energy | Egypt Oil & Gas

energy | Egypt Oil & Gas

UAE, Germany Seal Energy, AI Partnerships Enabling €5 Bn Investment

Abu Dhabi National Oil Company (ADNOC), and its international energy investment company XRG, along with UAE’s Masdar have signed a series of agreements with German companies that could enable more than €5 billion ...

Mansour Group, China’s Tianneng Eye Egyptian Battery Manufacturing

Egypt’s Mansour Group and Chinese battery manufacturer Tianneng Battery Group Co. Ltd. have signed a memorandum of understanding (MoU) to explore investment opportunities in battery manufacturing and energy storag ...

Korra Energi Posts Fivefold Jump in H1 2026 Contracts

Korra Energi, a leading Egyptian provider of energy efficiency solutions and contracting services, secured EGP 5.1 billion in new contracts during the first half (H1) of 2026—a massive leap from EGP 1.1 billion in ...

Türkiye, Iraq Eye Broad Energy Pact

Türkiye seeks to conclude a broad energy cooperation agreement with neighboring Iraq “as soon as possible,” following talks with Iraqi Prime Minister Ali al‑Zaidi in the Turkish capital, President Tayyip Erdogan s ...

Badawi, Al Jaber Discuss Expanding ADNOC Investments in Egypt

Minister of Petroleum and Mineral Resources, Karim Badawi, met Sultan Al Jaber, UAE's Minister of Industry and Advanced Technology and the CEO of Abu Dhabi National Oil Company (ADNOC) Group, to discuss increasing ...

Madbouly Rules Out Immediate Fuel Price Cuts, Signals Possible Q1 FY 2026/27 Reduction

Speaking at the government's weekly press conference, Prime Minister Mostafa Madbouly said Egypt's Automatic Fuel Pricing Committee will review fuel prices in the first quarter of the 2026/27 fiscal year and may e ...

Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base

Maridive & Oil Services delivered a financial rebound in the first quarter of 2026, returning to profitability on the back of higher revenues and disciplined cost control.

Badawi, Esmat Discuss Joint Strategy to Secure Summer Energy Supply

The Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources reviewed their ongoing joint summer work plan, which was structured to counter an anticipated 8% increase in pea ...

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 ...

Saudi Arabia Faces Summer Power Crunch

Saudi Arabia to increase its reliance on imported fuel oil for power generation this summer, following a loss of natural gas supplies from oilfields shut down after the Iran war curtailed its oil exports, Analysts ...

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