TotalEnergies to Resume Gas Exploration in Egypt, Eyes Western Mediterranean

• Wednesday, 13th May 2026
• by Fatma Ahmed

The French energy major, TotalEnergies, signed a memorandum of understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) to cooperate on natural gas exploration in the Western Mediterranean. The agreement, according to a Cabinet statement, covers a large offshore area and aims to advance early-stage exploration in one of Egypt’s most promising frontier regions.

Karim Badawi, Minister of Petroleum and Mineral Resources,welcomed TotalEnergies’ return to gas exploration in Egypt, describing it as a positive outcome of the ministry’s strategy to create an attractive investment climate through reforms, incentives, and settling dues owed to partners.

Egypt, Norway Agree on Five-Year Energy Cooperation Plan

• Wednesday, 13th May 2026
• by Doaa Ashraf

Egypt and Norway have agreed to work on a five-year strategic cooperation plan covering green energy, carbon reduction, and natural gas exploration. This came during a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources and Erik Husem, the Norwegian Ambassador, to bolster strategic partnership in the energy sector

McKinsey Eyes Expansion in Egypt’s Oil and Gas Market

• Wednesday, 13th May 2026
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, met a delegation from McKinsey & Company to explore potential avenues of collaboration between Egypt’s oil and gas sector and the global consulting firm. The meeting reflects McKinsey’s interest in partnering with Egypt’s energy sector, which is witnessing rapid positive developments and boasts strong competitive advantages, particularly its advanced infrastructure, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

7,000 Egyptian Factories to Power Production with Rooftop Solar

• Tuesday, 12th May 2026
• by Sarah Samir

Prime Minister Mostafa Madbouly held a meeting to review a proposal for launching an initiative that would enable factories to generate solar energy on their rooftops and use it in production, as a means to expand reliance on renewables, optimize the use of national resources, and reduce the import bill, according to a Cabinet statement.

Badawi, Shell, Petronas Discuss WDDM Expansion

• Tuesday, 12th May 2026
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, recently held two high-level meetings with the leadership of the UK-based Shell and Malaysia's PETRONAS to discuss stepping up exploration and development in the West Delta Deep Marine (WDDM) concession, Egypt’s largest offshore natural gas asset in the Mediterranean.

Egypt to Host African Petroleum Producers Meeting in June

• Monday, 11th May 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, has proposed hosting a high-level ministerial meeting for members of the African Petroleum Producers Organization (APPO) in Alamein this June. The meeting, to be held in conjunction with the African Union’s Mid-Year Coordination Summit, aims to establish a unified platform for coordinating infrastructure financing and energy security across the continent.

AngloGold Ashanti Gross Profit from Sukari Mine Jumps 80% in Q1 2026

• Monday, 11th May 2026
• by Sarah Samir

AngloGold Ashanti’s Sukari mine in Egypt delivered gross profit of $292 million in the first quarter (Q1) of 2026, marking an 80.25 % increase from its level in Q1 2025. Moreover, the total cash cost per ounce produced from the mine during the period came at $826/oz, the lowest among all of Anglo Gold's mines in Africa and Australia.

TAQA Arabia Posts 65% Surge in Q1 2026 Consolidated Net Profits

• Monday, 11th May 2026
• by Doaa Ashraf

TAQA Arabia reported a 65% year-on-year (YoY) increase in consolidated net profits after tax, reaching EGP 224.6 million in the first quarter (Q1) of 2026, according to a disclosure to the Egyptian Exchange (EGX) on May 11.

Egypt Prioritizes Localization of Phosphate Industries Over Raw Exports

• Monday, 11th May 2026
• by Sarah Samir

The Egyptian government is accelerating a strategic shift toward localizing phosphate-based industries, pivoting away from exporting raw materials in favor of manufacturing high-value fertilizers and chemical products, concluded a meeting chaired by Prime Minister Mostafa Madbouly. 

To anchor this transition, Minister of Petroleum and Mineral Resources Karim Badawi said the ministry is now integrating cutting-edge scientific research with modern earth sciences to optimize the utilization of Egypt's vast mineral wealth.

Madbouly Overviews Unified Drive to Secure Energy Supplies, Expand Renewables

• Monday, 11th May 2026
• by Doaa Ashraf

Prime Minister Mostafa Madbouly has directed a unified ministerial effort to secure the permanent funding required for fuel supplies, aiming to stabilize the national electricity grid and meet the energy needs of both households and industry.
During a high-level meeting with the Ministers of Petroleum, Electricity, and Finance, the government reviewed urgent measures to ensure that petroleum product and natural gas requirements are met without interruption, according to a statement by the Cabinet.