August 16, 2026

Egypt raises fuel prices ‘moderately’ on tenth day of US-Israeli war on Iran

Egypt’s Ministry of Petroleum and Mineral Resources announced an emergency adjustment to fuel prices on Tuesday, responding to the sharp rise in global energy costs triggered by the ongoing U.S.-Israeli conflict with Iran. With Brent crude recently surging toward the $120 per barrel mark amid threats to shipping in the Strait of Hormuz—a corridor for […]

New West Mena field to produce gas by end of 2026

The first gas output from the West Mena gas field in the Mediterranean is scheduled for the end of 2026, according to a Monday Cabinet statement.  The Egyptian government is prioritizing support for the petroleum sector to mitigate the impact of regional conflict. A central focus of this strategy is to ensure consistent payment to […]