Wadico Adds 5.4M Tons in New Phosphate Reserves

• Monday, 25th August 2025
• by Sarah Samir

The New Valley Company for Mineral Resources and Oil Clay’s (Wadico) successfully added 5.4 million tons of new phosphate to its reserves during 2025, as part of the company's plans to maximize its reserves and add value to mineral ores, especially phosphates, according to Chairman Amgad Ghoniem‏.

 WADICO is also working on a project to improve the quality of low- and medium-grade phosphate ores, which will double the high-quality stock and enable the company to enter into partnerships for producing phosphate fertilizers. The company is focusing its efforts on maximizing green mining operations. It is also preparing to launch the first environmentally friendly phosphate crusher at its work site in Aswan, according to Ghoniem.

ECMR Expands Operations to Include Tin Ore, Targets Production Boost

• Monday, 25th August 2025
• by Sarah Samir

The Egyptian Company for Mineral Resources (ECMR) targets increasing production to a total of about 593,000 tons of various ores, especially phosphate, along with other minerals like quartz and talc in addition to expanding the scope of targeted ores at the Wadi Al-Shaghab site to achieve higher production rates, and start working on tin ore for the first time, according to the company's chairman,Amr Hassan during  ECMR's  general assembly meeting chaired by Minister of Petroleum and Mineral Resources, Karim Badawi.

SMRC Increases Gold Production, Targets 6 Tons in 5 Years

• Monday, 25th August 2025
• by Sarah Samir

Shalateen Mineral Resources Company's (SMRC) total gold production increased to more than 900 kilograms during 2024 from the Iqat mine and adopting the artisanal and small-scale mining system (ASM)—a framework that regulates individuals and small groups extracting minerals with limited tools and machinery, said chairman Hany Mustafa. He highlighted the company’s main results for the year during the company's general assembly, chaired by Minister of Petroleum and Mineral resources Karim Badawi. Mustafa also revealed that the company aims to increase production to about 6 tons within five years.

Petroleum, Military Production Ministers Review Cooperation in Key Projects

• Sunday, 24th August 2025
• by Sarah Samir

Minister of Petroleum and Mineral Resources Karim Badawi met with Minister of State for Military Production Mohamed Salah El-Din to review ongoing and future cooperation between the two ministries. Badawi stated that his ministry is eager to expand its collaboration with the Ministry of Military Production

Badawi Expands Cooperation with Chile’s Enap Sipetrol in Petroleum, Mining Sectors

• Sunday, 24th August 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Roberto Ebert, Ambassador of Chile to Cairo, along with a delegation from the Chilean ENAP Sipetrol, which has current investments in Egypt, to discuss cooperation plans in oil production in collaboration with the Egyptian General Petroleum Company (EGPC).

The meeting addressed ways to accelerate ENAP’s operations in the West Amer  Area in the Eastern Desert in cooperation with EGPC, in order to increase production rates and review its future plans to drill new wells and expand exploration activities.

MoMPR Works to Fully Utilize Petrochemical Production Capacity

• Sunday, 24th August 2025
• by Doaa Ashraf

Minister of Petroleum and Mineral Resources Karim Badawi said that the ministry is working to fully utilize petrochemical production capacities and explore expansion opportunities to increase added value, cut import costs, boost exports, and support the economy. His remarks came during inspection tours of petrochemical production complexes in Alexandria Governorate.

No Dispute with Oil Companies Over VAT: Egyptian Tax Authority

• Sunday, 24th August 2025
• by Sarah Samir

The Egyptian Tax Authority (ETA) stated that there is no truth to reports of disputes between the government and oil companies over the new value-added tax (VAT) law, confirming that the law is clear and a full agreement has been reached on all issues and that the executive regulations will be issued soon, according to a statement by the Ministry of Finance.
ETA explained that the Egyptian General Petroleum Corporation (EGPC) is the sole purchaser of crude oil in Egypt. It bears the value-added tax at a rate of 10% as the recipient and beneficiary of the commodity, whether the oil is locally produced or imported, and it is responsible for remitting the tax to the ETA. 

SCZONE Signs MoU with Japan for Green hydrogen Cooperation

• Wednesday, 20th August 2025
• by Doaa Ashraf

Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone (SCZONE) signed a Memorandum of Understanding (MoU) for cooperation on green hydrogen with TANAKA Shin-ichi, Director General of the  Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government, on August 20.

The signing ceremony took place in the presence of Tokyo Governor Yuriko Koike and Prime Minister Mostafa Madbouly, on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9), held in the Japanese city of Yokohama.

MIDOR Boosts Refining Capacity to 160,000 Barrels Per Day

• Wednesday, 20th August 2025
• by Doaa Ashraf

Middle East Oil Refinery (MIDOR) refinery has raised its operating capacity to 160,000 barrels per day (bbl/d), driven by its new refinery expansions efforts to boost local production and reduce reliance on imports.

ANRPC Produces 1.6 M Tons of High-Octane Gasoline in FY 2024/25

• Wednesday, 20th August 2025
• by Sarah Samir

Alexandria National Refining & Petrochemicals (ANRPC) maintained high productivity during the fiscal year 2024/2025 producing 1.6 million tons of high-octane gasoline, in addition to other high-value products, ANRPC Chairman Sayed Al Rawy told attendees of the company's general assembly, headed by Minister of Petroleum and Mineral Resources, Karim Badawi.