ECMR Reports 39% Rise in Revenues in FY 2024/25

• Monday, 20th April 2026
• by Doaa Ashraf

The Egyptian Company for Mineral Resources (ECMR) recorded a net profit of approximately EGP 1.2 billion for the 2024/2025 fiscal year (FY), representing a 178% increase over its target and a 102% rise compared to the previous year’s results.

These figures were revealed by Chairman Amr Eliwa during the general assembly meeting, chaired by Karim Badawi, Minister of Petroleum and Mineral Resources via video conference, to approve the company's year results.

Solar Leads Global Energy Growth as Electricity Demand Surges, IEA Says

• Monday, 20th April 2026
• by Fatma Ahmed

The International Energy Agency (IEA) said solar power and battery storage reached record deployment levels in 2025, marking a structural shift toward a global “Age of Electricity,” according to its latest Global Energy Review 2026. Solar energy accounted for 25% of global energy supply growth—the largest share for any source—while overall energy demand growth slowed to 1.3%.

GASCO Boosts Western Desert Complex Capacity to 1.5 bcf/d

• Monday, 20th April 2026
• by Doaa Ashraf

he total production capacity of the Egyptian Natural Gas Company (GASCO)'s Western Desert Gas Complex reached 1.5 billion cubic feet per day (bcf/d)  following the launch of trial operations for the new "Train D" production line, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Mohamed Marzouk, GASCO Chairman, said that the new line added 600 million cubic feet  (mmcf/d) in the complex's capacity, with actual operating rates already exceeding 500 mmcf/d.

EDC Revenues Surge 88.5% in 2025

• Sunday, 19th April 2026
• by Sarah Samir

In 2025, the Egyptian Drilling Company (EDC) revenues reached around $402 million, compared to $213.23 million in fiscal year 2024. Net profit after taxes recorded at $132 million dollars, and a high operational efficiency of 98.8%, Osama Kamel, EDC Chairman and MD, stated during the general assembly meeting attended by Karim Badawi, Minister of Petroleum and Mineral Resources, via video conference.

Egypt Launches New Bid Round for Three Blocks Offshore Gulf of Suez

• Sunday, 19th April 2026
• by Doaa Ashraf

Egypt has launched a new bidding round for three offshore development blocks in the Gulf of Suez: North Shadwan-1, North Shadwan-2, and North Shadwan-3, with submissions open via the Egypt Upstream Gateway (EUG) until May 17.

Badawi Conducts Western Desert Tours, Expedites Production for Summer Demand

• Sunday, 19th April 2026
• by Sarah Samir

As part of a strategic push to bolster domestic energy security, Karim Badawi, Minister of Petroleum and Mineral Resources, led a series of field tours to production sites in the Meleiha and Salam concessions, emphasizing the rapid integration of new wells into the national grid. Accompanied by senior sector officials, the Minister began the program at the Meleiha fields, operated by Agiba Petroleum Company. He was joined by executives from Italy’s Eni, a primary partner in the exploration, development, and production of hydrocarbons within the Meleiha concession.

Modern Gas Posts 49.6 % Increase in Profits in 2025

• Sunday, 19th April 2026
• by Fatma Ahmed

Modern Gas, an Egyptian joint-stock company, recorded a net profit of EGP 209 million during fiscal year (FY) 2025, yielding a 49.6% year-on-year (YoY) growth rate, according to Wael Gowayed, the company’s Chairman. He reported the figures during the General Assembly convened via videoconference, noting that revenues reached EGP 4.169 billion, a 14% increase compared to 2024.

Petroleum Arrows Delivers 27% Profit Growth in 2025

• Sunday, 19th April 2026
• by Fatma Ahmed

The Petroleum Arrows Company recorded a 27% year-on-year (YoY) increase in net profit during fiscal year (FY) 2025, driven by the transport of 4.7 billion liters of liquid petroleum products and 957,000 tons of butane gas. Mahmoud El-Kaffas, the company’s Chairman, reported these results during the General Assembly convened via videoconference to approve the year’s financial performance.

Badawi Inaugurates Pace 2026 Conference and Exhibition

• Sunday, 19th April 2026
• by Sarah Samir

Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), inaugurated the Petroleum Arabian Conference & Exhibition (PACE 2026) at the American University in Cairo (AUC). Held from April 16 to 18 in cooperation with the Society of Petroleum Engineers (SPE) Egypt, the event serves as the Middle East’s largest student technical gathering, aiming to bridge the gap between academic study and the labor market for petroleum engineering students.

Butagasco Distributes 96 Mn Gas Cylinders, Expands Home Delivery in 2025

• Sunday, 19th April 2026
• by Doaa Ashraf

The Egyptian Butane Gas Delivery and Distribution Company (Butagasco) distributed approximately 96 million liquefied petroleum gas (LPG) cylinders during fiscal year (FY) 2025, up from 94.5 million in 2024, bolstering the stability of the domestic market. Mahmoud Saleh, the company’s Chairman, reported the figures during the General Assembly convened via videoconference to approve the year’s financial results.