News / Egypt

Egypt Seals $1.8 Bn Renewable Energy Deals with China, Norway

Egypt has signed agreements worth over $1.8 billion with Norway’s Scatec and China’s Sungrow to develop two major renewable energy projects, marking a significant expansion of the nation’s green energy infrastructure, according to a statement by the Cabinet. Prime Minister Mostafa Madbouly attended the signing ceremony alongside senior government officials. The first project, titled "Energy Valley," will be developed by Scatec in Minya Governorate.

EGPC Chief Inspects Refining Efficiency Upgrades at APC and MIDOR

Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), conducted a field visit to the Alexandria Petroleum Company (APC) and Middle East Oil Refinery (MIDOR) to review progress on asset optimization and operational efficiency projects, according to a statement by the Ministry of Petroleum and Mineral Resources. During a tour of APC, Abdel Kerim inspected the boiler rehabilitation project, a national initiative managed by a specialized team from the Cairo Oil Refining Company (CORC).

Four New Discoveries in Western Desert Add 4,500 bbl/d of Oil

Drilling operations in four exploratory wells in the Western Desert yielded positive results, adding approximately 4,500 barrels per day (bbl/d) of crude oil and 2.6 million standard cubic feet per day (mmscf/d) of natural gas to domestic production, according to the Ministry of Petroleum and Mineral Resources (MoPMR)

Egypt, Cyprus Push Forward Gas Interconnection Projects

Minister of Petroleum and Mineral Resources Karim Badawi met with Cypriot President Nikos Christodoulides to review the latest developments in the natural gas interconnection projects between the two nations to bolster regional energy security, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

In February, Egypt and Cyprus signed a memorandum of understanding (MoU) to transport gas from the Cypriot Cronos field, which holds 3.1 trillion cubic feet (tcf) of proven gas reserves, to be processed at Egypt’s Zohr field facilities, then liquefied at the Damietta LNG plant for export to European markets. Italy's Eni, which operates Zohr, also operates Cronos in partnership with the French TotalEnergies.Cyprus, which assumed the Presidency of the Council of the European Union on January 1, 2026, aims to bring the EU closer to Egypt, describing the country as a "strategic partner and pillar of stability," according to the Cyprus Mail.

bp Commits to Increase Investments in Egypt

UK Energy giant, bp, reaffirmed its commitment to boosting investments in Egypt, accelerating drilling programs, and turning discoveries into actual production on an accelerated pace.
bp has an ambitious plan to maximize Egypt’s promising geological potential and increase Arcius Energy (a joint venture between bp and ADNOC’s XRG) investments to develop gas resources in the coming period, the company's top executives told Karim Badawi, Minister of Petroleum and Mineral Resources during a meeting.

Rashpetco to Double Natural Gas Production by FY 2029/30

Rashid Petroleum Company (Rashpetco) revealed a five-year strategic plan (2025–2030), aiming to double its current natural gas production by fiscal year (FY) 2029/30.
A primary highlight of the strategy is the West Mena region, located offshore the Mediterranean, where drilling operations for the first well are scheduled to commence in February. The project targets an estimated production of 160 million standard cubic feet per day (mmscf/d) of natural gas and 1,900 barrels of condensate per day by the fourth quarter (Q4) of 2026.

Egypt, Syria Ink MoUs for Gas, Petroelum Cooperation

The Ministry of Petroleum and Mineral Resources (MoPMR) has signed two Memoranda of Understanding (MoUs) with the Syrian Ministry of Energy to supply Syria with natural gas, petroleum products, and technical expertise. The MoUs were signed on the sidelines of Minister of Petroleum and Mineral Resources Karim Badawi’s meeting with a high-level Syrian delegation, headed by Deputy Minister of Energy for Oil Affairs Ghiath Diab, according to a statement by MoPMR.

Gulf of Suez Operators Hold Workshop to Boost Drilling Efficiency

Operating companies at the Gulf of Suez regions have gathered in a workshop to discuss strategies to improve performance and reduce costs of well drilling operations at the headquarters of the Gulf of Suez Petroleum Company (GUPCO). This came in line with the Ministry of Petroleum and Mineral Resources’ work strategy and the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, during his inspection visit to Belayim offshore 133 well in the Gulf of Suez, where he stressed the importance of enhancing drilling efficiency and lowering well costs.

Dana Gas Receives $50 Million Payment from Egypt, Reducing Arrears

Dana Gas, the Middle East’s largest private sector natural gas company, has received a $50 million payment from the Egyptian government, reducing overdue receivables, according to a press release issued by the company on January 5, 2026. This payment supports the company’s ongoing drilling program under the consolidation agreement that was signed with Egypt in December 2024, which optimized fiscal terms and designated additional acreage for exploration to incentivize new upstream investment in the Nile Delta and Mediterranean regions.

Egypt, Qatar Sign MoU for LNG Supply

Karim Badawi, Minister of Petroleum and Mineral Resources, signed a Memorandum of Understanding (MoU) on January 4 with Saad bin Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and CEO of QatarEnergy, to secure a 24 cargos supply of liquefied natural gas (LNG) to Egypt.

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