Prime Minister Mostafa Madbouly chaired a roundtable discussion with representatives from global energy companies and financial institutions on the second day of the EGYPS 2026

Minister of Petroleum and Mineral Resources Karim Badawi held talks with United Energy Group CEO Song Yu to review the company’s oil and gas activities in Egypt’s Western Desert.

Minister of Petroleum and Mineral Resources Karim Badawi discussed boosting cooperation with SLB, formerly known as Schlumberger, on implementing horizontal drilling technologies to increase oil production.

Minister of Petroleum and Mineral Resources Karim Badawi reviewed the progress of bp’s existing projects and expansion plans in Egypt to boost natural gas exploration and production.

The Ministry of Petroleum and Mineral Resources inked an agreement with Chevron to accelerate the development and production of natural gas from the Cypriot Aphrodite field and link it to Egyptian infrastructure.

Egypt is set to settle $1.3 billion in arrears to international oil companies (IOCs) by the end of June 2026, Minister of Petroleum and Mineral Resources Karim Badawi announced.

Drilling vessel Valaris DS-12 has arrived in Egyptian territorial waters as part of a program aimed at drilling four new wells for bp and Arcius Energy.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi attended the 2025 general assembly meeting of Engineering for the Petroleum and Process Industries (ENPPI) to approve the company’s financial results, as it continues to expand its international footprint.

South Valley Egyptian Petroleum Holding Company (Ganope) plans to drill five exploration wells at an estimated value of $33 million, Chairman Ashraf Bahaa announced during the company's ordinary general meeting.

The Egyptian Petrochemicals Holding Company (ECHEM) has a five-year plan to implement 10 projects, with investments of $11 billion, Chairman Alaa El-Din Abdel Fattah announced.

President Abdel-Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to discuss efforts for boosting oil and gas production through hydraulic fracturing and horizontal drilling.

Minister of Petroleum and Mineral Resources Karim Badawi and TotalEnergies followed up on the latest updates regarding the connection of the Cronos gas field to the Egyptian infrastructure, in partnership with Eni.

The Ministry of Petroleum and Mineral Resources has decided to adjust the prices of some petroleum products and compressed natural gas (CNG) for vehicles amid the recent exceptional conditions the global energy market faces.

The Ministry of Petroleum and Mineral Resources confirmed the availability of sufficient quantities of butane gas cylinders in the local market.

Arab Petroleum Pipelines Company (SUMED) successfully transported approximately 50 million tons of crude oil, equivalent to 365 million barrels, during 2025.

The petroleum sector has successfully added new wells to the natural gas production map in both the Mediterranean Sea and the Western Desert.

Minister of Petroleum and Mineral Resources Karim Badawi reviewed Harbour Energy’s business in Egypt, particularly in the field of natural gas and condensate production from the Disouq field in the Nile Delta.

The Cabinet greenlighted the Ministry of Petroleum and Mineral Resources' contract with X-Calibur to apply a comprehensive aerial geophysical survey of promising mineral-rich areas in Egypt.

Egypt will not be affected by the closure of the Strait of Hormuz, Minister of Petroleum and Mineral Resources Karim Badawi affirmed during the cabinet’s meeting.

Minister of Petroleum and Mineral Resources Karim Badawi held a video conference meeting with Basil Allam, Country Manager of Chevron Cyprus, to coordinate on finalizing agreements on linking the Cypriot Aphrodite natural gas field to Egyptian infrastructure.