The Egyptian General Petroleum Corporation (EGPC) approved the consolidation of eight of Capricorn’s existing Egyptian concession agreements into a single integrated agreement to be ratified by the Egyptian Parliament in 2025.
The Middle East Oil Refinery (MIDOR) has been granted a Facility Suitability Certificate for meeting fire prevention requirements. The certificate was officially handed over to Amr Lotfy, MIDOR Chairman and Managing Director, by Mohamed Atallah El-Deeb, Director of the Civil Protection Department in Alexandria Governorate.
Egypt Maintenance Company’s (EMC) Chairman, Khaled Ibrahim, said that the company recorded revenues of EGP 12.7 billion in 2024, marking a 44% increase compared to 2023. The value of new contracts also increased by 41%, recording EGP 15.5 billion compared to the same period in 2023.
Marking 25 years of innovation and leadership, NATGAS, Egypt’s leading provider of natural gas solutions, a subsidiary of NatEnergy with its majority owned by Egypt Kuwait Holding (EKH), celebrates a legacy of steadfast commitment to Egypt’s energy sector.
The Ministry of Petroleum and Mineral Resources (MoPMR) affirms its continued commitment to taking all necessary regulatory measures and conducting examinations to verify the quality of petroleum products in circulation and ensure their conformity with Egyptian standard specifications.
The Board Directors of the Egyptian General Petroleum Corporation (EGPC) convened under the Chairmanship of the Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting focused on increasing investments in oil and gas exploration, development, and production.
Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from the International Finance Corporation (IFC), the World Bank’s private sector arm.
The meeting covered several cooperation files, including proposals related to renewable energy tenders to be offered, the means of support and advisory services for renewable energy projects, the work strategy, Egypt’s energy mix, and increasing reliance on renewable energy.
The East Mediterranean Gas Forum (EMGF) is set to host a strategic “Reenergizing the East Med” two-day workshop event on May 7-8, 2025, at Tolip El Galala Hills Hotel in Ain Sokhna, Egypt to support boosting natural gas production, strengthening regional cooperation, and accelerating EMGF’s implementation agenda. The event will bring together government officials, industry leaders, regulators, and technical experts to tackle the region’s most pressing challenges.The first day of the workshop is expected to feature expert discussions and technical workshops, addressing key topics such as natural gas supply and exploration, infrastructure optimization strategies, and emissions reduction and decarbonization. While, the second day will provide a comprehensive overview of EMGF’s new strategy and implementation roadmap, followed by breakout sessions, and executives roundtable.
Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmad Al Mutawa, Regional CEO of Abu Dhabi Ports Group (AD Ports Group), a global leader in trade, industry, and logistics, along with the accompanying delegation. During the meeting, Badawi highlighted the promising investment opportunities within Egypt’s petroleum and mineral resources sector, underpinned by the six key pillars of the Ministry’s strategy.
During the first half of fiscal year (FY) 2024/25, Egypt's petroleum imports value increased by 53.3% to reach $9.7 billion, compared to $6.3 billion in the first half (H1) of FY 2023/24. Imports of natural gas grew by $2.1 billion, and imports of petroleum products by $1.2 billion, while crude oil imports increased by $58.7 million, due to the increase in imported amounts.
