Egypt | Egypt Oil & Gas - Part 20
Egypt and Chevron Set March Deadline for Aphrodite Gas Connection Terms
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with senior leaders from US oil major Chevron in Washington to accelerate the technical and commercial agreements required to link Cyprus’ Aphrodi...
CORC Plans to Invest EGP 679 Mn in 2026/27
The Cairo Oil Refining Company (CORC), Egypt’s largest refining entity, plans to invest EGP 679 million in local manufacturing projects during the 2026/27 fiscal year (FY). CORC Chairman Tarek Abdel Latif announced th...
MoPMR Targets Drilling 101 Exploratory Wells in 2026
Minister of Petroleum and Mineral Resources Karim Badawi announced an ambitious 2026 roadmap featuring the drilling of 101 exploratory wells to bolster national reserves. Speaking at an American Chamber of Commerce (A...
Obelisk in Egypt, Mogobe BESS Fuel Scatec’s Q4 Revenue Surge
Scatec, a renewable energy company from Norway, said its revenues grew by 25% in the fourth quarter (Q4) of 2025. The figure reflects Scatec’s share of income from the power projects it partly owns. Total revenues for...
SIDPEC Reports Marginal Increase in Sales in 2025
Sidi Kerir Petrochemicals Company (SIDPEC) announced a 1.84% year-on-year (YoY) increase in total sales for the fiscal year ending December 31, 2025, to reach EGP 14.413 billion, according to the company’s rele...
AMOC Revenue Grows 14% in H1 2025/26
Alexandria Mineral Oils Company (AMOC) reported a 14% increase in its consolidated sales revenue in the first half of the 2025/26 fiscal year compared to the same period in 2024 to reach EGP 20.74 billion. The revenue...
Badawi and ThyssenKrupp Review Progress on Strategic CCUS Joint Venture at MOPCO
Minister of Petroleum and Mineral Resources Karim Badawi met with ThyssenKrupp Uhde CEO Nadja Håkansson to discuss accelerating cooperation in decarbonization and sustainable energy infrastructure, according to a stat...
Egypt Exports 150,000 m³ of LNG to Türkiye
Egypt has exported a new shipment of Liquefied Natural Gas (LNG) from the Idku liquefaction plant to Türkiye, marking the second consecutive cargo dispatched this year as the country ramps up its regional energy hub a...
