investment | Egypt Oil & Gas - Part 2
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 sect...
Egypt Ranks 14th in Kaolin, 24th in Talc Globally
Egypt ranked 14th globally in kaolin production and 24th in talc production, according to the World Mining Data 2026 report, underscoring the country’s growing mining sector and expanding industrial mineral outp...
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(Q1) of FY2023/2024, said Ahmed Rostom, Minister of Plan...
Cyprus’ FMC Plans $20 Mn Investment in Mining Exploration in Egypt
Cypriot mining company Fawakheir Mines Complex (FMC), formerly known as SMW Gold Limited, plans to invest nearly $20 million over the next two to three years as it resumes operations in Egypt, according to a statement...
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 during ...
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, according to...
Egypt, TotalEnergies Near MoU on Herodotus Gas Exploration
The Ministry of Petroleum and Mineral Resources (MoPMR) is advancing negotiations with France’s TotalEnergies over expanded gas exploration in the deep Herodotus Basin of the Western Mediterranean, with both sides aim...
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 International ...
