Khalda Petroleum, Belayim Petroleum Company (Petrobel), and the Gulf of Suez Petroleum Company (GUPCO) have made three new oil and gas discoveries in their concession areas in the Western Desert and the Gulf of Suez.
The Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year charter agreement with Höegh Evi for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in the fourth quarter (Q4) of 2026 to Ain Sokhna’s Sumed Port. The FSRU will provide up to 1,000 million standard cubic feet per day (mmscf/d) of peak liquefied natural gas (LNG) regasification capacity.
The Egypt Upstream Gateway (EUG) organized a specialized workshop to discuss promising exploration opportunities and undeveloped discoveries on the investment map. It reviewed 13 investment opportunities currently offered for bidding, including seven undeveloped discoveries in the Mediterranean Sea for the Egyptian Natural Gas Holding Company (EGAS) for the first time, three exploration areas in the Western Desert for the Egyptian General Petroleum Corporation (EGPC), and three exploration areas in the Gulf of Suez for the Ganoub El Wadi Petroleum Holding Company's (Ganope), which are scheduled to close on July 2, 2025.
The Ministry of Petroleum and Mineral Resources (MoPMR) has announced a compensation for citizens whose fuel pumps were damaged due to gasoline that was found to be defective after testing. The decision came after a recent surge in complaints regarding fuel quality. Drivers who reported issues between May 4 and May 10 via the hotline 16528 or the government's online complaints system will be eligible for compensation up to EGP 2,000 to cover fuel pump replacement costs.
Egypt has set a three-year plan to convert 220,000 cars to run on natural gas, starting with 50,000 vehicles in fiscal year 2025/2026.. This initiative is part of the country's broader clean energy transition, aimed at reducing emissions, cutting reliance on subsidized petroleum products, and lowering fuel costs for citizens.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Saad Sherida Al-Kaabi, Qatari Minister of State for Energy Affairs, Deputy Chairman and President and CEO of Qatar Energy, in Doha today to discuss and explore cooperation and joint investments in the energy sector
The Ministry of Petroleum and Mineral Resources (MoPMR) has received 870 complaints regarding gasoline quality from May 4 to 9, with Cairo reporting 429 complaints–the highest among all governorates.
Amid ongoing uncertainty over the link between fuel quality and the recently prevailing vehicle pump failures across the country, the Ministry announced on Sunday that affected individuals can claim up to EGP 2,000 in compensation for pump replacement, provided it is reported between May 4-10, 2025 via the hotline 16528 or the government complaints system website with proper documentation.
Egypt’s Ministry of Petroleum and Mineral Resources announced on May 6, 2025 the completion of its first accredited training program for Security Operations Center (SOC) professionals, marking a key step in enhancing cybersecurity across the country’s energy sector.
Chevron is looking to expand its upstream operations in Egypt by acquiring new offshore acreage. The company is in advanced negotiations with the Egyptian government for a direct award of the West Star block, located near the Cyprus border.
The Egyptian International Gas Technology Company (GASTEC), an affiliate of EGAS, signed a cooperation agreement with Novartis Egypt for Pharmaceuticals to supply biogas to the latter’s factory in Cairo. This is within the framework of the fourth and fifth pillars of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy, which are focused on diversifying sustainable energy sources, promoting environmental sustainability, and reducing emissions.
