Maridive Mulls Expansion into Oil Production, Field Development

• Wednesday, 29th October 2025
• by Reem Hossam El-Dein

Karim Badawi, the Minister of Petroleum and Mineral Resources, met with a delegation from the Egyptian oil services company, Maridive,  to discuss its new investment plan for expanding the scope of its activities in Egypt to include oil production.  Maridive seeks to leverage its technical expertise to enhance the efficiency and development of existing and mature oil fields, supporting Egypt’s efforts to boost domestic oil and natural gas production, noted a statement by the Ministry of Petroleum and Mineral Resources.

Egypt, AFC Discuss Deepening Cooperation in Petroleum, Mining Sectors

• Wednesday, 29th October 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources met with a delegation from the Africa Finance Corporation (AFC) to explore means to strengthen cooperation opportunities in the mining sector and the petroleum sector. 

Egypt, Eni Sign Agreement to Produce Biogas from Agricultural, Animal Waste

• Tuesday, 28th October 2025
• by Reem Hossam El-Dein

Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Local Development and Acting Minister of Environment Manal Awad, and Mohab Habashi Khalil, Governor of Port Said, attended the signing ceremony of a cooperation agreement between the Ministry of Environment’s Bioenergy Association for Sustainable Development (BASD) and Italian Eni to collaborate in the field of biogas production. The agreement involves conducting a comprehensive feasibility study to establish units to produce biogas from animal and agricultural waste. This step is within the joint efforts to advance the transition toward clean energy and achieve the Sustainable Development Goals (SDGs).

QatarEnergy Acquires 40% Stake in Offshore North Rafah Block

• Tuesday, 28th October 2025
• by Doaa Ashraf

QatarEnergy has acquired 40% participating interest in the North North Rafah block spans nearly 3,000 square kilometers in water depths of up to 450 meters. Rafah exploration block offshore the Mediterranean Sea through a farm-in-transaction with Italian Eni, the Operator of the block, which would retain the remaining 60% interest

KarmSolar Expands to Cyprus with a 7.6 Megawatt Solar Plant

• Monday, 27th October 2025
• by Fatma Ahmed

KarmSolar, Egypt’s pioneering solar energy utility, announced its official expansion into the Cypriot energy market through KarmCyprus, the company’s first international venture.

As part of this expansion, KarmCyprus has secured a license to build and operate a 7.6 Megawatt (MW) solar PV plant in Monagroulli, located in southern Cyprus, and expects it to be operational by September 2026. In September 2025, KarmCyprus finalized €5 million in project financing from EuroBank (formerly Hellenic Bank) to support the PV plant construction.

AMOC, MIDOR Ink Deal to Boost High-Quality Diesel Supply by 350,000 Tons

• Monday, 27th October 2025
• by Doaa Ashraf

Alexandria Mineral Oils Company (AMOC) inked a joint agreement with Middle East Oil Refinery (MIDOR) to upgrade the quality of  AMOC's production to meet international standards, increasing  the supply of high-quality diesel to the domestic market by approximately 350,000 tons

The agreement is part of a plan to enhance integration among petroleum sector companies. It aligns with the directives of the Minister of Petroleum and Mineral Resources, Karim Badawi, to accelerate high-value integrated projects, according to a Ministry statement. 

Badawi Chairs First Meeting of EGYPES 2026 Higher Committee

• Monday, 27th October 2025
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources Karim Badawi chaired the first meeting of the Higher Committee for the Egypt Energy Show Conference and Exhibition (EGYPES 2026), which will take place from March 30 to April 1, 2026, under the theme “Transforming Energy Through Collaboration, Action, and Realism.”

Madbouly Inaugurates Gas Recovery Project at NPC Refinery

• Sunday, 26th October 2025
• by Doaa Ashraf

Prime Minister Mostafa Madbouly has inaugurated the gas recovery project with a cost of EGP 1.1 billion at Nasr Petroleum Company (NPC)’s refinery in Suez Governorate. Executed through PETROJET as the general contractor, the project is designed to produce 340,000 tons annually of butane and naphtha, a key feedstock for high-octane gasoline production.

MOPCO Posts 13% Drop in July–September 2025 Profits

• Sunday, 26th October 2025
• by Doaa Ashraf

Misr Fertilizers Production Company (MOPCO) reported its financial statements for the July–September fiscal year (FY) 2025/2026, generating a net profit of EGP 134.93 million, according to a statement reported by the Egyptian Exchange (EGX). This represents a 13% drop compared to the net profit recorded in the same period a year earlier.

MEES: Cronos Gas to be Transmitted to Damietta via Zohr Line Skipping National Grid

• Sunday, 26th October 2025
• by Reem Hossam El-Dein

Egypt and Cyprus have sealed a set of landmark commercial agreements, marking a decisive step toward the project’s Final Investment Decision (FID), which is expected in the next few months. The deals allow natural gas from Cyprus to be processed and exported through Egypt’s liquefied natural gas (LNG) facilities, reinforcing the latter’s role as the Eastern Mediterranean’s regional gas hub. The HTPA regulates the movement of Cronos gas through Zohr’s offshore infrastructure, using one of the two 30-inch Zohr pipelines. The natural gas will then be processed at Zohr’s onshore facilities before being transported through a new pipeline to the 5mn t/y LNG plant at Damietta, operated by Eni (50%). This route allows the gas to bypass Egypt’s national grid entirely.