Egypt | Egypt Oil & Gas - Part 18
ASORC Plans Refining 4.2 mmt Crude oil in FY 2026/27
Assiut Oil Refining Company (ASORC) targets refining 4.2 million tons (mmt) of crude oil during fiscal year (FY) 2026/27, ASORC Chairman Issa Alaq stated during the general assembly meeting attended by Karim Badawi, M...
CPC Plans EGP 1.2 Bn Investments in FY 2026/27
Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s Chairman, Mostafa El Sayed, noted. This came during the general assembly meeting at...
Fitch Solutions: Egypt’s Natural Gas Production to Rise 8% YoY in 2026
Fitch Solutions expects Egypt’s annual natural gas production to increase by 8% Year-on-Year (YoY) in 2026 compared to 2025, to reach 46.6 billion cubic meters (bcm). This growth follows a production decline to 43.1 b...
GUPCO Targets 75,000 bbl/d of Oil in 2026/27
The Gulf of Suez Petroleum Company’s (GUPCO) aims to increase its production from 65,000 barrels of oil per day (bbl/d) currently to 75,000 bbl/d in fiscal year (FY) 2026/27, Abdul Wahab El-Maghawry, the company’...
Egypt, Global Tech Providers Discuss Drilling Advances
Minister of Petroleum and Mineral Resources, Karim Badawi, held a meeting with representatives from international technology providers and service companies operating in Egypt, including SLB, Baker Hughes, Weatherford...
MRMIA Updates Badawi on Nationwide Airborne Geophysical Survey Plan
Minister of Petroleum and Mineral Resources, Karim Badawi, held a meeting with the Board of Directors of the Mineral Resources and Mining Industries Authority (MRMIA), chaired by Yasser Ramadan, to discuss the launch ...
Sukari gold Produces 500,000 ounces in 2025
The total production of the Sukari gold mine in 2025 came at 500,000 ounces, compared to 481,000 ounces in 2024, driven by higher ore throughput and improved equipment availability. The total cost of production is $78...
Mubadala Acquires 15% Stake in Egypt’s Nargis Offshore Concession
Mubadala Energy, the Abu Dhabi-based international energy company, finalized the acquisition of a 15% stake in Egypt’s Nargis Offshore Concession from Eni, reinforcing the company’s position in the East Mediterranean ...
