Korra Energi Debuts on EGX
Trading in energy solutions firm Korra Energi began today on the Egyptian Stock Exchange, following an offering earlier this month of an 11% stake split between a private placement for institutions (60%) and a pu ...
Egypt | Egypt Oil & Gas - Part 6
MRMIA Launches Open Blocks System for Gold, Ores Exploration
The Mineral Resources and Mining Industries Authority (MRMIA) launched an Open Blocks System offering exploration and exploitation opportunities across several mineral commodities. The bid round targets gold and a ...
Egypt Zeroes out IOC Arrears
Today, June 10, Egypt fully settled its arrears to foreign oil and gas partners, a milestone aimed at restoring investor confidence, stimulating new investment, and accelerating exploration and research activity, ...
Badawi Appoints Mervat Abou El‑Maaty Mining Marketing General Manager at MRMIA
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a decision appointing Mervat Abou El‑Maaty as General Manager of the General Department for Mining Marketing and Promotion at the Egyptian Mineral ...
Badawi Highlights Egypt’s Hub Role at EMGF2026
Karim Badawi , Minister of Petroleum and Mineral Resources, met with Michael Damianos, Cyprus’s Minister of Energy, Commerce and Industry to review progress on plans to connect Cypriot gas fields to Egypt on the s ...
UAE Alcazar to Manage Gabal El-Zeit Windfarm in $420 Mn deal
In one of Egypt’s long‑anticipated privatization deals, UAE‑based Alcazar Energy signed a $420 million agreement with the government to operate, manage, maintain, and upgrade the 580‑megawatt Jabal El‑Zeit wind fa ...
Sinai Offshore Fields Post Highest Daily Production Since 2017
Crude oil production from the Sinai Offshore Fields has reached its highest daily level since 2017, with output averaging around 27,000 barrels per day (bbl/d), a milestone that underscores the effectiveness of on ...
Badawi, Global Mining Executives Discuss Gold Investment Opportunities
Karim Badawi, Minister of Petroleum and Mineral Resources, met senior executives from leading international mining companies to explore new investment opportunities in gold exploration. The talks come as Egypt adv ...
Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households
The Egyptian Cabinet approved a draft law that cancelled the exemption of natural gas from the value-added tax (VAT), making it subject to a table tax of EGP 20 per 1,000 cubic feet (cf). This comes as part of a w ...
Egypt’s US LNG Imports Halve in May
Egypt's liquefied natural gas (LNG) imports from the US declined to approximately 300,000 metric tons (mt) in May, nearly half its typical monthly intake of around 600,000 mt, Reuters reported, citing maintenance ...
