Rashpetco Exceeds H2 2025 Production Target

• Monday, 4th May 2026
• by Doaa Ashraf

Rashid Petroleum Company (Rashpetco) exceeded its production plan by 104% during the second half (H2) of 2025, although the specific numerical targets of the original plan were not disclosed in the official statement.  Mohamed Degheidy, chairman of Rashpetco, announced that this performance was driven by the early entry of Phase 11 West Delta Deep Marine (WDDM) wells and operational efficiency gains that added 10 million cubic feet per day (mmcf/d) to the company's output.

Misr Phosphate Marks Fifth Year of Production Growth

• Monday, 4th May 2026
• by Sarah Samir

Misr Phosphate Company’s output reached 4.02 million tons, marking growth for the fifth consecutive year, outgoing chairman and managing director Mohamed Abdel‑Azim said in a Ministry of Petroleum and Mineral Resources statement. The release did not specify whether the increase was measured on a fiscal or calendar‑year basis, nor did it clarify which year was covered..

Egypt Raises Industrial Gas Price Floor to $6.50/MMBtu

• Sunday, 3rd May 2026
• by Doaa Ashraf

The government has raised natural gas supply prices for the industrial sector with a minimum selling price not fall below $6.50 per million British thermal units (MMBtu), according to a decree no. No. 1306 of 2026 issued by Prime Minister Mostafa Madbouly and published on the official Gazette El-Waqai' el-Misriyya.

Madbouly Inspects Al-Qaher-2 Drilling Rig Following Denise Gas Discovery

• Sunday, 3rd May 2026
• by Sarah Samir

Prime Minister Mostafa Madbouly inspected  Egypt’s offshore drilling rig Al‑Qaher‑2, which carried out operations for the Denise West‑1 exploratory well in the Eni‑bp Temsah concession in the Mediterranean. The operation resulted in a promising natural gas discovery, with reserves estimated at around 2 trillion cubic feet of gas, in addition to approximately 130 million barrels of condensate.

Karim Badawi, Minister of Petroleum and Mineral Resources, who accompanied Madbouly in the visit,  affirmed that the new Denis discovery represents one of the important outcomes of the Ministry’s program to settle dues owed to foreign partners and to implement new incentives aimed at accelerating investment in the petroleum and gas sector. 

ESAF, ELAB Push Egypt Petrochemicals With Honeywell Deals

• Sunday, 3rd May 2026
• by Doaa Ashraf

The Egyptian Sustainable Aviation Fuel Company (ESAF), a subsidiary of the Egyptian Petrochemicals Holding Company (ECHEM), has signed a technology license agreement with US Honeywell to deploy its Ecofining technology in Egypt's first project to produce sustainable aviation fuel (SAF). This follows a previous agreement signed in December between ESAF and Honeywell for the establishment of the project in Alexandria.

TAG Oil Extends BED‑1 Deal to 2028

• Sunday, 3rd May 2026
• by Sarah Samir

The combined production from TAG Oil’s BED4-T100 horizontal well and BED 1-7 vertical well at the Badr Oil Field (BED-1) in Egypt’s Western Desert averaged approximately 80 barrels of oil per day (bbl/d) during the Fourth quarter(Q4) of  2025. According to a company press release, average output for the full year ended December 31, 2025, stood at roughly 84 bbl/d, with cumulative gross production from both wells surpassing 83,000 barrels.

Khalda Strikes 15 Discoveries in H1 2025/26

• Sunday, 3rd May 2026
• by Fatma Ahmed

Khalda Petroleum Company, a joint venture(JV) between the US-based Apache Corp and the Egyptian General Petroleum Corporation (EGPC), made 15 oil discoveries and bolstered its reserves by approximately 15 million barrels of oil equivalent (mmboe) during the first half (H1) of fiscal year (FY) 2025/26, according to Moataz Atef, Country Chairman and Managing Director. Furthermore, the company met 100% of its oil output target and exceeded its natural gas target by 7%.

Bapetco Drills 15 Wells in H1 of FY2025/26, Plans Two More in May

• Sunday, 3rd May 2026
• by Doaa Ashraf

Badr El-Din Petroleum Company (Bapetco) drilled 15 new wells using nine rigs in the first half (H1) of Fiscal Year (FY) 2025/2026. This resulted in production of an average of 49,000 barrels of oil equivalent per day (boe/d), 171 million cubic feet of gas per day (mmcf/d), and 18,500 barrels of condensate per day (bb/d), according to Chairman Khaled Abdelsalam.

Egypt Clears Dana Gas Debts, Cuts Partner Arrears to $714 Mn

• Sunday, 3rd May 2026
• by Sarah Samir

Dana Gas, the Middle East's largest private natural gas firm, has received a final $20 million payment from Egypt, fully clearing all outstanding arrears, according to the company's statement.
This comes as Karim Badawi, Minister of Petroleum and Mineral Resources, revealed that the arrears owed to investment partners in oil and gas production has declined from $6.1 billion in June 2024 to about $714 million by the end of April 2026.

New Nile Delta Gas Discovery to Boost production by 50 mmcf/d

• Saturday, 2nd May 2026
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources (MoMR) announced a new natural gas discovery in the Nile Delta, with projected production of  50 million cubic feet per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the  UK’s British Petroleum (bp).

 Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the EDC 56 drilling rig, which executed operations on the well.  Nidoco N-2, situated approximately 3 km offshore in shallow waters (depth of ~10m),  was drilled from an onshore location utilizing advanced Directional Drilling (ERD) technologies. This strategic approach significantly optimized operational expenditures (OPEX) and enhanced overall process efficiency.