Egypt Gas has unveiled its estimated budget for the 2026 fiscal year, targeting a net profit after tax of EGP 420 million. The company’s financial roadmap, disclosed to the Egyptian Exchange (EGX), focuses on expanding...
North Petroleum International Company (NPIC), a subsidiary of China’s state-owned Zhenhua Oil Company, plans to boost production through the optimization of existing assets and the acquisition of new concessions. Durin...
Sidi Kerir Petrochemicals Company (Sidpec) approves the allocation of EGP 5.68 billion for new investments and affiliated company partnerships. This financial roadmap was unveiled in a disclosure to the Egyptian Exchange...
Alexandria Mineral Oils Company (AMOC) has approved a capital expenditure budget of approximately EGP 580.19 million for the fiscal year (FY) 2025/2026, according to the company’s disclosure to the Egyptian Exchange (E...
The Ministry of Petroleum and Mineral Resources (MoPMR) has signed a Memorandum of Understanding (MoU) with the Lebanese Ministry of Energy and Water to supply natural gas to the Deir Ammar Power Plant in Lebanon for ele...
The United Energy Egypt (UEE) has drilled around 30 wells in 2025, which successfully offset natural reservoir decline and increased oil production by more than 20%, according to Kamel Al Sawi, Regional President of UEE,...
Woodside Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Turkey’s BOTAŞ for the supply of around 5.8 billion cubic meters (bcm) of natural gas equivalent, or approximat...
A new round of leadership transfers and administrative appointments has been launched across several petroleum sector companies to optimize expertise and support organizational growth. Minister of Petroleum and Mineral R...
Four natural gas wells have been successfully drilled in the Nile Delta as part of an 11-well development program by El Wastani Petroleum Company (WASCO). The news wells are aimed at boosting national output. The progr...
Russia’s Gazprom has transported 38.8 billion cubic meters (bcm) of natural gas to China through the Power of Siberia pipeline in 2025, surpassing its planned annual capacity. The achievement marks a significant milest...
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