News / Egypt

Khalda’s new drilling system Saved 60 days and $3mn in Operational Costs in 2024

Khalda Petroleum Company, partnering with international energy firm Apache, has optimized oil and gas well drilling operations in the Western Desert resulting in a cost reduction of $3 million and the connection of 110 wells. Khalda reduced the average drill pipe connection time from 24 minutes to 18 minutes, with some well recording 12.5 minutes. Following this momentum, the company drilled 54 wells in the first half of 2025 reaching an additional 15%-time efficiency gain compared to 2024. This yielded a further 180-day reduction in overall drilling time and over $15 million in cost savings.

El Sewedy Capital Signs MoU for Phosphate Exploration in El-Sebaeya Mines

The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with El Sewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation, and production of phosphate ore in the Nile Valley region (El-Sebaeya mines), in addition to increasing the concentration of the ore and preparing a feasibility study for establishing a factory to produce phosphate fertilizers.

Agiba Petroleum Makes New Discovery with 2,500 boe/d Initial Production Rate

Agiba Petroleum Company, a joint operating venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, announced a new discovery with the Arcadia West field in the Western Desert, which was swiftly brought into production.

Alexandria Refineries Showcase Strategy to EGPC’s Chairman

Chairman of the Egyptian General Petroleum Corporation (EGPC), Salah Abdel Kerim, visited three refining companies in Alexandria: the Middle East Oil Refinery (MIDOR); Amreya Petroleum Refining Company (APRC); and Alexandria National Refining and Petrochemicals Company (ANRPC).

Agiba Petroleum Production Reaches 44,196 boe/d in May

Agiba Petroleum's Chairman, Tharwat El Gendy, presented the company's performance results for the period spanning July 2024 to June 2025. He confirmed that daily production peaked last May, reaching 44,196 barrels of oil equivalent per day (boe/d). The company's immediate goal is to maintain an average daily production of 30,000 boe/d throughout the upcoming fiscal year 2025/26.

Agreements Signed to Begin Building Phosphoric Acid Complex in New Valley

Egypt finalized agreements needed to start the construction of the phosphoric acid production complex at Abu Tartour in the New Valley. The project aims at maximizing the added value and increasing the economic return of Egyptian phosphate ore by using it in high-yield industries rather than exporting it as raw material.

Badawi Reviews Petrogas’ SCADA Implementation

Minister of Petroleum and Mineral Resources, Karim Badawi, led an inspection tour of the remote monitoring and control system (SCADA System) used to monitor liquified petroleum gas (LPG) distribution at Petrogas Company.

Tax Authority: VAT Amendments Will Not Raise Fuel Prices

The Egyptian Tax Authority (ETA) announced limited amendments to the Value Added Tax (VAT), introducing a 10% tax on crude oil. However, this tax will not affect the price of local petroleum products, according to an ETA statement. This, noted the statement, is because the Egyptian General Petroleum Corporation (EGPC), the sole purchaser of crude oil in Egypt, has already included the new 10% tax among its expenditures for the new fiscal year starting July 1st.

MOPCO, Abu Qir Fertilizers Restarts Operations After Resumption of Gas Supplies to their plants

Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers and Chemical Industries Co have gradually resumed operations of their plants following a temporary shutdown in recent days on the back of the government suspending the natural gas supplies to energy-intensive industries, according to disclosures sent by the two companies to the Egyptian Stock Exchange.
The Ministry of Petroleum and Mineral Recourses announced on Thursday the resumption of natural gas supply at normal levels to all industrial sectors. following Minister Karim Badawi visit to the main control center of the national natural gas network operated by the Egyptian Natural Gas Company (GASCO) in New Cairo. He oversaw natural gas flow regulation and the security of domestic supply across both the industrial and electricity sectors.

Burullus Gas Company Brings Siena DE Development Well Online Ahead of Schedule

Shell and PETRONAS’ Burullus Gas Company brought the Siena DE development well online three days ahead of schedule. This achievement marks the first milestone in the eleventh phase of the West Delta Deep Marine (WDDM) project.

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