ExxonMobil Eyes Expanded Lubricants and Synthetic Greases Investments in Egypt

• Tuesday, 5th May 2026
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Dan Moore, Global Vice President of Lubricants at ExxonMobil, to discuss means of strengthening cooperation with the US oil and gas giant in the production, distribution, and marketing of high-performance synthetic greases.

The meeting further reviewed potential collaboration opportunities in petroleum refining, in line with the Ministry’s plans to modernize and improve refinery efficiency, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR)..

Esmat Advances Local Wind Turbine Manufacturing Plans

• Monday, 4th May 2026
• by Doaa Ashraf

Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Alexei Ba, Regional Director of SANY Group, a Chinese company that operates in manufacturing renewable energy equipment, to discuss and follow up on plans to establish a plant in Egypt to manufacture wind turbines. The project under discussion include wind power generation with a total capacity of 2,000 megawatts (MW), using locally produced equipment.

Ganope Extends Red Sea Bid Round Deadline to June 29

• Monday, 4th May 2026
• by Fatma Ahmed

The South Valley Egyptian Petroleum Holding Company (Ganope) has announced an extension of the closing date for the Red Sea international bid Round to Monday, June 29, 2026, at 12:00 PM Cairo local time. By extending the deadline, which was initially set for Monday, May 3, Ganope aims to provide additional time for companies to participate in the bid round, reinforcing Egypt’s strategy to attract investment and accelerate exploration in frontier areas.

Rashpetco Exceeds H2 2025 Production Target

• Monday, 4th May 2026
• by Doaa Ashraf

Rashid Petroleum Company (Rashpetco) exceeded its production plan by 104% during the second half (H2) of 2025, although the specific numerical targets of the original plan were not disclosed in the official statement.  Mohamed Degheidy, chairman of Rashpetco, announced that this performance was driven by the early entry of Phase 11 West Delta Deep Marine (WDDM) wells and operational efficiency gains that added 10 million cubic feet per day (mmcf/d) to the company's output.

Misr Phosphate Marks Fifth Year of Production Growth

• Monday, 4th May 2026
• by Sarah Samir

Misr Phosphate Company’s output reached 4.02 million tons, marking growth for the fifth consecutive year, outgoing chairman and managing director Mohamed Abdel‑Azim said in a Ministry of Petroleum and Mineral Resources statement. The release did not specify whether the increase was measured on a fiscal or calendar‑year basis, nor did it clarify which year was covered..

Egypt Raises Industrial Gas Price Floor to $6.50/MMBtu

• Sunday, 3rd May 2026
• by Doaa Ashraf

The government has raised natural gas supply prices for the industrial sector with a minimum selling price not fall below $6.50 per million British thermal units (MMBtu), according to a decree no. No. 1306 of 2026 issued by Prime Minister Mostafa Madbouly and published on the official Gazette El-Waqai' el-Misriyya.

Madbouly Inspects Al-Qaher-2 Drilling Rig Following Denise Gas Discovery

• Sunday, 3rd May 2026
• by Sarah Samir

Prime Minister Mostafa Madbouly inspected  Egypt’s offshore drilling rig Al‑Qaher‑2, which carried out operations for the Denise West‑1 exploratory well in the Eni‑bp Temsah concession in the Mediterranean. The operation resulted in a promising natural gas discovery, with reserves estimated at around 2 trillion cubic feet of gas, in addition to approximately 130 million barrels of condensate.

Karim Badawi, Minister of Petroleum and Mineral Resources, who accompanied Madbouly in the visit,  affirmed that the new Denis discovery represents one of the important outcomes of the Ministry’s program to settle dues owed to foreign partners and to implement new incentives aimed at accelerating investment in the petroleum and gas sector. 

ESAF, ELAB Push Egypt Petrochemicals With Honeywell Deals

• Sunday, 3rd May 2026
• by Doaa Ashraf

The Egyptian Sustainable Aviation Fuel Company (ESAF), a subsidiary of the Egyptian Petrochemicals Holding Company (ECHEM), has signed a technology license agreement with US Honeywell to deploy its Ecofining technology in Egypt's first project to produce sustainable aviation fuel (SAF). This follows a previous agreement signed in December between ESAF and Honeywell for the establishment of the project in Alexandria.

TAG Oil Extends BED‑1 Deal to 2028

• Sunday, 3rd May 2026
• by Sarah Samir

The combined production from TAG Oil’s BED4-T100 horizontal well and BED 1-7 vertical well at the Badr Oil Field (BED-1) in Egypt’s Western Desert averaged approximately 80 barrels of oil per day (bbl/d) during the Fourth quarter(Q4) of  2025. According to a company press release, average output for the full year ended December 31, 2025, stood at roughly 84 bbl/d, with cumulative gross production from both wells surpassing 83,000 barrels.

Khalda Strikes 15 Discoveries in H1 2025/26

• Sunday, 3rd May 2026
• by Fatma Ahmed

Khalda Petroleum Company, a joint venture(JV) between the US-based Apache Corp and the Egyptian General Petroleum Corporation (EGPC), made 15 oil discoveries and bolstered its reserves by approximately 15 million barrels of oil equivalent (mmboe) during the first half (H1) of fiscal year (FY) 2025/26, according to Moataz Atef, Country Chairman and Managing Director. Furthermore, the company met 100% of its oil output target and exceeded its natural gas target by 7%.