6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: Egypt

Energy, Oil & Gas

Egypt, EU seal $801m deal to expand renewable energy grid

Egypt and the European Union are strengthening their strategic energy partnership with a financing package of up to €690 million ($801 million) to upgrade and expand Egypt’s electricity grid. The funding includes a €600 million loan from EIB Global and up to €90 million in European Commission grants....

Energy, Oil & Gas

Egypt, UAE strengthen energy ties with new investment talks

Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities....

Energy, Oil & Gas

Strohm wins first Egypt contract for deepwater TCP flowline

Strohm has won its first contract in Egypt to supply a 2,000-metre thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) project operated by Burullus Gas Company, a joint venture between EGAS, Shell, and Petronas....

Energy, Oil & Gas

QatarEnergy, Egypt agree gas cooperation deal

QatarEnergy signed an MoU with Egypt and ExxonMobil to explore Cyprus gas development and commercialisation via Egypt’s LNG infrastructure, strengthening Egypt’s role as an Eastern Mediterranean gas hub....

Energy, Oil & Gas

Egypt announces largest Western Desert discovery in 15 years

Ministry of Petroleum and Mineral Resources said Agiba Petroleum Company made its largest discovery in 15 years in Egypt’s Western Desert, with estimated reserves of 330 billion cubic feet of gas and 70 million barrels of oil equivalent....

Energy, Oil & Gas

Dana Gas delivers 72pc increase in Q1 2026 profit

Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq....

Energy, Oil & Gas

Green Sky Capital signs financing deal for key SAF facility in Egypt

Qatar-based Green Sky Capital has signed the financing deal for a landmark sustainable aviation fuel production facility on a 100,000-sq-m site within the Suez Canal Economic Zone in Egypt. The engineering, procurement and construction contract for the project has been awarded to French group SeaOwl. ...

Energy, Oil & Gas

Dana Gas says all overdue receivables settled by Egypt

Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled....

Energy, Oil & Gas

GE Vernova receives order for upgrades at Egypt power plants

GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt. ...

Energy, Oil & Gas

Arcius Energy invests $500m to develop Harmattan gas field

Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand. ...

Energy, Oil & Gas

Egypt says it will pay $1.3bn in arrears to oil companies by June

Egypt will repay $1.3 billion in arrears to international oil companies by June, accelerating its schedule. The country owed about $6.1 billion by mid-2024 due to foreign currency shortages affecting payments, investment, and gas production....

Energy, Oil & Gas

Oil production begins at Egypt’s Belayim Marine 133

Egypt’s Ministry of Petroleum announced the start of crude production from the Belayim Marine 133 well in the Gulf of Suez, initially producing about 1,500 barrels per day, marking the first result of Eni’s new investment programme. ...

Energy, Oil & Gas

Egypt announces new oil output from Gulf of Suez field

Egypt’s Petroleum Ministry announced production has begun at the Al-Wasl-4 development well in the North Safa field, Gulf of Suez, operated by GUPCO. The well produces about 2,250 barrels of oil and 1.3 million cubic feet of gas daily, lifting output to about 65,000 barrels....

Energy, Oil & Gas

Dana Gas reaches 70,000 boepd production milestone

Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced that its group production reached 70,000 barrels of oil equivalent per day (boepd) and has been sustained at that level throughout January. ...

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