Egypt to Add 2,500 MW of Renewable Energy to National Grid in 2026

• Thursday, 9th April 2026
• by Sarah Samir

Egypt will add 2,500 megawatts (MW) of renewable energy to the unified national grid during 2026, strengthening the sustainability and stability of the national electricity system, according to Mahmoud Esmat, Minister of Electricity and Renewable Energy. Esmat highlighted ongoing efforts to improve production efficiency, reduce reliance on fossil fuels, and achieve a balanced energy mix, with a strategic target for renewable energy to meet at least 42% of domestic needs by 2030.

Cargas Reports 61% Surge in Natural Gas Vehicle Conversions for 2025

• Thursday, 9th April 2026
• by Doaa Ashraf

The Natural Gas Vehicles Company (Cargas) converted 30,000 vehicles to run on Compressed Natural Gas (CNG) during 2025, marking a 61% increase compared to the previous year, according to Chairman and Managing Director Mohamed Ismail. At this rate, the company accounted for 41% of the total CNG market, backed by its nationwide network of 56 conversion and maintenance centres.

The results were announced during the company’s ordinary general assembly meeting, which was convened to approve the fiscal year (FY) 2025 results. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, alongside leaders from the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding (EGAS).

Egypt Inks $740m Fertilizer and Chemicals Agreements in SCZONE

• Wednesday, 8th April 2026
• by Doaa Ashraf

Two agreements, with total investments of $740 million for establishing a Phosphate Fertilizer plant and a Chemical project in the Suez Canal Economic Zone(SCZONE), were signed on April 8 in the presence of  Prime Minister Mostafa Madbouly.

Valmore Holding Distributes $53 Mn Dividend, Elects New Board of Directors

• Wednesday, 8th April 2026
• by Doaa Ashraf

Valmore Holding, formerly Egypt Kuwait Holding, has approved the distribution of about $53 million in cash dividends to shareholders, amounting to 0.045 per share (4.5 cents), according to its ordinary general assembly meeting convened on April2. This brings the company’s cumulative dividends since inception close to $1 billion.

Badawi at AmCham: Egypt Clears Energy Debt, Unlocks Investment

• Wednesday, 8th April 2026
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources (MoPMR) has successfully reduced investment partner arrears from $6.1 billion in June 2024 to approximately $1.3 billion, with a target to fully settle all outstanding debts by June 2026, Minister Karim Badawi recorded during an American Chamber of Commerce (AmCham) event.

On the sidelines of the meeting, which was convened by AmCham and attended by leaders from major international energy firms, top executives affirmed their commitment to the Egyptian market.

Egypt Signs MoU with China’s UEG to Develop Mediterranean Green Hydrogen Hub

• Wednesday, 8th April 2026
• by Doaa Ashraf

Green Hydrogen Development Holding Limited, a subsidiary of United Energy Group (UEG), has signed a Memorandum of Understanding (MoU) with Abu Qir Fertilizers and Chemicals Company, Alexandria Fertilizers Company (Alexfert), and Orascom Construction SAE to explore the development of a Mediterranean Green Hydrogen Hub project in Alexandria.

EPSCO Labor-Supply Business Grows 24% in 2025

• Tuesday, 7th April 2026
• by Doaa Ashraf

The Egyptian Petroleum Services Company (EPSCO) recorded a 24 % increase in revenue from its labor-supply business line to reach EGP 8.2 billion in 2025, according to Chairman Ahmed Shehata.

EPSCO is a prominent services provider with over 15 years of experience in the oil and natural gas sector. The company delivers integrated solutions ranging from workforce supply and procurement to transportation and support for drilling, exploration, and maintenance operations.

MOPCO Surpasses Urea and Ammonia Production Targets in 2025

• Tuesday, 7th April 2026
• by Sarah Samir

Misr Fertilisers Production Company (MOPCO) reported urea production of 1.7 million tonnes in fiscal year 2025, achieving 102% of its investment plan, while ammonia output reached 1.1 million tonnes, also 102% of target. Ahmed Mahmoud, MOPCO chairman, announced at the company’s general assembly convened to approve the 2025 results.

The meeting, chaired by Alaa El-Din Abdel Fattah, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), approved a cash dividend of EGP 3.94 per share. Abdel Fattah highlighted Mopco’s vital role in the national economy, noting that the company covers 26% of the domestic market's urea fertilizer demand.

GUPCO Strikes 2,500 bbl/d in the Gulf of Suez

• Tuesday, 7th April 2026
• by Doaa Ashraf

Gulf of Suez Petroleum Company (GUPCO) has completed the drilling of a new exploratory well, South Wasl BB, in the Gulf of Suez. Well tests yielded production rates of about 2,500 barrels of oil per day(bbl/d) and 3 million cubic feet of gas per day (mmcf), and the well was immediately tied into existing production facilities, thereby raising the company’s overall production capacity. GUPCO is a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and its UAE-based investment partner, Dragon Oil, which bought bp's share in the company in 2019.

Eni Makes 2 Tcf Gas Discovery Offshore Egypt

• Tuesday, 7th April 2026
• by Samar Samir

Italy's energy giant, Eni announced a significant natural gas and condensate discovery in the Temsah Concession, located offshore in Egypt’s Eastern Mediterranean. Preliminary estimates for the Denise W 1 exploration well indicate approximately two trillion cubic feet (Tcf) of natural gas initially in place (GIIP) and 130 million barrels (mmbbl) of associated condensates.

The discovery, situated 70 kilometers (km) offshore in 95 meters of water depth, is positioned less than 10 km from existing infrastructure. This proximity allows for substantial synergies, enabling a fast-track development plan to strengthen Egypt's energy security and increase national natural gas production, according to Eni's press release.