Columbia Group, a global leader in integrated maritime services, and its long-time partner, Pan Marine Shipping Services, one of Egypt's largest maritime solutions providers, have joined forces to launch a new joint venture, Columbia Pan Marine Ship Management Egypt. The new entity will represent the Group in Egypt and will offer the complete range of services from Columbia Shipmanagement and the broader Columbia Group.
Egypt has signed two memoranda of understanding (MoU) with UAE-based International Resources Holding (IRH) in the fields of mining and finance.
Petroleum Pipelines Company (PPC) has completed the SCADA system for automated monitoring, control, and early detection of pipeline leaks. The system protects pipelines from tampering and theft, said Haggag Rabie, the company’s chairman. The project is one in a package of projects recently undertaken by the company to replace, renew, and increase the efficiency of petroleum product pipelines nationwide. A key objective of these projects was to secure the necessary fuel supplies for electricity plants as the primary consumers. The total cost of these projects amounted to EGP 3.3 billion.
The board of directors of TAQA Arabia, Egypt’s leading private sector energy and utility provider, held a meeting recently via video conference to approve the company's management presentation for the second quarter investment plans, according to the company's disclosure to the Egyptian stock exchange During the meeting, the board reviewed the latest developments of the Zafarana solar energy project, implemented under a memorandum of understanding signed with the Ministry of Electricity in 2024. The project is Egypt's first and largest solar-powered desalination plant. The board also reviewed the potential of investing in Liquefied Natural Gas (LNG) projects in Tanzania.
Assiut Oil Refining Company (ASORC) processed over 3.1 million tons of crude oil maximizing its production of high-value petroleum products during fiscal year (FY) 2024/25, ASORC Chairman Mahmoud Nagy said.
Egypt and Sudan explored avenues for cooperation in the mining and value-added industries in a meeting between Karim Badawi, Egyptian Minister of Petroleum and Mineral Resources; Nour El-Daim Taha, the Sudanese Minister of Minerals; and Omar El-Farouq, the Sudanese Deputy Ambassador to Cairo, and representatives from leading Sudanese mining companies and institutions.
Capricorn Energy Egypt, a wholly owned subsidiary of Capricorn Energy PLC, has completed its 2024-2205 Social Investment Project in Matruh Governorate targeting villages of El-Negila and Sidi Barrani, including those of Abu Milad, Abu Ghalila, and Abu Omeira.
The project involved the construction of 25 home roofs and 80 rainwater harvesting wells to enhance access to clean water. The project also included the launch of 74 income-generating projects such as pigeon towers and goat farming areas as well as the deployment of eight veterinary convoys to safeguard livestock health and local food security.
Karim Badawi, the Minister of Petroleum and Mineral Resources, has announced new appointments in gas companies to boost their management.
The General Petroleum Company (GPC) re-explored brownfields using unconventional methods for the first time, leveraging artificial intelligence (AI) during fiscal year (FY) 2024/25. This led to two discoveries in the Western Desert fields, GPS and GPR, with a total production of 2,700 barrels per day (bbl/d). Additionally, it added a reserve of approximately 62.4 million barrels of oil equivalent (boe) in a mature area where production had ceased for many years, Mohamed Abdel Meguid, GPC Chairman, stated
Karim Badawi, the Minister of Petroleum and Mineral Resources, has appointed Yasser Salah Eldin as Chief Executive Officer (CEO) and General Manager of Jordanian Egyptian FAJR Natural Gas Company.
