ExxonMobil Egypt and Octane Partner to Digitize Vehicle Services Nationwide

• Monday, 6th October 2025
• by Doaa Ashraf

ExxonMobil Egypt, a leading provider of high-quality lubricants and fuels, has signed a cooperation agreement with Octane, an Egyptian fintech company providing a digital wallet and management platform for vehicle-related expenses, to support the transport sector in the domestic market and blend industry with technology. Sherif Serag El Din, Vice Chairman, Managing Director, and Fuels Sales Manager at ExxonMobil Egypt, emphasized that this cooperation is an essential part of the company’s digital transformation strategy, which includes initiatives such as ‘Mobilawy'.

Maridive Oil Services Doubles Net Profit to $10.9Mn in H1 2025

• Monday, 6th October 2025
• by Fatma Ahmed

Maridive and Oil Services S.A.E Company posted net losses of $22.3million during the first half of 2025, compared to net profits of $1.56 mn during H1 2024. This came in a statement the company has sent to the Egyptian Stock Exchange (EGX) without elaborating on the reasons for the shift in performance.

QatarEnergy Acquires 27% Interest in Egypt’s North Cleopatra Offshore Block

• Monday, 6th October 2025
• by Doaa Ashraf

QatarEnergy has signed a deal with British shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt. Herein, Shell will retain a 36% participating interest as operator. Other companies, US Chevron and Tharwa Petroleum Company hold participating interests of 27% and 10% respectively.

Badawi Inspects Operations, Safety at Bapteco

• Monday, 6th October 2025
• by Doaa Ashraf

Expediting production and exploration projects remains a top priority for the petroleum sector, as it is the key to sustaining production growth, maximizing Egypt’s economic returns, and reducing the import bill, stressed Karim Badawi, Minister of Petroleum and Mineral Resources, during his meeting with senior officials at Badr El Din Petroleum Company (Bapteco) early Monday morning, April 6.

 During the meeting, Badawi reviewed the production status, drilling programs, and compliance with occupational health, safety, and environmental protection standards at Bapetco's work sites.

El-Sisi Calls for Enhanced Energy Security in Meeting with Petroleum and Electricity Ministers

• Sunday, 5th October 2025
• by Doaa Ashraf

President Abdel Fattah El-Sisi stressed the need to accelerate the completion of additional electricity supply systems for the New Delta project and the agricultural sector as a whole.
This took place in a meeting attended by Mahmoud Essmat, Minister of Electricity and Renewable Energy; Karim Badawi, Minister of Petroleum and Mineral Resources and Bahaa El-Ghannam, Executive Director of the "Future of Egypt Authority for Sustainable Development.The President also reviewed the progress of both the National Energy Strategy  and the National Renewable Energy Strategy through 2040. El-Sisi was also briefed on the status of clean energy projects aimed at expanding renewable sources within the national energy mix and reducing reliance on fossil fuels.

ENPPI, Petrojet, and EMC Join ENR Top 250 List

• Sunday, 5th October 2025
• by Fatma Ahmed

Three major project companies from Egypt’s petroleum sector have been included in the prestigious Engineering News Record (ENR) list of the world’s top 250 construction firms for 2025—widely regarded as the global benchmark in contracting and engineering.
The three companies are ENPPI,Petrojet and EMC.
The list ranks the world’s top 250 international contractors based on revenue generated from projects outside their home countries, reflecting global performance and competitiveness in the construction industry.

Egypt Highlights Reforms and Incentives Strengthening Investment Climate at AEW

• Sunday, 5th October 2025
• by Doaa Ashraf

Egypt showcased its efforts to provide an attractive investment environment in the oil and gas sector at the African Energy Week (AEW) held in Cape Town, South Africa.In his speech,  Ehab Ragaee, First Undersecretary for Production Affairs at the Ministry of Petroleum and Mineral Resources (MoPMR), reviewed Egypt’s efforts to create a competitive investment climate, built on legislative reforms,  investment incentives for international partners, and strengthening partnerships with the private sector.

Egypt, Petronas Deepen Natural Gas Partnership

• Sunday, 5th October 2025
• by Doaa Ashraf

To Maximize Economic Benefits, Karim Badwai, Minister of Petroleum and Mineral Resources met with Abang Yusuf, Senior Vice President of LNG Assets at Malaysian Petronas, and his accompanying delegation to discuss means to strengthen partnership in natural gas in light of the company’s investments and its partnership with Shell in the West Delta Deep offshore fields and the Idku LNG complex.

Badawi Names New Executives at EGPC, Ganope

• Sunday, 5th October 2025
• by Reem Hossam El-Dein

Within the framework of strengthening management and supporting the ministry’s strategic objectives, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced new leadership appointments at two of the sector’s key state-owned companies. The minister appointed Mohamed Ahmed Atef Hassan as Executive Vice President for Foreign Trade at the Egyptian General Petroleum Corporation (EGPC) and member of its executive board. Furthermore, Nasser Mohamed Shoman has been named Vice President for Supervision of Foreign and Joint Venture Companies at Ganoub El Wadi Petroleum Holding Company (Ganope).

Bapetco Launches Egypt’s First Locally-Made Drill Bit

• Sunday, 5th October 2025
• by Fatma Ahmed

Badr El Din Petroleum Company (Bapetco) has announced the launch of Egypt’s first locally manufactured 17.5-inch drill rig as part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to drive innovation in drilling and production, marking a significant milestone for the sector.