Egypt’s EPROM reports record EGP 1.586bn profit in 2025 amid international expansion
The Egyptian Projects Operation and Maintenance (EPROM) recorded the highest net profit in its history at EGP 1.586bn for 2025, marking a 44% increase from EGP 1.096bn the previous year, as the company expanded operations into Nigeria and Iraq, the
Egypt to add 2,500 MW of renewable energy in 2026
Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels. The statement followed a meeting
BP to invest $1.5bn in Egypt gas projects for fiscal year 2026/27
British energy giant BP plans to invest approximately $1.5bn in Egypt during the 2026/2027 fiscal year to fund gas development, exploration, and the drilling of new wells, the company’s executive vice president for gas and low carbon energy, William Lin,
Petroleum Minister holds talks with global energy firms on sidelines of EGYPS 2026
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held a series of meetings with senior officials from leading international energy companies on the sidelines of the ninth edition of the Egypt Energy Show, focusing on expanding cooperation and boosting
Al-Sisi inaugurates EGYPES 2026 as petroleum minister outlines push to boost production
President Abdel Fattah Al-Sisi inaugurated Egypt Energy Show (EGYPES 2026) on Monday, reaffirming Egypt’s commitment to advancing energy transformation through strategic partnerships and practical implementation. Held under the theme “Effective Plan for Cooperation in Field of Energy Efficiency,” the event
Egypt to launch largest Mediterranean gas drilling programme in 2026
Egypt will implement its largest-ever gas drilling programme in the Mediterranean in 2026, Minister of Petroleum and Mineral Resources Karim Badawi said on Tuesday during an inspection of Shell’s new offshore operations. The minister visited the STENA ICEMAX drillship to
Egypt plans $4bn investment in six refinery projects, minister says
Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The projects are designed to increase domestic production, boost added value, and reduce the country’s fuel import bill,
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy
China’s Xingfa Group to evaluate phosphate and silica projects in Egypt’s Golden Triangle
Egypt’s Ministry of Petroleum and Mineral Resources signed a memorandum of understanding with China’s Xingfa Group on Tuesday to evaluate phosphate, quartz, and silica sand ores for an industrial project in the Golden Triangle region. The agreement, witnessed by Minister
Australian mining group Hunter & Co. to invest in Egypt following legislative overhaul
Australian mining group Hunter & Co. has expressed its intent to launch investment projects and establish strategic partnerships within the Egyptian mining sector, according to a statement released by the Ministry of Petroleum and Mineral Resources on Sunday. The decision