ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean

• Tuesday, 24th March 2026
• by Doaa Ashraf

ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells. The v...

ECHEM Plans $11 Bn Petrochemical Projects to Localize 20 Products by 2030

• Sunday, 15th March 2026
• by Doaa Ashraf

The Egyptian Petrochemicals Holding Company (ECHEM) has unveiled a five-year plan to launch 10 projects targeting the localization of over 20 petrochemical products for domestic and international markets. The plan env...

Petrobel Increases 2025/26 planned investments to $460 Mn

• Sunday, 8th March 2026
• by Sarah Samir

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...

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

• Thursday, 26th February 2026
• by Doaa Ashraf

Badr Petroleum Company recorded an average daily production of 6500 barrel of oil equivalent  (boe/d), achieving its targets for the first half (H1) of the fiscal year (FY) 2025/2026, said Ibrahim Massoud, the company...

CPC Plans EGP 1.2 Bn Investments in FY 2026/27

• Tuesday, 24th February 2026
• by Sarah Samir

Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s Chairman, Mostafa El Sayed, noted. This came during the general assembly meeting at...

GUPCO Targets 75,000 bbl/d of Oil in 2026/27

• Tuesday, 24th February 2026
• by Sarah Samir

The Gulf of Suez Petroleum Company’s (GUPCO) aims to increase its production from 65,000 barrels of oil per day (bbl/d) currently to 75,000 bbl/d in fiscal year (FY) 2026/27, Abdul Wahab El-Maghawry, the company’...

Petrosannan to Invest $40.32 Mn in FY 2026/27

• Wednesday, 18th February 2026
• by Doaa Ashraf

Petrosannan Petroleum 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 (FY), targeting ...

PPC to Invest EGP 16 Bn in Pipeline Modernization in FY 2026/27

• Tuesday, 3rd February 2026
• by Doaa Ashraf

The Petroleum Pipelines Company (PPC), a state-owned company specialized in transporting crude oil and its products between production fields, refineries, and distributors, plans to implement EGP 16 billion projects a...

UAE President Approves ADNOC’s $150bn Five-Year Investment Plan

• Tuesday, 25th November 2025
• by Fatma Ahmed

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), chaired the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors at the Habshan complex. During ...

GUPCO to Invest $586M, Increase Production to 72,000 bbl/d in FY 2024/25

• Wednesday, 7th February 2024
• by Sarah Samir

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly of the Gulf of Suez Petroleum Company (GUPCO) to approve the new investment budget for the next fiscal year (FY) 2024/25. D...