Egypt received $295.2 million total from the Sukari Mine during 2024. This was divided into $15.42 million in taxes, $28.78 million in royalties, and $251 million in dividends, according to AngloGold Ashanti's disclosure to the United States Securities and Exchange Commission.
The Egyptian General Petroleum Corporation (EGPC) agreed to increase crude oil supplies to the Alexandria Petroleum Company (APC) refinery as well as accelerate the procedures needed to expand the production of petroleum solvents, which are used in a wide range of industries.
The agreement came during a field visit led by Salah Abdel Kerim, EGPC chairman, who highlighted the importance of preparing a feasibility study for the expansion of solvent production. He also affirmed the full commitment to developing the refining facilities and adding new production units to maximize the economic returns of this activity.
Under the patronage of Karim Badawi, Minister of Petroleum and Mineral Resources, PETRONAS, through its subsidiary in Egypt, inaugurated a newly refurbished computer lab at Mustafa Musharafa School on September 29. This initiative will enable over 1,600 students to develop essential digital skills and integrate technology into their learning.
The initiative is part of PETRONAS Egypt's commitment to supporting education and community development, while contributing to Egypt’s Vision 2030 goals for inclusive and equitable learning opportunities.
The Alexandria Mineral Oils Company (AMOC) output of oils and waxes reached 172,000 tons in the fiscal year (FY) 2024/25, representing 108% of the target for the year. This was achieved while maintaining a production mix of the most profitable fuels like diesel, naphtha, and butane gas, with an overall production of 442,000 tons, Maged ElKordy, Chairman of the company, stated.
Abu Qir Fertilizers and Chemical Industries Company supplied the Ministry of Agriculture with 17 million fertilizer bags and exported its production to 22 countries, generating foreign currency revenues of $317 million in fiscal year (FY) 2024/2025, said Chairman Hany Dahy in the company’s general assembly meeting. It also sold ammonia and solid fertilizers locally at free-market prices.
Eni plans to inject a total of $8 billion into the Egyptian market over the next five years, in cooperation with its partners, according to Guido Brusco, Eni Chief Operating Officer Global Natural Resources. The investment will be directed toward developing existing fields and conducting further exploration.
UK-based Harbour Energy plans to boost natural gas production from its projects in Egypt, including the Disouq field in the Nile Delta and offshore fields in the West Nile Delta, the Ministry of Petroleum and Mineral Resources said in a statement. In addition, the company outlined a three-year investment program targeting additional output from its concessions in partnership with bp.
The Egyptian Bioethanol Company (EBIOL) has signed an early works contract with China TianChen Engineering Corporation (TCC), a subsidiary of China National Chemical Engineering Company (CNCEC), to keep Egypt’s large-scale bioethanol production project on track according to the planned timeline.
Pharaonic Petroleum Company (PHPC)—a joint venture between BP and the Egyptian Natural Gas Holding Company (EGAS)—briefed Minister of Petroleum and Mineral Resources Karim Badawi on updates to its production drilling plans and the safety protocols currently in place. The presentation was delivered by PHPC Chairman Hossam Zaki, with the company’s operational team in attendance at the Ha’py fields in Port Said, one of the fields operated by PHPC.
The Gulf of Suez Petroleum Company (GUPCO), in collaboration with Dragon Oil, organized a workshop on the optimal use of artificial intelligence (AI) applications in developing and enhancing production from brownfields.
