Egypt’s Cabinet has approved the establishment of a special free zone for Fujairah Alamein Oil and Gas Company LLC to store and trade crude oil and petroleum products in New Alamein City.

Egypt’s Ministry of Petroleum and Mineral Resources and Halliburton are exploring the wider use of horizontal drilling and hydraulic fracturing technologies to increase oil and gas production and reduce operating costs.

Egypt is accelerating efforts to boost crude oil and natural gas production as well as scaling exploration activities, Petroleum and Mineral Resources Minister Karim Badawi said during an extensive meeting with international and Egyptian oil companies.

Minister of Petroleum and Mineral Resources Karim Badawi has launched the 2026 international bid round for crude oil and natural gas exploration, offering 14 new blocks to international and Egyptian oil and gas companies.

Vaalco Energy’s oil sales in Egypt jumped to $152.77 million in the first half (H1) of 2026 from $112.84 million a year earlier, according to the company’s financial results.

CI Capital expects that every 10% increase in global oil and natural gas prices would raise Egypt's annual fuel import bill by around 26%, or $6 billion, the Cairo-based diversified financial services group said in a recent report.

Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi reviewed plans to secure the local market’s energy needs during August, including measures to maintain adequate supplies and provide operational alternatives.

Egypt's Prime Minister Mostafa Madbouly and Libyan Prime Minister Abdul Hamid Dbeibeh discussed setting a timeline for cooperation in natural gas, petroleum exploration, and electricity interconnection.

Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting with a delegation from the US-based Quantum Capital Group to explore establishing a long-term investment portfolio in Egypt’s oil and gas sector.

Khalda Petroleum has brought a new natural gas discovery in Egypt's Western Desert into production, with the well initially producing 40 million cubic feet of gas per day (MMcf/d).

A newly discovered well operated by Badr Eldin Petroleum Company in Egypt's Western Desert is expected to add approximately 15 billion cubic feet (bcf) of natural gas reserves, with production scheduled to begin by the end of the month at a rate of around 15 million cubic feet of gas per day and 500 barrels per day of condensates.

The Ministries of Petroleum and Mineral Resources and Investment and Foreign Trade agreed to establish a joint working committee to support financing and investment opportunities in petroleum sector projects and strengthen cooperation with international financing institutions and strategic partners.

Egyptian Natural Gas Holding Company (EGAS) and London-listed independent oil and gas company Harbour Energy have inked an agreement to expand exploration activities in the onshore Desouq concession in the Nile Delta.

Egypt has fully settled all outstanding arrears owed to oil and gas investment partners, cutting them to zero after dues had reached approximately $6.1 billion in June 2024, according to Minister of Petroleum and Mineral Resources Karim Badawi.

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi met with Chris Wright, US Secretary of Energy, to discuss opportunities for investment, technology transfer, and expanded cooperation in the energy and mining sectors.

Egypt presented its vision to strengthen its role as a regional energy hub connecting producers and consumers at the US-Gulf Energy Infrastructure Summit in Washington, D.C., according to a statement by the Ministry of Petroleum and Mineral Resources.

Egypt was the largest natural gas consumer in Africa in 2024, accounting for 33.6% of the continent's total natural gas consumption, followed by Algeria, South Africa, and Morocco, according to a new study released by the Information and Decision Support Center (IDSC).

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi met with Syrian Minister of Energy Mohammed Al-Bashir during his visit to the US to discuss opportunities for cooperation to support the recovery of Syria's energy sector.

Egypt's Cabinet approved four draft petroleum concession agreements with a combined minimum investment of approximately $52.97 million and commitments to drill at least six wells, covering exploration and production activities in the Mediterranean Sea, Nile Delta, North Sinai, and the Eastern Desert.

Minister of Petroleum and Mineral Resources Karim Badawi discussed steps to activate a long-term strategic partnership between Egypt and Azerbaijan in the oil and gas sector during a meeting with officials from the State Oil Company of the Republic of Azerbaijan (SOCAR) on the sidelines of Baku Energy Week in the Azerbaijani capital from June 1st to 3rd.