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- Indexed articles, last 90 days
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- Jul 6, 2026
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- Jul 5, 2026
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GUPCO to Add 2,500 bpd from New North Safa Well in Gulf of Suez (opens the original)
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Egypt’s Gulf of Suez Petroleum Company (GUPCO) is set to bring a new oil well into production within the coming days, adding approximately 2,500 barrels of crude oil per day as the country intensifies efforts to boost domestic hydrocarbon output, strengthen energy security and reduce dependence on imported petroleum products. The new well marks the first production milestone of the second phase of the North Safa Field development project in the Gulf of Suez, one of Egypt’s most established oil-p
Gulf Investors Eye Stake in Egyptâs $150m Arab API Pharmaceutical Ingredients Project (opens the original)
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Egypt’s drive to localise pharmaceutical manufacturing has attracted fresh regional investor interest, with Gulf companies expressing a desire to participate in the Arab API project, one of the country’s largest strategic investments in pharmaceutical raw materials. Olfat Ghorab, Chairwoman of the Arab Company for Drug Industries and Medical Appliances (ACDIMA), said the company has received expressions of interest from Gulf investors seeking equity participation in the project. She added that A
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