General Assembly | Egypt Oil & Gas - Part 2

Petro Shorouk Reveals $96 Mn Additional Investments in FY 2025/26

Petro Shorouk revealed the injection of $96 million in additional investments during the current fiscal year (FY) 2025/26, the company’s Chairman, Tharwat El Gendy, pointed out during the company's general assembl ...

Petrobel Increases 2025/26 planned investments to $460 Mn

Belayim Petroleum Company’s (Petrobel) investment plan for the fiscal year (FY) 2025/26 has been increased to approximately $460 million, Tharwat El Gendy, Petrobel’s Chairman, announced in the company's general a ...

MIDTAP Handles Over 5 mmt of Petroleum Products in 2025

Middle East Oil Tankage and Pipelines (MIDTAP), Egypt’s operator of oil storage, pipelines, and marine terminal services, handled more than 5 million tons of petroleum products in 2025, including diesel, jet fuel ...

Badr Petroleum Hits 6,500 boe/d in H1 of FY2025/26

Badr Petroleum Company recorded an average production of 6500 barrel of oil equivalent per day (boe/d), achieving its targets for the first half of the current fiscal year, said Ibrahim Massoud, who serves as the ...

PhPC Average Production Reach 76,000 boe/d during H1 2025/26

Pharaonic Petroleum Company (PhPC) achieved production of 76,000 barrels of oil equivalent (boe/d) during the first half (H1) of fiscal year (FY) 2025/26. PhPC Chairman Hossam Zaki revealed that this output compri ...

Petrosannan to Invest $40.32 Mn in FY 2026/27

Petrosannan company, a joint venture (JV) between Ukraine’s Naftogaz and the Egyptian General Petroleum Corporation (EGPC), plans to invest around $40.32 million for the upcoming fiscal year, targeting daily produ ...

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 announce ...

EGPC Signs 11 Exploration Agreements, Reports 49 Discoveries in FY 2024/25

The Egyptian General Petroleum Corporation (EGPC) signed 11 new agreements for oil and gas exploration and production, and 12 contracts for development and production projects during fiscal year (FY) 2024/25, said ...

ECHEM Production Pushes Up Domestic Petrochemicals Output to 4mn Tons Annually

The Egyptian Petrochemicals Holding Company (ECHEM) has contributed 4 million tons per year (mt/y) to the overall Domestic petrochemicals industry during the 2024/2025 helping to meet local demand and enhancing e ...

EGAS Awards 9 Gas Blocks, Adds 1.85 tcf to Reserves in FY 2024/25

The Egyptian Natural Gas Holding Company (EGAS)  awarded nine new natural gas exploration blocks and finalized six new agreements with total investments of approximately $479 million during fiscal year (FY) 2024/2 ...

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