Minister of Petroleum and Mineral Resources Karim Badawi discussed with Pascal Breant, Managing Director of TotalEnergies in Egypt and Cyprus, the company’s planned return to expanding natural gas exploration activities in Egypt, particularly in the Herodotus Basin in the Western Mediterranean.

Minister of Petroleum and Mineral Resources Karim Badawi met with Greg McDaniel, Senior Vice President for International Assets at APA Corporation and the company’s General Manager in Egypt, to discuss strengthening cooperation and review operational progress across its production sites.

Minister of Petroleum and Mineral Resources Karim Badawi met with Diego Portoghese, Head of North Africa and Levant at Eni, and Francesco Gasparri, Eni’s General Manager in Egypt, to review the company’s exploration and production activities in Egypt and discuss avenues to strengthen cooperation.

Egypt’s Cabinet has approved two draft concession agreements for the exploration, development, and exploitation of oil and gas across several key areas, with minimum investments of around $85 million.

Minister of Petroleum and Mineral Resources Karim Badawi met with Mathios Rigas, CEO of Energean, to discuss increasing investments in natural gas exploration and production in the Mediterranean Sea.

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.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with senior executives from Italy-based energy company Eni to review plans to increase crude oil production and advance the connection of Cypriot gas fields to Egypt’s infrastructure.

Minister of Petroleum and Mineral Resources Karim Badawi discussed expanding cooperation between Egypt and Italy in the oil and gas sector during a meeting with Italian Ambassador to Cairo Agostino Balizzi.

Minister of Petroleum and Mineral Resources Karim Badawi met with Nasser Saif Al Yafei, CEO of Arcius Energy, to discuss the company’s plans to expand natural gas exploration and production activities in Egypt.

Egypt plans to drill more than 100 exploratory oil and gas wells in 2026, as part of a broader program targeting approximately 500 wells by 2030, Minister of Petroleum and Mineral Resources Karim Badawi announced.

The Egyptian government has paid off $5 billion in dues to foreign oil companies, Prime Minister Mostafa Madbouly stated.

Karim Badawi, Minister of Petroleum and Mineral Resources, held talks with Frank Witzel, State Secretary at the German Federal Ministry for Economic Affairs and Energy, and discussed cooperation in the domain of energy

Khalda Petroleum Company, Disouq Petroleum Company, and the General Petroleum Company (GPC) have drilled a number of wells in their concessions in the Western Desert, the Eastern Desert, and the Delta, including five new exploratory wells, the Ministry of Petroleum and Mineral Resources announced.

The Ministry of Petroleum and Mineral Resources announced the successful drilling of four exploratory wells in the Western Desert, in line with its efforts to maximize domestic production and reduce the import bill.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting to review progress on projects aimed at increasing natural gas production during 2026 and accelerating their connection to the national gas grid.

Minister of Petroleum and Mineral Resources Karim Badawi held an extended meeting with the heads and representatives of several international oil companies operating in Egypt to discuss a new five-year plan for oil and natural gas exploration and production.

Minister of Petroleum and Mineral Resources Karim Badawi and the UAE’s Ambassador to Egypt Hamad Obaid Al Zaabi discussed strengthening cooperation in the oil and gas sector.

QatarEnergy has acquired a 40% participating interest in Egypt’s North Rafah offshore exploration block through a farm-in agreement with Eni, which will remain the operator with a 60% stake.

Minister of Petroleum and Mineral Resources Karim Badawi discussed TotalEnergies’ plans and new investment opportunities offered by Egypt Upstream Gateway (EUG)

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of three new petroleum agreements between the Egyptian General Petroleum Corporation (EGPC) and several major international oil companies (IOCs).