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.

Egypt's Cabinet approved a draft law to cancel the value-added tax (VAT) exemption on natural gas, making it subject to a schedule tax of EGP 20 per 1,000 cubic feet as part of efforts to strengthen state revenues and broaden the tax base.

Minister of Petroleum and Mineral Resources Karim Badawi said Egypt has the capabilities to become a hub connecting the Caspian Sea region and Europe in the energy sector, citing its strategic location and advanced energy infrastructure.

Minister of Petroleum and Mineral Resources Karim Badawi discussed opportunities to deepen cooperation with Turkiye in the energy and mining sectors during a meeting with Turkish Minister of Energy and Natural Resources Alparslan Bayraktar on the sidelines of Baku Energy Week in the Azerbaijani capital from June 1st to 3rd.

Egypt plans to clear all outstanding dues owed to international oil companies (IOCs) by June 10th, 2026, earlier than a previously targeted June 30th deadline, Minister of Petroleum and Mineral Resources Karim Badawi said in a meeting with Prime Minister Mostafa Madbouly.

Minister of Petroleum and Mineral Resources Karim Badawi announced the launch of an exceptional edition of the Egypt Mining Forum on September 28th and 29th in the New Capital

The Mineral Resources and Mining Industries Authority (MRMIA) signed an agreement with initials to launch Egypt’s first comprehensive aerial mineral survey in 42 years.

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the commencement of drilling operations of a new well at Narges gas field in the Mediterranean Sea.

Agiba Petroleum Company, a joint operating venture between the Egyptian General Petroleum Corporation (EGPC) and Italy's Eni, has made a new discovery in the Western Desert

The Engineering for the Petroleum and Process Industries Company (ENPPI) has won the Budour-Northeast Birba Integrated Project (BBIP) in Oman at a value of $355 million.

Egypt has reduced dues to international oil companies (IOCs) to $440 million currently, compared to $6.1 billion as of June 30th, 2024, Minister of Petroleum and Mineral Resources Karim Badawi highlighted.

The Mineral Resources and Mining Industries Authority (MRMIA) and the European Bank for Reconstruction and Development (EBRD) inked a memorandum of understanding (MoU) to push the development of Egypt’s mining sector

Egypt signed a memorandum of understanding (MoU) with TotalEnergies to expand natural gas exploration activities in the Western Mediterranean region.

Minister of Petroleum and Mineral Resources Karim Badawi held two meetings with executives from Shell and Petronas in Egypt to discuss intensifying exploration and development of natural gas production in the West Delta Deep Marine (WDDM) concession of the Mediterranean.

Minister of Petroleum and Mineral Resources Karim Badawi met Ann Davies, Senior Vice President for Wells at bp, to review the progress of drilling programs for new natural gas wells in the Mediterranean