China’s Xingfa to Develop Mining Project in Golden Triangle

• Wednesday, 28th January 2026
• by Fatma Ahmed

China’s Xingfa Group signed a Memorandum of Understanding (MoU) with  the Mineral Resources and Mining Industries Authority (MRMIA), Misr Phosphate Company, El Wadi El Gedid for Mineral Resources and Oil Shale (WADiCO),   to develop an integrated industrial project for phosphate, quartz, and silica sand in the Golden Triangle region.

Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of the MoU which aims to assess the feasibility of establishing an integrated industrial project focused on maximizing the added value of these mineral resources, as part of Egypt’s broader strategy to develop its mining sector and enhance downstream manufacturing, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

France’s Technip Energies in Talks to Launch JV with Enppi and PETROJET

• Wednesday, 28th January 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, held talks with high-level representatives from Technip Energies, a global leader in energy transition technologies, to finalize the executive steps for establishing a joint venture (JV) with Egypt's Enppi and the Petroleum Projects and Technical Consultations Company (PETROJET).

The strategic alliance aims to execute major engineering and contracting projects both within Egypt and across international markets, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

Egypt Clears 2025 Arrears to Energean with $80Mn Payment

• Tuesday, 27th January 2026
• by Doaa Ashraf

Energean has received $80 million in outstanding dues from the Egyptian General Petroleum Corporation (EGPC), marking the final settlement for 2025, according to a press release by Energean. The company stated that it is preparing a multi-well exploration campaign, starting with drilling activates at the East Bir El-Nus (EBEN) onshore prospect in the Western Desert during the second quarter of (Q2) 2026.

SCZONE, Netherlands Explore Cooperation in Green Hydrogen and Renwables

• Tuesday, 27th January 2026
• by Samar Samir

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), hosted Peter Mollema, the Dutch Ambassador to Egypt, to discuss expanding bilateral investment in renewable energy and green hydrogen production. According to an official statement issued by the SCZONE, the meeting held at the authority’s New Capital headquarters focused on leveraging Egypt’s strategic location and natural resources to support the global energy transition. The Chairman reviewed the progress of high-value projects within the zone, specifically the "Egypt Green Hydrogen" facility. The project is currently on track to export its first shipment of green ammonia to Germany by the end of 2027.

EPC Targets 120,000 Tons PVC Expansion

• Tuesday, 27th January 2026
• by Samar Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, has approved the 2026/2027 investment budget for the Egyptian Petrochemicals Company (EPC), emphasizing the company's pivotal role in localizing the production of essential materials for secured documents and national industries. The company reported its operational performance for the first half (H1) of fiscal year (FY) 2025/2026, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). The company's Polyvinyl Chloride (PVC) production reached a five-year high of 41,000 tons, while caustic soda achieved the planned target of 60,000 tons. Moreover, EPC has completed a feasibility study for a new production line with an annual capacity of 120,000 tons.

Badawi Approves SOPC, NPC Investment Plans for FY 2026/2027

• Tuesday, 27th January 2026
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, has approved the investment budgets of Suez Oil Processing Company (SOPC) and Nasr Petroleum Company (NPC) for the fiscal year (FY) 2026/2027, focusing on upgrading production units, expanding refining capacity, and improving operational efficiency.

Egypt Exports 150,000 m³ of LNG to Türkiye

• Monday, 26th January 2026
• by Doaa Ashraf

Egypt exported in January a new shipment of liquefied Natural Gas (LNG) from Idku liquefication plant to Türkiye aboard the METHANE BECKI ANNE carrier, transporting 150,000 cubic meters (m³) for UK Shell Global, according to the Ministry of petroleum and Mineral Resources. 

SCZONE Signs $34Mn Deal with China’s CNCEC for Soda Ash Project

• Monday, 26th January 2026
• by Doaa Ashraf

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a contract with China National Chemical Engineering Company Co., Ltd. (CNCEC) worth $34 million in investments to establish an industrial project for soda ash production in the Sokhna Industrial Zone.

The agreement follows an October meeting between President Abdel Fattah El-Sisi and executives from CNCEC and its subsidiary, TCC Group, which underscored the strategic importance of the project as Egypt’s first integrated soda ash production complex.

Hunter & Co Eyes Egypt’s Mining Sector for Investments

• Monday, 26th January 2026
• by Sherine Samir

Hunter & Co, an Australian private investment and strategic advisory firm, expressed interest in investing and establishing partnerships in Egypt’s mining sector, in light of the legislative reforms and investment incentives launched by the Ministry of Petroleum and Mineral Resources to improve the investment climate and attract mining companies. This came during a meeting of the group representatives. Karim Badawi, Minister of Petroleum and Mineral Resources.

Also, the meeting followed up on outcomes of Badawi’s visit to Perth in November, during which he presented Egypt’s mining reform agenda and investment incentives, highlighting the country as an attractive destination for mining startups and international companies.

Representatives of Hunter & Co. praised the legal and regulatory reforms implemented in Egypt’s mining sector, noting that many of the measures address long-standing challenges, reduce procedural bottlenecks, and accelerate licensing and investment processes, according to a statement by the Ministry of Petroleum and Mineral Resources.

Madbouly Presents Strategy to Phase Out Gasoline and Diesel imports

• Monday, 26th January 2026
• by Samar Samir

Prime Minister Mostafa Madbouly reaffirmed the government's full support for the petroleum and petrochemical refining sectors, emphasizing that achieving self-sufficiency in products such as gasoline and diesel is a national priority to reduce the import bill. This came during the Prime Minister's high-level meeting at the New Administrative Capital on January 25 with state officials to review mechanisms for encouraging investment and securing the necessary financing for refining projects, according to a statement by the Cabinet.

The meeting was attended by Hassan Abdalla, Governor of the Central Bank of Egypt (CBE); Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Hassan El-Khatib, Minister of Investment and Foreign Trade; and Karim Badawi, Minister of Petroleum and Mineral Resources.