UK Energy Companies Eye Petrochemical, oil, SAF Investments in Egypt

• Thursday, 20th November 2025
• by Sherine Samir

British companies, including BP, Shell, Harbour Energy, and Capricorn show increased interest in Egypt with an obvious commitment to inject substantial investments into is evident of the appeal of Egypt’s energy investment landscape, said Karim Badawi, Minister of Petroleum and Mineral Resources, during his meeting with Mark Bryson-Richardson, the British Ambassador to Cairo, and his accompanying delegation, on November 20.

The Minister also highlighted Egypt's growing role as a regional gas and oil trading hub, which receives significant quantities of gas, particularly those expected from Cypriot fields, that can be directed to value-added industries. He also reviewed the ongoing mutual projects in the oil, gas, petrochemical, and mining sectors.

SLB, MoPMR Host Workshop to Advance AI in Exploration and Production

• Thursday, 20th November 2025
• by Samar Samir

Ministry of Petroleum and Mineral Resources (MoPMR) organized the second workshop about the applications of Artificial Intelligence (AI) in oil and natural gas Exploration and Production (E&P), in cooperation with SLB.

The attendees included  Ehab Ragaee, First Undersecretary for Production Affairs at the Ministry of Petroleum and Mineral Resources (MoPMR), and Mohamed Radwan, Vice Chairman of South Valley Egyptian Holding Company for Petroleum (GANOPE) for Agreements and Exploration, and Director of the Egypt E&P Gateway, alongside several company chairmen, exploration managers, and representatives of foreign partners.

Egypt Makes New Offshore Oil Discovery in Gulf of Suez

• Thursday, 20th November 2025
• by Doaa Ashraf

Ministry of Petroleum and Mineral Resources announced a new offshore oil discovery in the Gulf of Suez after drilling the NER-1X well. Production is expected to begin within days at about 3,000 bbl/d, using the existing Al-Fanar platform to reduce development costs.

Egypt, Algeria Talk Energy Cooperation Ahead of Joint Committee

• Thursday, 20th November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources met with Mohamed Sofiane Berrah, Ambassador of Algeria to Egypt to discuss means for enhancing cooperation between both sides in the oil, gas, and mineral resources domains, in light of the Memorandum of Understanding (MoU) signed in October 2022.

Egypt, Russia Seal Fuel Order, Cooperation for El-Dabaa Nuclear Plant

• Wednesday, 19th November 2025
• by Doaa Ashraf

Egypt and Russia’s state-owned Rosatom have signed a nuclear fuel purchase order and a comprehensive cooperation agreement for the El-Dabaa Nuclear Power Plant. The signings occurred during a high-profile ceremony for the installation of the Reactor Pressure Vessel (RPV) for Unit 1 of the plant.

President Abdel-Fattah El-Sisi and the Russian President Vladimir Putin attended the ceremony. The event coincided with Egypt’s Fifth Annual Nuclear Energy Day, commemorated yearly on November 19th to mark the 2015 intergovernmental agreement between Egypt and Russia to build and operate the nation's first nuclear power plant.

Badawi Boasts Sector Achievements on National Petroleum Day

• Tuesday, 18th November 2025
• by Doaa Ashraf

Minister of Petroleum and Mineral Resources Karim Badawi announced a series of major sector achievements while celebrating the Golden Jubilee of National Petroleum Day, according to a statement by the ministry .
The petroleum sector recorded 75 new oil and gas discoveries and brought 383 new wells into production, adding 1.1 billion cubic feet (bcf) of gas and nearly 200,000 barrels per day (bbl/d) of crude oil.

Maridive Sets Up Fully Owned Marine Services Firm in UAE

• Monday, 17th November 2025
• by Doaa Ashraf

The Ordinary General Assembly of Maridive Oil Services has approved the formation of an AED 1 million wholly owned limited liability company in the UAE. The new company will provide a wide range of marine-related activities, including, maintenance, installations, construction, and salvage operations both underwater and above water. It will also provide industrial services for onshore and offshore facilities such as cleaning, maintenance, construction, transportation, supply, and provisioning of equipment and spare parts.

NDC Profit Rises by 11.85 % in 9m 2025

• Monday, 17th November 2025
• by Doaa Ashraf

National Drilling Company (NDC), an Egyptian oil and natural gas services provider, recorded a net profit of $6.61 million for the nine months ending on  September 30, 2025, marking an 11.85 % increase from the level recorded in the same period of 2024, according to figures released to the Egyptian Stock Exchange (EGX).

The company also saw its net profit for the first half of the year ending in June 2025 reaching  $3.699 million, up from $3.185 million in the previous year.

Khalda Makes New Gas Find in Western Desert

• Monday, 17th November 2025
• by Doaa Ashraf

Khalda Petroleum Company has made a new natural gas discovery in the Western Desert, after drilling and electrical logging confirmed gas presence with an estimated production rate of around 36 million cubic feet per day (mmcf/d). Testing and initial flow assessments are currently underway, with plans to bring the exploratory well, Gomana-1, into production on November 19.

Egypt to Export 3,000 MW to Europe via Greece

• Sunday, 16th November 2025
• by Samar Samir

Egypt signed an agreement to export 3,000 megawatt (MW) of electricity to Europe via the Greek network, a step that aligns with the country's plan to become a regional energy hub,noted a statement by the Ministry of Petroleum and Mineral Resources.

The trilateral agreement was signed by the Egyptian Electricity Transmission Company (EETC), Greece’s Independent Power Transmission Operator (IPTO), and Iliaka, a subsidiary of the Copelouzos Group. It mandates the start of final studies for the implementation of the Egypt–Greece grid connection project.

The interconnection is part of a broader strategy to link Egypt's national grid with the unified European electrical grid, solidifying Egypt's role as a regional energy hub and a vital bridge for exchanging power between Africa, Asia, and Europe, added the statement.