Saudi Petromin to Establish New Company for Lubricants Expansion in Egypt
Petromin, a Saudi energy and mobility company, signed a protocol to establish a specialized company to manage its investments and expansion plans in Egypt’s lubricants sector.
investment | Egypt Oil & Gas
TAQA Arabia to Invest EGP 1.4 Bn in New Fuel Depot
TTAQA Arabia’s Board of Directors has approved establishing a new petroleum products depot in Greater Cairo, with an estimated investment of about EGP 1.4 billion, according to a disclosure submitted to the Egypti ...
Australia’s Velox Eyes Mining Opportunities in Egypt
The Australian mining company, Velox Energy Materials, is looking to enter the Egyptian market and targets mining areas located within the Arabian-Nubian Shield, as it explores new investment opportunities in the ...
Egypt Ranks 14th in Kaolin, 24th in Talc Globally
Egypt ranked among the world's leading producers of kaolin and talc in the World Mining Data 2026 report, reflecting strong growth in mineral output. Building on this momentum, the government launched the Open Blo ...
Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24
The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate since the first quarter of FY2023/2024, said Ahmed Rostom, Minister of Pla ...
Cyprus’ FMC Plans $20 Mn Investment in Mining Exploration in Egypt
Cypriot mining company FMC, formerly known as SMW, plans to invest nearly $20 million over the next two to three years as it resumes operations in Egypt, according to Executive Chairman Philipp Hiendl.
This ...
ADNOC Eyes Canada Upstream and LNG for Global Growth
Abu Dhabi National Oil Company (ADNOC) is exploring potential investments in Canada’s upstream and liquefied natural gas (LNG) sectors through its international investment arm, XRG, a senior executive revealed dur ...
EBRD Considers $70 Mn Finaning for Nubia Benban Solar Project
The European Bank for Reconstruction and Development (EBRD) is evaluating a financing package of up to $70 million for the Nubia Benban solar project in Aswan, with board approval anticipated in mid-June, accordin ...
Egypt, TotalEnergies Near MoU on Herodotus Gas Exploration
The Ministry of Petroleum and Mineral Resources is advancing negotiations with France’s TotalEnergies over expanded gas exploration in the deep Herodotus Basin of the western Mediterranean, with both sides aiming ...
Badawi Engages Global Investment Banks to Accelerate Investments
Karim Badawi, Minister of Petroleum and Mineral Resources, presented the latest reforms, incentives, and opportunities within the petroleum and mining sectors during a roundtable meeting with a group of Internatio ...
