South Valley Egyptian Petroleum Holding Company (Ganope) organized an awareness session for its leaders and affiliated companies to strengthen crisis preparedness and improve responses to emergency situations, according to a company statement.
Egypt has taken the first steps toward implementing a recently signed memorandum of understanding (MoU) with ExxonMobil and QatarEnergy to study connecting the companies' gas discoveries offshore Cyprus to Egypt's natural gas infrastructure for re-export, the Ministry of Petroleum and Mineral Resources (MoPMR) said on August 6.
Denver-based major gold mining firm AngloGold Ashanti expects to resume exploration at its Nugrus and Najd blocks in Egypt's Eastern Desert in the third quarter (Q3) of 2026 after halting work in March. The company’s H1 exploration report cited “an undisclosed incident” as the reason for the suspension, without providing further details.
Moreover, AngloGold completed evaluation (desktop and technical field reviews) across four regional targets, Wadi Alam, Wadi Khariga, Abu Fanani and Kab Alabyad, and is conducting an ongoing assessment of the Little Sukari project, located about 27 kilometres (km) east of the operating Sukari gold mine within the Nugrus Block. The project is treated as a priority near‑mine target because it closely mirrors the main Sukari deposit and could supply low‑cost ore to the existing processing plant, potentially saving hundreds of millions in infrastructure spending.
Backed by new investments from Canada's Mediterra Energy, Egypt has resumed drilling operations at the Baraka oil field, at the Kom Ombo Concession, following a four-year suspension, noted a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
Karim Badawi, Minister of Petroleum and Mineral Resources, visited the oil field operated by the South Valley Egyptian Petroleum Holding Company (Ganope) to review the restart of drilling and workover operations. The resumption of operations follows the arrival of the first drilling rig in the area and the pumping of new investments by Canada's Mediterra Energy, the concession's investment partner, to implement a program to rehabilitate several production wells and restore them to production.
Sukari Gold Mine, jointly owned by the US-based AngloGold Ashanti and the Egyptian government, produced 232,000 ounces (oz) of gold in the first half of 2026, keeping production firmly on track to meet its full‑year target of 500,000 ounces. That target would match the record output achieved in 2025.
Moreover, output of the mine, the largest in Egypt and the whole MENA region, is set to rise sharply in the second half of the year as operations move into higher‑grade ore zones, boosting volumes and reinforcing Sukari’s position as one of the region’s leading gold producers, noted a press release by AngloGold.
Prime Minister Mostafa Madbouly reviewed Egypt's plans to secure energy supplies for August during a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources, with the government reaffirming its commitment to ensuring the uninterrupted availability of petroleum products and natural gas, according to a Cabinet statement.
The Egyptian Electricity Transmission Company (EETC), the state-owned power grid operator, signed a Power Purchase Agreement (PPA) with Alcazar Energy to construct a 407-megawatt (MW) wind power plant in the Zafarana region.
The plant is projected to supply clean electricity to around 775,000 households and significantly reduce carbon emissions, with operations scheduled to commence in 2028.
The Egyptian Parliament approved on July 22 four oil and natural gas exploration and production agreements. The concessions include an onshore project in North Sinai involving Perenco, an UK-French independent oil and gas production company.
Alaa El-Din Abdel Fattah, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), inspected Wood Technology Company (WOTECH) project in Idku, Beheira Governorate, to follow up on the trial operation of the factory producing medium-density fiberboard (MDF) from rice straw.
Prime Minister Mostafa Madbouly stressed the importance of setting a timeline for cooperation with Libya in natural gas and oil exploration, as well as supporting electricity interconnection between the two countries.
Madbouly made the remarks during a meeting with Abdulhamid Al-Dbeibeh, Prime Minister of Libya’s Government of National Unity, at the Egyptian government headquarters in New Alamein City.
