The Suez Canal Bank has sold its 1.27% stake in the Middle East Oil Refinery (Midor) for $30.6 million to the Egyptian General Petroleum Corporation (EGPC).

Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.

Enppi and Petrojet have successfully executed Ain Sukhna’s SUMED Product Hub to meet the local market needs from petroleum products, imports, storages, and re-exports.

 In an effort to end the financial debts accumulated for more than 30 years, the Ministries of Electricity and Renewable Resources, Petroleum and Mineral Resources, Finance, and the General Public Sector signed three protocols of cooperation.

Dragon Oil is planning to increase its investments in Egypt through acquiring some operating assets in the Western Desert in the next five years.

Egypt's diesel consumption has increased to 1.1 million tons per month, a 0.1 million tons year-on-year increase, Abed Ezz El Regal, CEO of the Egyptian General Petroleum Corporation (EGPC), announced.

The Borg El-Arab Petroleum Company has made a new petroleum discovery in the ASH-2 area of Abu Senan concession in the Western Desert, with a production rate of 7,000 barrel of crude oil per day and 10 million cubic feet per day (mcf/d) of natural gas.

The value of the petroleum sector’s imports of monthly fuel retreated to nearly $900 million in August 2019, by about $300–400 million during the same period a year earlier, an official source in Egyptian General Petroleum Corporation (EGPC) reported to Amwal El Ghad.

The Egyptian General Petroleum Corporation (EGPC) plans to extend importing crude oil from Kuwait, an official source told Al Maal Newspaper.

Kuwait Petroleum Corporation (KPC) renewed two 3-year commercial contracts with the Egyptian General Petroleum Corporation (EGPC) to supply Egypt with 2.5m tons/y of petroleum products and 2mb/m of crude oil.