypt has secured investment commitments exceeding $19 billion from international partners over the next three years, Prime Minister Mostafa Madbouly said during the cabinet's weekly meeting. He broke down the figure to: $8 billion from Italy’s Eni, $5 billion from British Petroleum(bp), $2 billion from the UAE’s Arcius Energy, and $4 billion from US-based Apache.
Egypt Gas recorded a net profit after tax of EGP 321.8 million in 2025, marking 11% increase from 2024. This came on the back of a 20 % increase in the company's revenues during the same period to stand at EGP 9 billion.Â
The company increased the value of its total assets to EGP 19.46 billion, from EGP 14.35 billion in 2024. Moreover, its share price jumped by 77 %Â to EGP 42 in March 2026.
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both British Petroleum (bp) and Harbour Energy to establish the executive framework for developing oil and gas reserves in the North King Mariout area and the El Arish field in the Mediterranean.
Egypt's Technical Gas Services Company (TGS) has secured a contract to repair and rehabilitate Lebanon's natural gas infrastructure, marking a significant export of Egyptian technical expertise to the Levant. The project, signed in the attendance of Prime Minister Mostafa Madbouly, targets the restoration of a 30-kilometer, 24-inch-diameter pipeline and its associated facilities to stabilize Lebanon’s volatile energy supply, according to a statement by the Cabinet.
The state-owned Petroleum Projects and Technical Consultations Company (PETROJET), has signed a general contractor agreement for Phase Two of Algeria's Hassi Bir Rkaiz field development project. The contract, valued at around $1.1 billion, covers works in the El Oued–Ouargla region, located about 130 kilometers east of Hassi Messaoud in southern Algeria.
The Egyptian General Petroleum Corporation (EGPC) and Algeria's state-owned energy giant, Sonatrach, signed a Memorandum of Understanding (MoU) to establish an institutional framework for Egypt’s purchasing Algerian crude oil, according to a statement by the Ministry of Petroleum and Mineral Resources(MoPMR). According to the statement, the agreement aims to secure the needs of the domestic market and enhance the flexibility and sustainability of the supply chain.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Dan Moore, Global Vice President of Lubricants at ExxonMobil, to discuss means of strengthening cooperation with the US oil and gas giant in the production, distribution, and marketing of high-performance synthetic greases.
The meeting further reviewed potential collaboration opportunities in petroleum refining, in line with the Ministry’s plans to modernize and improve refinery efficiency, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR)..
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Alexei Ba, Regional Director of SANY Group, a Chinese company that operates in manufacturing renewable energy equipment, to discuss and follow up on plans to establish a plant in Egypt to manufacture wind turbines. The project under discussion include wind power generation with a total capacity of 2,000 megawatts (MW), using locally produced equipment.
The South Valley Egyptian Petroleum Holding Company (Ganope) has announced an extension of the closing date for the Red Sea international bid Round to Monday, June 29, 2026, at 12:00 PM Cairo local time. By extending the deadline, which was initially set for Monday, May 3, Ganope aims to provide additional time for companies to participate in the bid round, reinforcing Egypt’s strategy to attract investment and accelerate exploration in frontier areas.
