Badawi Presents New Technologies, Contract Framework to Boost Production

• Monday, 2nd March 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the sector’s five-year plan to increase oil and gas production includes implementing new contractual frameworks aimed at attracting further investments alongside expanding the use of unconventional drilling methods and the latest production technologies.

Badawi highlighted the importance of conducting comprehensive technical and economic feasibility studies as part of the plan, noting that such studies provide geological and financial data that help investors make well-informed investment decisions based on clear foundations.

The remarks came during a meeting with heads and representatives of investment partners involved in oil and gas production from both international and local companies. They reviewed and discussed key features of the plan.

Valmore Holding Revenues Grow 24% YoY in 2025

• Monday, 2nd March 2026
• by Sarah Samir

Valmore Holding, previously known as Egypt Kuwait Holding, reported its financial results for the fiscal year (FY) 2025, with revenues rising 24% year-on-year (YoY) to $685 million. Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 26% YoY to $322 million. At the same time, net profit remained broadly stable at $186 million, compared with the previous year, boosted by one-off foreign exchange gains of $54.5 million.

Esmat Ensures Electricity Grid Security and Sustainability

• Sunday, 1st March 2026
• by Sarah Samir

Egypt’s power system is operating normally, with a strong and resilient unified grid and generation units running on equivalent fuel, according to Minister of Electricity and Renewable Energy Mahmoud Esmat.
This came during Esmat’s meeting with members of the Permanent Committee for Crisis and Risk Management, where he directed raising preparedness levels to secure the unified grid, ensure stability and continuity of supply, and adhere to the timeline for renewable energy projects. He reviewed the action plan aimed at elevating service levels, improving supply quality, and ensuring the security and sustainability of the electricity grid, in light of the military escalation and emergency conditions unfolding in the region.
The committee, which includes member companies, authorities, and affiliated centers, convened as part of ongoing preparations to address all possibilities, variables, and potential outcomes arising from the regional situation.

Badawi Announces New Technology Appointments Across Petroleum Sector

• Sunday, 1st March 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, has issued a reshuffle involving leadership positions in information and communications technology (ICT) and information systems (IS) fields at the ministry and some petroleum sector companies.

MoPMR Unveils Energy Security Strategy Amid Regional Tensions

• Sunday, 1st March 2026
• by Sarah Samir

Egypt has been implementing a package of proactive measures designed to secure domestic natural gas and petroleum product supplies, according to a statement by the Ministry of Petroleum and Mineral Resources(MoPMR) released after the Israeli strikes on Iran.

This comes as part of an integrated Cabinet-led effort, in coordination with relevant ministries and state institutions, to enhance readiness for emerging developments as energy security remains a fundamental pillar of Egypt’s national security, according to the statement.

The Ministry is closely monitoring current developments resulting from recent military strikes and the subsequent repercussions, including the suspension of piped gas supplies from the Eastern Mediterranean. The Ministry reassured citizens of the diversity of gas supply sources and the availability of ready alternative capacities.

Egypt Accelerates Horizontal Drilling to Boost Oil and Gas Output

• Sunday, 1st March 2026
• by Fatma Ahmed

The Minister of Petroleum and Mineral Resources, Karim Badawi, said that the petroleum sector is fast-tracking the deployment of horizontal drilling and hydraulic fracturing technologies to unlock hard-to-reach oil and gas reserves and drive a significant increase in crude and natural gas production under the ministry’s five-year plan.

MIDTAP Handles Over 5 mmt of Petroleum Products in 2025

• Sunday, 1st March 2026
• by Doaa Ashraf

Middle East Oil Tankage and Pipelines (MIDTAP), Egypt’s operator of oil storage, pipelines, and marine terminal services, handled more than 5 million tons of petroleum products in 2025, including diesel, jet fuel and styrene, one of the petrochemical products, with the total number of tankers reaching 180, said Chairman Hasanen Mohamad Hasanen during the the company’s general assembly meeting to approve its 2025 fiscal year (FY) results.

He noted that the company’s marine dock recorded growth in activity in the movement of petroleum products compared to the previous year. In 2024, MIDTAP recorded a total of 4.7 million tons of petroleum products traded at its dock with receiving 153 of tankers.

El-Sisi Talks Renewable Investments with Scatec, Envision Energy

• Thursday, 26th February 2026
• by Sarah Samir

President Abdel Fattah El-Sisi held a meeting with Terje Pilskog, Norway's Scatec CEO, and Lei Zhang, the Chairman of the Chinese Envision Energy, to discuss expanding renewable energy investments and green hydrogen collaboration, according to a presidential statement.
The President highlighted that strengthening partnerships with leading international companies is essential to meet the growing domestic and global demand for renewable energy generation. This strategy aims to secure and enhance energy supply chains while transitioning toward a sustainable green economy.

Badr Petroleum Hits 6,500 boe/d in H1 of FY2025/26

• Thursday, 26th February 2026
• by Doaa Ashraf

Badr Petroleum Company recorded an average production of 6500 barrel of oil equivalent per day (boe/d), achieving its targets for the first half of the current fiscal year, said Ibrahim Massoud, who serves as the Chairman of both the Western Desert Operating Company (WEPCO) and its subsidiary Badr Petroleum Company.
Massoud added that two development wells were drilled, contributing to higher natural gas production rates, with the second well scheduled to be brought online next week.

This came during the general assembly meeting of the Badr Petroleum Company to review the amended investment plan for the fiscal year (FY) 2025/2026 including the addition of a new development well at the Badr-1 field, creating new production opportunities.

Global Solar Council Commends Egypt’s Clean Energy Shift

• Thursday, 26th February 2026
• by Samar Samir

In its February 2026 report, the Global Solar Council (GSC) praised Egypt’s strategic efforts to diversify its energy mix and bolster green electricity exports, solidifying the nation's standing as a regional hub for sustainable energy, noted a statement by the Egyptian Cabinet.
nt also pointed out that Norway’s Scatec has announced the commencement of commercial operations at its Obelisk solar project in Nagaa Hammadi. The facility marks Egypt’s first hybrid renewable energy plant, integrating solar Photovoltaic (PV) generation with advanced battery storage technology.