Egypt targets a 20% increase in exploration and production activities in 2026, alongside refinery upgrades, new gas processing capacity, and digital initiatives aimed at boosting domestic output, reducing imports, and attracting investment.
Dana Gas’ Egypt oil production rose to 13,300 barrels of oil equivalent per day (boe/d) in the first half (H1) of 2026 marking a 7% year-on-year (YoY) hike compared to its level a year earlier. Also, its latest drilling campaign in Egypt identified an estimated 10 billion cubic feet (Bcf) of gas resources, exceeding the original predictions of 3 Bcf and thus could support an additional 12 Bcf of gas resources across the license area once developed, according to a statement by the UAE-based natural gas company.
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, reviewed the operating position of the national natural gas network and the plans to secure supplies during the second half of summer.
ECHEM Chairman Alaa El-Din Abdelfattah reviewed the progress of the Suez Methanol Derivatives project in Damietta, which targets producing 140,000 tons per year of value-added petrochemical products.
The Egypt’s Natural Gas Vehicles Company (Cargas) has exported its first-ever shipment of hydraulic oils to Türkiye, marking the company’s entry into the export market for lubricants as it seeks to diversify its activities and expand into regional and international markets.
A rockfall in one of the underground tunnels of Sukari Gold Mine in the Eastern Desert resulted in the death of Abdel Rahman Nabil Mahmoud, a mine worker and the injury of five others, said a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
The injured workers were immediately transferred to a Hospital in Marsa Alam to receive the necessary medical care. Preliminary medical reports indicated that their conditions are stable. Underground operations in the affected area have been temporarily suspended until the required procedures are completed and all safety requirements and measures are confirmed before work resumes, the MoPMR noted.
AlexFert has signed a 30-year Power Purchase Agreement with SolarizEgypt to supply its Alexandria facility with 1 MW of solar power, supporting renewable energy use while reducing its reliance on electricity from the national grid.
The Egyptian operations of the APA Corporation, parent of US Apache Corporation, reported an average adjusted production of 61,000 barrels of oil equivalent per day (boe/d) in the second quarter (Q2) of 2026, in line with guidance, while gross production averaged 207,000 boe/d.
Meanwhile, Gross gas production in Egypt increased to 539 million cubic feet per day (mmcf/d) in Q2 of 2026, up from 518 mmcf/d in Q1 of 2025. The APA’s gas-focused development program supported the growth. The group noted that nearly half of its gas production in Egypt is now realizing enhanced value under the country's modernized pricing agreement.
Vaalco Energy, an American independent oil and gas company, reported 30% increase in oil sales from its Egyptian operations during the second quarter (Q2) of 2026 compared to the previous quarter, generating $86.4 million. The increased sales were reflected in an 11% increase in net profit from the Egyptian operation over the same period, to $43.4 million, according to a statement by Vaalco.
Vaalco as a whole reported net profit of $42.4 million in Q2 of 2026, compared with $13.2 million in Q2 2025, supported by higher sales, stronger realized prices, hedging gains, and lower exploration expenses.
Egypt is preparing to raise oil and natural gas production and cut petroleum imports as it works to secure energy supplies under its FY2026/27 development plan.
