Egypt’s EGPC reports 12 oil discoveries in fiscal 2025/26
Egypt’s General Petroleum Corporation reported 12 oil discoveries and a 22% reduction in energy use in fiscal 2025/26. It put average daily production at about 77,000 barrels of oil equivalent.
Egypt’s General Petroleum Corporation (EGPC) reported 12 oil discoveries for fiscal 2025/26, describing the count as the highest annual total in its history, according to results carried by the State Information Service. Average daily production was about 77,000 barrels of oil equivalent.
EGPC chairman Mohamed Abdel Meguid said energy consumption fell from about 103,000 to 80,000 tonnes of oil equivalent, saving $11 million. The corporation implemented about EGP8 billion in investment, while production-services companies invested about $120 million. These are company-reported fiscal-year results.
Iraq’s Ministry of Planning held a data-analysis course using seven quality tools for State Oil Marketing Organization (SOMO) staff from 5 to 11 October. The ministry’s 11 October announcement said 29 company employees took part.
The province’s exports declined 0.9% and imports 5.7% month over month in August; exports were down 2.7% year over year for the first eight months while imports rose 1.3%.
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