News / Egypt

Egypt Launches Emergency Energy Plan Amid Regional Tensions

In light of the rapidly evolving military developments in the region and the subsequent sharp spikes in energy prices and global market fluctuations, the Egyptian government is closely and continuously monitoring the situation through full coordination between the Central Bank, various ministries, and relevant authorities, noted a statement by the cabinet.

The government is securing national energy requirements through daily monitoring of supply schedules and ongoing contracts of petroleum products, in addition to leveraging previously concluded contractual arrangements and price hedging mechanisms that cover a significant portion of imports, to mitigate the impact of global price increases. 

Egypt Raises Gasoline, CNG, Butane Prices

The Ministry of Petroleum and Mineral Resources (MoPMR) raised prices of all types of Octane gasoline, Compressed Natural Gas (CNG) for cars, and butane, effective March 10. The decision came "due to the exceptional circumstances in the international energy markets", according to a MoPMR statement.
According to the decision, fuel prices at the pump will be as follows:
95 Octane Gasoline: EGP 24.00 per liter compared to EGP 21
92 Octane Gasoline: EGP 12.25 per liter compared to EGP 19.25
Compressed Natural Gas for Cars: EGP13 compared to EGP 10

Shell Finds Encouraging Gas Signs at Sirius-1X Well

Drilling results from the exploratory well Sirius‑1X, which is located in the North‑East Alameya block in the Mediterranean Sea and operated by Shell, show encouraging preliminary indications after reaching the target depth of 2,115 m. This improves the prospects for developing new gas resources in the Sirius exploration interval.

Following these results, an early development decision could be reached in 2027. The Sirius-1X discovery is currently planned to begin production by 2029. This will serve as a subsequent phase to the development of the Mina West field.

ELAB Hits Record Production in 2025

The Egyptian Linear Alkyl Benzene Company (ELAB) has posted a record production of 141,000 tons of linear alkyl benzene (LAB) in 2025, its highest level since the plant began operations in 2008, while maintaining top standards of safety, occupational health, and environmental protection, Chairman Ayman Elgarem said during the company’s general assembly.

 LAB is the company’s main product and serves as the primary raw material for the manufacture of industrial detergents, according to Elgarem, who added that the company is working to increase its production. 

The meeting reviewed the company’s fiscal year (FY) 2025 results and was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, and senior executives from the petroleum and petrochemical sector

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.

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