Minister of Petroleum and Mineral Resources Karim Badawi discussed expanding cooperation between Egypt and Cyprus in the natural gas and mining sectors with Cypriot Ambassador to Egypt Polly Ioannou.

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.

The Mineral Resources and Mining Industries Authority (MRMIA) signed a memorandum of understanding (MoU) with Genesis Mining to develop an integrated mining and industrial project for the exploitation of phosphate ore in New Valley Governorate

Egypt's petroleum sector and bp are teaming to bring the Fayoum North-4 well in the Mediterranean Sea into production soon, as per a statement issued by the Ministry of Petroleum and Mineral Resources.

The offshore Velox-1X exploratory well in the North Cleopatra concession has yielded promising oil indicators, confirming the presence of an active petroleum system and crude oil in the area

The Gulf of Suez Petroleum Company (GUPCO) has increased its crude oil production to 71,250 barrels per day, its highest level since July 2019.

Egyptian engineering and construction companies Petrojet and Enppi have secured a six-year engineering, procurement, and construction (EPC) framework agreement with Petroleum Development Oman (PDO), qualifying the consortium to compete for projects within a portfolio valued at more than $6 billion.

Minister of Petroleum and Mineral Resources Karim Badawi met with officials from SLB Egypt (Schlumberger) to discuss expanding the use of artificial intelligence (AI) across Egypt's petroleum sector, with a focus on increasing production, developing the Egypt Upstream Gateway (EUG), improving energy efficiency, and reducing carbon emissions.

The Gulf of Suez Petroleum Company (GUPCO) has brought the second phase of the North Safa field development project in the Gulf of Suez into operation as part of the Ministry of Petroleum and Mineral Resources' strategy to boost crude oil production and maximize output from existing fields.

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to utilize AI-powered tools and leverage digital transformation in Egypt's oil and gas sector with AIQ, a subsidiary of the UAE's ADNOC Group.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with Dana Gas CEO Richard Hall to discuss the company's activities in Egypt.

Minister of Petroleum and Mineral Resources Karim Badawi discussed Afaq Mining Company's plans to expand its gold exploration activities in Egypt.

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with the leadership of the Egyptian General Petroleum Corporation (EGPC) to review its performance and future development plans.

Dana Gas has received additional payments of AED 79 million ($21.5 million) from the Egyptian government, as all the company's overdue receivables in Egypt have been fully settled.

Minister of Petroleum and Mineral Resources Karim Badawi mulled over Cyprus-based mining company FMC’s plans to resume its gold and mineral exploration activities in Egypt's Eastern Desert.

Egypt’s exports of urea fertilizers jumped by 7.4% year-on-year (YoY) to $9.4 billion in 2025, Minister of Petroleum and Mineral Resources Karim Badawi noted at the 32nd Annual International Fertilizer Conference and Exhibition.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with the CEOs of Emirates National Oil Company (ENOC) and Dragon Oil to discuss opportunities for scaling investments in the Egyptian petroleum sector.

Minister of Petroleum and Mineral Resources Karim Badawi asserted that Egypt enjoys an integrated and flexible natural gas supply system capable of securing sufficient energy supplies throughout the summer season.

The National Service Projects Organization (NSPO) signed an agreement with Taqa Arabia to transfer ownership of a stake in 172 fuel stations operating under the Wataniya Petroleum Company's brand and place their management and operation under a newly established company, Quick Fuel for Trading and Distribution of Petroleum Products.

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.