Misr Fertilisers Production Company (MOPCO) reported urea production of 1.7 million tonnes in fiscal year 2025, achieving 102% of its investment plan, while ammonia output reached 1.1 million tonnes, also 102% of ...
Eight members of the OPEC+ alliance have agreed to increase oil production by 206,000 barrels per day (bbl/d) starting in May 2026, as part of a gradual plan to ease earlier supply cuts and support market stabilit ...
Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) has successfully brought four new natural gas wells onstream, with a combined production capacity of around 120 million standard cubic feet per day (mmsc ...
The International Energy Agency (IEA) said more than 400 million barrels (mmbbl) of oil from emergency reserves will start entering global markets soon as part of a coordinated effort to ease a surge in crude pric ...
The International Energy Agency (IEA) has urged countries to coordinate a release of emergency oil reserves during an online meeting with finance ministers from the Group of Seven (G7), according to Japan’s Financ ...
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran en ...
Petrobel, the joint venture between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of c ...
Fitch Solutions expects Egypt’s annual natural gas production to increase by 8% Year-on-Year (YoY) in 2026, reaching 46.6 billion cubic meters (bcm) compared to 2025. This growth follows a production decline durin ...
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's ...
