The Egyptian Maintenance Company (EMC) (San Masr) secured a 10-year international contract valued at approximately €46 million to provide long-term maintenance for natural gas turbines at the Arab Potash Company’s power generation plant in Jordan, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
TAQA Arabia, signed an agreement with the military-affiliated National Service Projects to acquire a stake in 172 fuel stations operated under the “Wataniya” brand, according to a cabinet statement.
The deal will take place through transferring the ownership of the stations to a newly established company, Quick Fuel for Petroleum Products Trading and Distribution, in which Taqa Arabia will acquire a 10% stake with an option to purchase an additional 15% once the company is listed on the Egyptian Stock Exchange.
The newly listed energy solutions provider Korra Energi, in alliance with High Dam for Electrical and Industrial Projects(HIDLECO), has secured the first and third lots of a major Egyptian electricity transmission project. According to a company press release dated June 11, the project involves constructing 500-kilovolt (kV) extra-high-voltage overhead transmission lines to connect wind power facilities in the Gulf of Suez to the national grid.
Trading in energy solutions firm Korra Energi began today on the Egyptian Stock Exchange, following an offering earlier this month of an 11% stake split between a private placement for institutions (60%) and a public tranche for retail investors (40%) at EGP 2.97 per share.
Founded in 1982 as a land reclamation operation, Korra has evolved into a diversified energy and infrastructure player with a focus on efficiency, inaugurating Egypt’s first tri- generation plant, which produces electricity, heating, and cooling simultaneously from a single fuel source, in 2022.
The Mineral Resources and Mining Industries Authority (MRMIA) launched an Open Blocks System offering exploration and exploitation opportunities across several mineral commodities. The bid round targets gold and associated minerals, phosphate, talc, and kaolin.
The offering officially commenced on Wednesday, June 10, at 12:00 PM Cairo time.
Prime minister Mostafa Madbouly, held a meeting to follow up on securing financing for new and renewable energy projects, ensuring alignment with their implementation timelines, according to a statement issued by the Cabinet.
Karim Badawi, Minister of Petroleum and Mineral Resources, met with US Secretary of Energy Chris Wright at the US Department of Energy headquarters to discuss expanding the strategic energy and mining partnership between the two nations.
On the sidelines of the East Mediterranean Gas Forum (EMGF 2026) ministerial meetings in Washington, D.C., Badawi held separate talks with Stavros Papastavrou, Greece’s Minister of Environment and Energy, to advance the Egyptian-Greek strategic energy partnership.
Badawi met with Sheikh Nawaf Saud Al-Sabah, Deputy Chairman and CEO of Kuwait Petroleum Corporation (KPC), on the sidelines of his visit to the United States.
Today, June 10, Egypt fully settled its arrears to foreign oil and gas partners, a milestone aimed at restoring investor confidence, stimulating new investment, and accelerating exploration and research activity, Karim Badawi, Minister of Petroleum and Mineral Resources, announced in a recorded statement.
United Energy Egypt (UEE) has successfully implemented the second phase of its Green Transition (TGT II) project, delivering measurable social, environmental, and economic impact across Borg El Arab and Wadi El Natrun in partnership with the environmental and green consultancy firm You Think Green (YTG), according to a press release by UEE.
The project aims to accelerate sustainable practices across education, agriculture, and industry by equipping local communities with the knowledge, technologies, and resources needed for lasting transformation.
