News
Valmore's Q1 2026 Revenues Steady, Urea Gains Offset Trade Disruptions | Egypt Oil & Gas
37+ min ago (503+ words) Valmore Holding, one of the MENA region's leading diversified investment holding companies, had a solid start to the year, with first'quarter consolidated revenue holding steady at its level in the same quarter of 2025 to stand at $ 166 million. This generated earnings…...
EBRD Considers $70 Mn Finaning for Nubia Benban Solar Project
4+ hour, 18+ min ago (189+ words) 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 an EBRD press release. The overall cost…...
Cargas Explores Nigerian Market for CNG Expansion
7+ hour, 5+ min ago (337+ words) Egypt Oil & Gas Cargas Explores Nigerian Market for CNG Expansion A delegation from Egypt's Natural Gas Vehicles Company (Cargas) visited Nigeria to explore expansion opportunities into the Nigerian market and participate in national initiatives aimed at expanding compressed natural gas…...
AMOC Net Profit Rises 37% in Q1 2026
1+ day, 1+ hour ago (198+ words) Alexandria Mineral Oils Company reported a consolidated net profit of EGP 635. 12 million in the first quarter (Q1) of 2026, marking a 37 % increase from its level a year earlier, according to the company's disclosure to the Egyptian Stock Exchange. AMOC's standalone net profit…...
US Waiver on Russian Oil Purchases Expires
1+ day, 3+ hour ago (185+ words) The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude to expire. According to Reuters, the waiver, which had been extended in April for one month to ease supply shortages after Iran's…...
Badawi Reviews Gas Grid Readiness for Summer Electricity Demand | Egypt Oil & Gas
1+ day, 3+ hour ago (226+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, reviewed the operational readiness and stability of the national natural gas grid to ensure it can secure the supply needed to cover the needs of power stations and the industrial sector during…...
Dana Gas Egypt Output Posts First Growth in Nine Years
1+ day, 4+ hour ago (461+ words) The Egyptian assets of Dana Gas, the Middle East's largest regional private-sector natural gas company, recorded one of their strongest operational performances since 2017" during the first quarter (Q1) of 2026, with production rising 4% Yo Y to 13, 050 barrels of oil equivalent per day…...
Badawi Names New Petroleum Leaders After Retirement of Ragaee, Bahaa | Egypt Oil & Gas
1+ day, 7+ hour ago (420+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, has issued a new round of leadership appointments and transfers within the petroleum sector. Ehab Ragaee, First Undersecretary for Production Affairs at the Ministry of Petroleum and Mineral Resources (Mo PMR), retired…...
UAE to Double Oil Exports by 2027 With New Fujairah Pipeline Bypassing Hormuz
1+ day, 6+ hour ago (309+ words) Egypt Oil & Gas UAE to Double Oil Exports by 2027 With New Fujairah Pipeline Bypassing Hormuz The UAE will accelerate construction of a new oil pipeline to the port of Fujairah, aiming to double export capacity by 2027, according to the Abu…...
Badawi Reshuffles Petroleum Leadership, Appoints New Ministry Officials
1+ day, 6+ hour ago (417+ words) Karim Badawi, Minister of Petroleum and Mineral Resources," issued new transfers and assignments, including several ministry leaders as well as chairmen and board members of affiliated companies. This falls within the ministry's plan to develop the administrative structure, inject fresh…...